China Fortune Land & Development Company (CFLD) has shown interest to invest in Egypt’s New Capital City project, according to a spokesperson at the Ministry of Housing. The ministries of Housing and Investment received a delegation from the company on 24 September. The company is reportedly looking to pump up to USD20bn in investments in Egypt over the coming ten-year period. This will include the development of the second phase of the New Capital City project through a public-private partnership (PPP) agreement with the government. CFLD plans to build a smart village, a technology zone, a residential city, as well as a number of road projects in the proposed capital city scheme. (MEED)