The ICT Ministry signed an MoU with Schneider Electric that will see them collaborate on the design and construction of smart cities and tech zones around the new administrative capital, according to a ministry statement. The so-called “knowledge city” is set to be built on 301 feddans, with initial investments valued at EGP 6 bn. We had earlier noted that Housing Minister Mostafa Madbouly and Schneider’s Regional Head of North East Africa and Levant metto discuss possible collaborations in landing new contracts in Egypt.

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