Three local companies — Redcon Construction, El Nasr General Contracting, and Dorra Real Estate Development Group — are close to inking contracts with China State Construction Engineering Company (CSCEC) to develop parts of the new administrative capital’s business district, a source from one of the companies said, according to Amwal Al Ghad. Other local companies are also reportedly eyeing cooperating with CSCEC on the development. CSCEC, which is investing USD 3 bn in the business district, began talks in June to subcontract its projects in the district.

Tags: