{"id":626728,"date":"2018-07-10T04:45:41","date_gmt":"2018-07-10T04:45:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/"},"modified":"2018-07-10T04:45:41","modified_gmt":"2018-07-10T04:45:41","slug":"is-cfld-finally-going-to-sign-its-new-capital-development-contracts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/","title":{"rendered":"Is CFLD finally going to sign its new capital development contracts?"},"content":{"rendered":"

<\/a> Is CFLD finally going to sign its new capital development contracts?<\/strong> 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 Youm<\/a>. ZH&P is representing CFLD. Hashem did not provide details on talks to develop additional land, nor did he comment on why it has taken until now to sign contracts backed by a memorandum of understanding signed back in 2016. CFLD had reportedly sent its final proposal for the development project to the Egyptian government in March, at which time officials said they were \u201ctaking their time\u201d to study the offer thoroughly.<\/p>\n

The project value and financing are still not public:<\/strong> Hashem says CFLD will invest anywhere between USD 10 and 20 bn over 30 years, with the first phase of the project set to cost USD 2 bn. The company had said last year<\/a> it would invest USD 4 bn in the project over the coming four years, while a recent copy of the developer\u2019s proposal shows CFLD committing<\/a> to bringing in FDI worth USD 2 bn in the first five years. The scope of the project was supposed to see the company invest USD 20 bn over 10 years<\/a>, but all we\u2019ve heard from the press for a year is USD 13.4 bn over 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Youm. ZH&P is representing CFLD. […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626728","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4787e234-6dcb-48dd-8f2d-81582d886697","order":"0","is_powered_by":true,"section_story_id":"b42d9e98-ef87-45d6-931a-36f30c076d73","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626719],"teaser":"","voice_url":""},"yoast_head":"\nIs CFLD finally going to sign its new capital development contracts? - 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\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is CFLD finally going to sign its new capital development contracts?\" \/>\n<meta property=\"og:description\" content=\"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 Youm. ZH&P is representing CFLD. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-10T04:45:41+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is CFLD finally going to sign its new capital development contracts?\",\"datePublished\":\"2018-07-10T04:45:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\"},\"wordCount\":240,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/is-cfld-finally-going-to-sign-its-new-capital-development-contracts\/\",\"name\":\"Is CFLD finally going to sign its new capital development contracts? 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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 "Speed Round"","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":626728,"position":1},"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 "Speed Round"","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":639327,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/cfld-to-receive-full-approval-to-develop-14000-feddans-in-new-capital-in-november\/","url_meta":{"origin":626728,"position":2},"title":"CFLD to receive full approval to develop 14,000 feddans in new capital in November","author":"enterpriseam admin","date":"26 October 2017","format":false,"excerpt":"Chinese companies continue to tally wins in Egypt: The New Administrative Capital Company for Urban Development (NACCUD) plans to ratify China Fortune Land Development Company\u2019s (CFLD) agreement to develop 14k feddans in phase one of the new capital on 1 November, NACCUD\u2019s chairman Ahmed Zaki announced on Wednesday. While he\u2026","rel":"","context":"In "Speed Round"","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":636138,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/chinas-foreign-direct-investments-in-egypt-grew-75-in-1h2017\/","url_meta":{"origin":626728,"position":3},"title":"China\u2019s foreign direct investments in Egypt grew 75% in 1H2017","author":"enterpriseam admin","date":"21 December 2017","format":false,"excerpt":"China\u2019s foreign direct investments in Egypt grew 75% in 1H2017, said trade and economic attach\u00e9 with the Chinese Embassy Han Peng, according to Al Borsa. 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