{"id":654437,"date":"2024-11-03T00:00:00","date_gmt":"2024-11-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/03\/cscec-subsidiary-inks-agreement-to-operate-new-capitals-business-district\/"},"modified":"2024-11-03T00:00:00","modified_gmt":"2024-11-03T00:00:00","slug":"cscec-subsidiary-inks-agreement-to-operate-new-capitals-business-district","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/03\/cscec-subsidiary-inks-agreement-to-operate-new-capitals-business-district\/","title":{"rendered":"CSCEC subsidiary inks agreement to operate new capital\u2019s business district"},"content":{"rendered":"\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egyptian-Chinese consortium inks agreement to operate new capital\u2019s business district: <\/strong>A consortium of China State Construction Engineering Corporation (CSCEC) subsidiary Umi Group and IGI Holding have signed an agreement with the New Urban Communities Authority to manage and operate the Central Business District in the New Administrative Capital, according to a Housing Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0QusjUdrQQkJSkJQC6d9F6ZRjYQDYPKFrCT9X4y9CUxaNDdRWR113vBXEjkMtz7dyl?__cft__[0]=AZVrDAgLIWFi_4wBbBxg9xUOb2crX00gC7q4myohkt6xvpGJUJirKTgqL9ELTpNCX9zISmtqQzXbCY6arRNgTSBnXLl5cdj3RdFS6SEmrGrgWYdlDimSJNOEJ1YODkfh_oTOSkIEL7mIpU9SRz82dP8LcJHCp7FLHDXWtlbCejM74w0yFoa7e6MXz43oNNOTlrE&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The agreement will see the consortium take over the operations of the district once construction is complete, Housing Minister Sherif El Sherbiny said in the statement. The consortium will focus on using local components and training local employees, and will apply \u201cadvanced technology based on artificial intelligence, energy monitoring and management, carbon emission tracking, and environmental sustainability standards.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>A total of 20 administrative, commercial, and residential towers are being <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e5e8e38-c790-4c52-8397-24915e148e0b\/chevron-to-start-nargis-gas-production-in-2025.-plus:-redcon-%2B-compass,-paysky-has-big-plans,-new-administrative-capital-construction\" style=\"\" rel=\"noopener\">built by<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e5e8e38-c790-4c52-8397-24915e148e0b\/chevron-to-start-nargis-gas-production-in-2025.-plus:-redcon-%2B-compass,-paysky-has-big-plans,-new-administrative-capital-construction\" style=\"\" rel=\"noopener\">CSCEC<\/a> \u2014 the largest construction company in the world by revenue \u2014 including the 400-meter-tall Iconic Tower in the new capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New Alamein is well on its way to having a new skyscraper: <\/strong>CSCEC has finalized the structural framework of the Iconic Tower in New Alamein, according to a Housing Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0eJUA33QstE2RGX9AFYz84GVdF9VAqwpDxAqWhCASKnkeiE8iThXiLQ1TAx7XrPDcl\" style=\"\" rel=\"noopener\">statement<\/a>, with CSCEC General Manager Wen Bing stating that the project \u201cserves as the cornerstone and central development hub within this promising city.\u201d The tower was built by Egyptian and Chinese teams under the supervision of the Housing Ministry, and boasts the largest concrete base ever poured in Africa, according to Wen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new Alamein industrial zone is also in the works:<\/strong> CSCEC is looking into setting up an industrial zone in New Alamein, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02dGqc7vnfixuXqJTRJEquLQ6x6YjKbywouCzFzwXASb9u2meUuLJ9Z1TypJnAA7yBl\" style=\"\" rel=\"noopener\">readout<\/a> of a meeting between Wen and Prime Minister Moustafa Madbouly. The government is particularly interested in manufacturing EVs, renewable energy components, and construction materials in the area, Madbouly said, noting that with the many projects to develop the North Coast, which will require more construction materials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new capital\u2019s medical city is still on the drawing board: <\/strong>Wen confirmed CSCEC\u2019s commitment to establishing its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7b8dea0-fa0d-4a5e-abf6-e1f535afc240\/china%e2%80%99s-construction-behemoth-eyes-building-a-medical-city-near-egypt%e2%80%99s-new-capital\" style=\"\" rel=\"noopener\">planned medical city in the new capital<\/a> as soon as possible in partnership with the Health Ministry. The project will be a part of China\u2019s Belt and Road Initiative, Wen added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The General Organization for Teaching Hospitals and Institutes recently inked an MoU with CSCEC to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa502c18-61d8-4c08-85c2-ddc1402eefe7\/egypt-launches-usd-660-mn-ethane-gas-import-company\" style=\"\" rel=\"noopener\">design and construct<\/a> the new medical city, which is expected to house 18 specialized clinics with over 4.2k beds, research centers, central laboratories, a blood bank, and other services. The project comes as Egypt aims to position itself as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd9f5dbd-734f-49f7-96cf-6fc4a7562198\/egypt-healthcare-authority-inks-agreements-with-regional-healthcare-players-in%253cmark%253e-medical-tourism-%253c%2Fmark%253epush\" style=\"\" rel=\"noopener\">medical tourism destination<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s Ain Sokhna factories are up and running: <\/strong>Wen also noted CSCEC\u2019s completion and launch of steel structure and glass facade plants in Ain Sokhna, with plans to expand by acquiring additional land.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreement will see the consortium take over the operations of the district once construction is complete<\/p>\n","protected":false},"author":1,"featured_media":654438,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7278],"tags":[5094,72,7111,875,2293],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-china-state-construction-engineering-company","tag-enterpriseam","tag-infrastructure","tag-new-administrative-capital","tag-new-alamein","wpautop","entry"],"acf":{"mongo_id":"39c3d076-3177-4c02-869f-96e07b835e25","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/59.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[654422],"teaser":"The agreement will see the consortium take over the operations of the district once construction is complete","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.4df6aa02-ab3f-446a-aa4a-6a267b418dbc.mp3"},"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>CSCEC subsidiary inks agreement to operate new capital\u2019s business district - 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\/2024\/11\/03\/cscec-subsidiary-inks-agreement-to-operate-new-capitals-business-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CSCEC subsidiary inks agreement to operate new capital\u2019s 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Construction, El Nasr General Contracting, and Dorra Real Estate Development Group \u2014 are close to inking contracts with China State Construction Engineering Company (CSCEC) to develop parts of the new administrative capital\u2019s business district, a source from one of the companies said, according to Amwal\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":592081,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/phosphate-misr-inks-usd-842-mn-agreement-with-chinas-cscec-wengfu\/","url_meta":{"origin":654437,"position":1},"title":"Phosphate Misr inks USD 842 mn agreement with China\u2019s CSCEC, Wengfu","author":"enterpriseam admin","date":"25 December 2019","format":false,"excerpt":"Phosphate Misr signed an agreement with a consortium of the Chinese State Construction Engineering Corporation (CSCEC) and China\u2019s Wengfu Group to set up a USD 842 mn phosphoric acid complex in Abu Tartoor, according to an Oil Ministry statement (pdf) The total cost of the project is estimated at USD\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601362,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/cscec-lays-groundwork-for-tallest-building-in-africa\/","url_meta":{"origin":654437,"position":2},"title":"CSCEC lays groundwork for tallest building in Africa","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"China State Construction Engineering Company (CSCEC) has begun laying the essential groundwork for the 385-m skyscraper set to be \u201cAfrica\u2019s tallest structure\u201d in the new administrative capital, according to a cabinet statement. The process will take three entire days to complete. 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