Egypt’s talks with China Fortune Land Development (CFLD) to build projects worth some USD 20 bn project in the new administrative capital could be revived, the New Administrative Capital Company’s (NACC) Chairman Ahmed Zaki Abdeen said. NACC is currently in talks with other foreign entities though to develop the new capital’s “business district,” Abdeen said, without naming the companies. Bloomberg had reported that the negotiations fell through due to disagreements over how to split revenues.

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