CSCEC begins talks to subcontract development of new capital business district

Redcon Construction is in talks with the China State Construction Engineering Company (CSCEC) to take part in the development of the new administrative capital’s business district, Redcon head of projects Amr Badawi tells Al Shorouk. CSCEC, which signed the contracts to develop the district early this year, plans to spend USD 3 bn on the project. CSCEC is currently negotiating offers with other Egyptian contracting companies, Badawi adds.