{"id":639327,"date":"2017-10-26T06:43:08","date_gmt":"2017-10-26T06:43:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/cfld-to-receive-full-approval-to-develop-14000-feddans-in-new-capital-in-november\/"},"modified":"2017-10-26T06:43:08","modified_gmt":"2017-10-26T06:43:08","slug":"cfld-to-receive-full-approval-to-develop-14000-feddans-in-new-capital-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/cfld-to-receive-full-approval-to-develop-14000-feddans-in-new-capital-in-november\/","title":{"rendered":"CFLD to receive full approval to develop 14,000 feddans in new capital in November"},"content":{"rendered":"

<\/a> Chinese companies continue to tally wins in Egypt: <\/strong>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 did not mention any price tag for the agreement, we had noted back in July<\/a> that CFLD planned to spend USD 4 bn developing parts of the new city over the next five years, a figure it plans to increase to USD 13.5 bn over the next ten years. Zaki did note that CFLD would seek out a USD 2.5 bn from the Chinese government to fund the investment<\/strong>, according to Al Mal<\/a>. The news comes after announcements earlier this week of other big infrastructure wins for Chinese outfits<\/a>.<\/p>\n

Separately, Zaki also noted that the UAE\u2019s Emaar Properties has applied to develop 1,500 <\/strong>feddans.<\/strong> The two sides are in talks about pricing. NACCUD also plans to launch a tender on the same day for consultancies looking to design and install smart city systems and data collection systems in the new capital, government sources tell Al Borsa<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 did not mention any price […]<\/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-639327","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b5944d27-2f7c-4b26-a4cd-6ca34e38a349","order":"0","is_powered_by":true,"section_story_id":"98d0bb69-1b3c-451e-b4e6-dc75cb29393f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639317],"teaser":"","voice_url":""},"yoast_head":"\nCFLD to receive full approval to develop 14,000 feddans in new capital in November - 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\/26\/cfld-to-receive-full-approval-to-develop-14000-feddans-in-new-capital-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFLD to receive full approval to develop 14,000 feddans in new capital in November\" \/>\n<meta property=\"og:description\" content=\"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. 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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 "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":645118,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/cfld-to-invest-usd-4-bn-over-the-next-four-years\/","url_meta":{"origin":639327,"position":1},"title":"CFLD to invest USD 4 bn over the next four years","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"INVESTMENT WATCH - China Fortune Land Development Company (CFLD) is at it again and looking to invest USD 4 bn in developments in the New Administrative Capital over the next five years, according to an Ittihadiya statement picked up by Al Borsa. 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The planned investments include projects in the New Administrative Capital in which it will begin a month after the contract for the\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":635618,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/what-were-tracking-this-week-85\/","url_meta":{"origin":639327,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"10 December 2017","format":false,"excerpt":"The China Fortune Land Development Company (CFLD) will iron out this week the final details of its contract to develop 14k feddans in phase one of the new administrative capital, government sources tell Al Borsa. 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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. 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