CFLD proposes building factories in NCC with EGP4bn worth of investments, bringing total investments in Egypt to EGP13.5bn
China Fortune Land Development Company (CFLD) has proposed building factories in the New Capital City (NCC), with EGP4bn worth of investments over the next five years, bringing up the total value of its investments in Egypt to EGP13.5bn within 10 years. The company had previously signed an agreement with the ministries of Housing and Investments to develop 60 sq. km (14,000 acres) in the NCC over three phases.
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