{"id":645280,"date":"2017-07-17T03:49:24","date_gmt":"2017-07-17T03:49:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/"},"modified":"2017-07-17T03:49:24","modified_gmt":"2017-07-17T03:49:24","slug":"60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/","title":{"rendered":"60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital:<\/strong> Nasr <a href=\"http:\/\/www.almalnews.com\/Story\/340235\/15\/%D9%86%D8%B5%D8%B1-60%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D9%84%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D9%85%D9%86-%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1\">also spoke of<\/a> China Fortune Land Development Company\u2019s (CFLD) project in the New Administrative Capital, saying that the government will retain 60% of revenues from CFLD\u2019s projects there as part of a revenue sharing agreement with the company. As <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/12\/cfld-to-invest-usd-4-bn-over-the-next-four-years\/\">we noted last week<\/a>, CFLD had pledged USD 13.5 bn over the next 10 years in developing the 14,000 feddan first phase of the new capital \u2014 an apparent reduction in the size of its initial pledge of USD 20 bn. USD 4 bn will be invested in the development of industrial parks in the new capital over the coming four years, an Ittihadiya statement picked up by Al Borsa had said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital: Nasr also spoke of China Fortune Land Development Company\u2019s (CFLD) project in the New Administrative Capital, saying that the government will retain 60% of revenues from CFLD\u2019s projects there as part of a revenue sharing agreement with the company. As we noted last [&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-645280","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"181e29c0-8f62-4961-93b4-c61bbd64a843","order":"0","is_powered_by":true,"section_story_id":"84ba537e-2cb1-4371-a1f7-5844d9f20398","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645261],"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>60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in 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\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital\" \/>\n<meta property=\"og:description\" content=\"60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital: Nasr also spoke of China Fortune Land Development Company\u2019s (CFLD) project in the New Administrative Capital, saying that the government will retain 60% of revenues from CFLD\u2019s projects there as part of a revenue sharing agreement with the company. As we noted last [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-17T03:49:24+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\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital\",\"datePublished\":\"2017-07-17T03:49:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/\"},\"wordCount\":135,\"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\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/60-40-split-with-govt-on-revenues-from-cflds-developments-in-new-capital\/\",\"name\":\"60-40 split with gov\u2019t on revenues from CFLD\u2019s developments in new capital - 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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. 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":[]},{"id":645118,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/cfld-to-invest-usd-4-bn-over-the-next-four-years\/","url_meta":{"origin":645280,"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. This latest wave of mega investments from CFLD\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":636138,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/chinas-foreign-direct-investments-in-egypt-grew-75-in-1h2017\/","url_meta":{"origin":645280,"position":2},"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. He broke down some of this year\u2019s investments (mostly concentrated in the TEDA industrial zone in Ain Sokhna) as such: Jushi invested USD 170 mn\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":605131,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/egypts-talks-with-china-fortune-land-development-cfld-could-be-revived\/","url_meta":{"origin":645280,"position":3},"title":"Egypt\u2019s talks with China Fortune Land Development (CFLD) could be revived","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"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\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":645280,"position":4},"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":635670,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/what-were-tracking-this-week-86\/","url_meta":{"origin":645280,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"11 December 2017","format":false,"excerpt":"Adventurer and entrepreneur Omar Samra and triathlete Omar Nour will begin their epic 5,000 km journey across the Atlantic ocean on nothing but a rowboat tomorrow. 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