Egyptian-Saudi company looks to establish EGP 10 bn-worth of projects, including medical city in new capital

An Egyptian-Saudi venture that goes by the name of Spine Medical (which appears to have no solid internet presence) is allegedly looking to invest EGP 10 bn in projects at the new administrative capital, New Administrative Capital Company (NACC) spokesperson Khaled El Hosseini said yesterday, Al Masry Al Youm reports. El Hosseini claimed that a delegation from the company met with NACC boss Ahmed Zaki Abdien yesterday to pitch their medical city and Dragon City mal projects, as well as other industrial ventures, including a facility — possibly in 10 Ramadan City — to manufacture surveillance and remote control equipment for smart buildings at the new capital and new urban communities around it.