Chinese investments in New Capital could be bad news for local firms –MEED

The resumption of talks with Chinese firms interested in building the USD 20 bn New Administrative Capital could be a bad sign for local firms, Hossam Abougabal writes for MEED, who argues the Chinese are crowding out local contractors. China Fortune Land Development and China State Construction Engineering could get “preferential treatment,” he writes, adding that authorities need to be transparent.