{"id":605131,"date":"2018-12-23T04:40:13","date_gmt":"2018-12-23T04:40:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/"},"modified":"2018-12-23T04:40:13","modified_gmt":"2018-12-23T04:40:13","slug":"egypts-talks-with-china-fortune-land-development-cfld-could-be-revived","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/","title":{"rendered":"Egypt\u2019s talks with China Fortune Land Development (CFLD) could be revived"},"content":{"rendered":"<p><b>Egypt\u2019s talks with China Fortune Land Development (CFLD) <\/b>to build projects worth some USD 20 bn project in the new administrative capital could be revived, the New Administrative Capital Company\u2019s (NACC) Chairman <a href=\"https:\/\/alborsaanews.com\/2018\/12\/20\/1163298\">Ahmed Zaki Abdeen said<\/a>. NACC is currently in talks with other foreign entities though to develop the new capital\u2019s \u201cbusiness district,\u201d Abdeen said, without naming the companies. <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/17\/egypt-china-talks-for-usd-20-bn-new-capital-project-monorail-financing-have-reportedly-fallen-through\/\">Bloomberg had reported<\/a> that the negotiations fell through due to disagreements over how to split revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s 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\u2019s (NACC) Chairman Ahmed Zaki Abdeen said. NACC is currently in talks with other foreign entities though to develop the new capital\u2019s \u201cbusiness district,\u201d Abdeen said, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,125,875,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605131","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-investment-watch","tag-new-administrative-capital","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"10fa2926-301e-4191-bab2-577876caf138","order":"0","is_powered_by":true,"section_story_id":"4024760b-2891-4716-88f8-7e1c3c2316c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605115],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s talks with China Fortune Land Development (CFLD) could be revived - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s talks with China Fortune Land Development (CFLD) could be revived\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s 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\u2019s (NACC) Chairman Ahmed Zaki Abdeen said. NACC is currently in talks with other foreign entities though to develop the new capital\u2019s \u201cbusiness district,\u201d Abdeen said, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-23T04:40:13+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s talks with China Fortune Land Development (CFLD) could be revived\",\"datePublished\":\"2018-12-23T04:40:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"new administrative capital\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/\",\"name\":\"Egypt\u2019s talks with China Fortune Land Development (CFLD) could be revived - 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The New Administrative Capital Company (NACC) and China Fortune Land Development Company (CFLD) are deadlocked on how to go forward with a 14k-feddan city planned for Egypt\u2019s new administrative capital. At the heart of the issue: The Chinese developer wants to a larger-than-initially-agreed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599527,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/emaar-backs-off-from-1500-feddan-residential-project-in-egypts-new-capital\/","url_meta":{"origin":605131,"position":1},"title":"Emaar backs off from 1,500 feddan residential project in Egypt\u2019s new capital","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Have talks broken down between Emaar and the new capital authority? Bloomberg reported on Monday that talks between Emaar and the New Administrative Capital Company (NACC) to develop a 1,500 feddan mixed-use project in the city have broken down. The business information service quoted NACC Chairman Ahmed Zaki Abdeen as\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604914,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-china-talks-for-usd-20-bn-new-capital-project-monorail-financing-have-reportedly-fallen-through\/","url_meta":{"origin":605131,"position":2},"title":"Egypt-China talks for USD 20 bn new capital project, monorail financing have reportedly fallen through","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"Egypt-China talks for a USD 20 bn project in the new capital have reached a deadlock amid a fight over revenue sharing, officials told Bloomberg. China Fortune Land Development (CFLD) had been in talks with Egypt for the past two years to develop the large-scale project over a 25-year period\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604964,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/18\/egypts-fdi-attractiveness-called-into-question-after-talks-over-cflds-usd-20-bn-new-capital-project-fall-through\/","url_meta":{"origin":605131,"position":3},"title":"Egypt\u2019s FDI attractiveness called into question after talks over CFLD\u2019s USD 20 bn new capital project fall through","author":"enterpriseam admin","date":"18 December 2018","format":false,"excerpt":"Does the collapse of talks on a USD 20 bn Chinese investment call into question Egypt\u2019s attractiveness to foreign investors? The collapse of Egypt\u2019s talks with China Fortune Land Development (CFLD) over the development of a USD 20 bn project in the new administrative capital \u201craises questions about Egypt\u2019s ability\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2527.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626728,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/","url_meta":{"origin":605131,"position":4},"title":"Is CFLD finally going to sign its new capital development contracts?","author":"enterpriseam admin","date":"10 July 2018","format":false,"excerpt":"Is CFLD finally going to sign its new capital development contracts? The China Fortune Land Development Company is ironing out the final details of its contract to develop 15k feddans in phase one of the new administrative capital, Zaki Hashem & Partners Managing Partner Yasser Hashem tells Al Masry Al\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631603,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/whats-happening-with-cflds-usd-13-4-bn-new-capital-contracts\/","url_meta":{"origin":605131,"position":5},"title":"What\u2019s happening with CFLD\u2019s USD 13.4 bn new capital contracts?","author":"enterpriseam admin","date":"22 March 2018","format":false,"excerpt":"What\u2019s happening with CFLD\u2019s USD 13.4 bn new capital contracts? Talks with China Fortune Land Development Company (CFLD) and the government over the contract to develop 14k feddans in phase one of the new administrative capital appear to be at a critical juncture. The city developer sent its final proposal\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=605131"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605131\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605131"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605131"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}