{"id":638723,"date":"2017-10-12T03:50:38","date_gmt":"2017-10-12T03:50:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/"},"modified":"2017-10-12T03:50:38","modified_gmt":"2017-10-12T03:50:38","slug":"president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/","title":{"rendered":"President El Sisi inaugurates the first phase development of the new capital"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>President Abdel Fattah El Sisi inaugurated the first phase of the new<\/strong><strong>administrative capital yesterday.<\/strong> In his speech, El Sisi addressed naysayers, telling the audience that the project would prove that sustainable urban development in the form of new cities would be key to Egypt\u2019s bid to cope with its growing population. Housing Minister Moustafa Madbouly, Planning Minister Hala El Saeed and other cabinet ministers also attended.<\/p>\n<p><strong>Chinese company to develop business district in the new capital: <\/strong>Following the speech, China State Construction Engineering Company (CSCEC) signed a contract with the Housing Ministry to develop the district of the new capital. CSCEC joins compatriots China Fortune Land Development Company and the Metallurgical Corporation of China, which were among the top developer of phase one of the new capital. The contract size with CSCEC was not disclosed.<\/p>\n<p><strong>Housing Minister Moustafa Madbouly<\/strong> also spoke on the development of the new capital and its first phase. Key highlights from the project included:<\/p>\n<ul type=\"disc\">\n<li>The first phase development will cost EGP 17 bn;<\/li>\n<li>The city is expected to become home to some 6.5 mn residents;.<\/li>\n<li>The first phase will include 17,000 homes.<\/li>\n<\/ul>\n<p>You can catch the full inauguration ceremony here (<a href=\"https:\/\/www.youtube.com\/watch?v=tnzsr6PHi8c\">watch, runtime: 2:31:52<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Abdel Fattah El Sisi inaugurated the first phase of the newadministrative capital yesterday. In his speech, El Sisi addressed naysayers, telling the audience that the project would prove that sustainable urban development in the form of new cities would be key to Egypt\u2019s bid to cope with its growing population. Housing Minister Moustafa Madbouly, [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638723","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ca25e059-b65a-47d4-8b36-db375252c876","order":"0","is_powered_by":true,"section_story_id":"15f13e8f-dee4-4181-9e2c-21ccec23b9d6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638714],"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>President El Sisi inaugurates the first phase development of the new capital - 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\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President El Sisi inaugurates the first phase development of the new capital\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi inaugurated the first phase of the newadministrative capital yesterday. In his speech, El Sisi addressed naysayers, telling the audience that the project would prove that sustainable urban development in the form of new cities would be key to Egypt\u2019s bid to cope with its growing population. Housing Minister Moustafa Madbouly, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-12T03:50:38+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\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"President El Sisi inaugurates the first phase development of the new capital\",\"datePublished\":\"2017-10-12T03:50:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\",\"name\":\"President El Sisi inaugurates the first phase development of the new capital - 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CSCEC, which signed the contracts to develop the district early this year, plans to spend\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628161,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/zaki-hashem-served-as-legal-advisor-to-cscec-on-new-capital-business-district-development\/","url_meta":{"origin":638723,"position":5},"title":"Zaki Hashem served as legal advisor to CSCEC on new capital business district development","author":"enterpriseam admin","date":"26 June 2018","format":false,"excerpt":"Zaki Hashem & Partners served as legal advisor to China State Construction Engineering Company (CSCEC) on the company\u2019s USD 3 bn contract to develop the business district of the new administrative capital, Al Masry Al Youm reports. 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