Latest news with #ChinaStateConstructionEngineeringCorporation
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First Post
42 minutes ago
- Business
- First Post
Egypt shifting its capital from Cairo to a new city that China is building for it
Egypt is relocating its capital from Cairo to a new desert city, built and now operated by China. The New Administrative Capital, part of China's Belt and Road Initiative, reflects deepening Sino-Egyptian ties and aims to ease congestion in Cairo while modernising governance infrastructure. read more Egypt is formally shifting its capital from Cairo to a newly built city in the desert with China playing a central role in its construction and future operations. Located around 45 kilometres east of Cairo, the new administrative capital spans 700 square kilometres and is envisioned to house more than six million people. The project is part of Egypt's long-term effort to decongest Cairo and reposition itself as a modern administrative and economic hub. STORY CONTINUES BELOW THIS AD According to South China Morning Post, the central business district (CBD) of this new capital is being developed by the China State Construction Engineering Corporation (CSCEC), a state-owned Chinese firm. The company recently signed a protocol to operate and maintain the CBD, further deepening China's involvement in Egypt's infrastructure strategy. The agreement includes responsibilities ranging from property management to delivering integrated urban services for residents, businesses and tourists. The cost of building the CBD, which features government ministries, a presidential palace, parliament, foreign embassies, and high-end commercial infrastructure, is estimated at US$3.8 billion. Among its standout features is the Iconic Tower—Africa's tallest skyscraper at 385.8 metres, alongside ten office towers, five residential buildings, and four luxury hotels. The move also aligns with Beijing's Belt and Road Initiative, with Egypt serving as a strategic node linking Africa and the Middle East. China's presence in Egypt is expanding, especially around critical zones like the Suez Canal. More than 2,800 Chinese firms operate in the country across sectors such as manufacturing, construction and infrastructure, with total investments exceeding US$8 billion. Since 2023, over 30,000 Egyptian government employees have relocated to the new capital, which officially assumed the role of administrative seat following President Abdel Fattah al-Sisi's third-term inauguration. Commercial entities including banks, are also moving in, underscoring the city's growing economic significance. To ensure long-term sustainability, Egypt has implemented a 'cost-plus-margin' model for managing utilities in the new capital, maintaining government oversight while attracting international expertise. The model of having Chinese contractors not only build but also operate and maintain large-scale projects is gaining traction across Africa and appears to be a pillar of Sino-African collaboration. STORY CONTINUES BELOW THIS AD The new capital represents more than just a geographic shift, it signals a geopolitical realignment with China as a core partner in Egypt's transformation agenda.
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Business Standard
4 hours ago
- Business
- Business Standard
Egypt's new capital city to be built, operated by Chinese construction firm
Egypt is getting a new capital — and China is building it. The China State Construction Engineering Corporation (CSCEC), a state-owned Chinese firm, has signed an agreement to operate and maintain the central business district (CBD) of Egypt's new administrative capital, according to the South China Morning Post. CSCEC is also the main contractor responsible for constructing the district. Egypt is constructing a new administrative capital (NAC), located approximately 45 kilometres east of Cairo, to alleviate the congestion and pollution of the current capital. This ambitious project, part of Egypt's Vision 2030, aims to house over six million people and serve as the country's new political and administrative hub. Spanning 700 square kilometres, the NAC includes a $3.8 billion CBD featuring 10 office towers, five residential skyscrapers, and four hotels. Its centrepiece is the 385.8-metre Iconic Tower, now the tallest building in Africa. The district will also include supporting infrastructure and smart city features. CSCEC's newly expanded role will go beyond construction. Through a joint venture called Horizon Operations Management (Egypt) Co Ltd, the company will oversee services such as property management, utilities, public cleaning, security, green space maintenance, and environmental monitoring. This marks a shift toward the build-operate-maintain model that Chinese firms are increasingly adopting in infrastructure projects across Africa. 14 ministries already moved to Egypt's NAC Egypt has already started moving government operations to the new city. As of May 2023, 14 ministries and other state bodies had relocated. President Abdel Fattah al-Sisi inaugurated the NAC as the seat of government on 2 April 2024, shortly after the start of his third term. China's role in the project also includes significant financing. Around 85 per cent of the CBD's funding comes from Chinese lenders, including a $2.2 billion loan from a consortium led by China Exim Bank. In addition, Egypt's Arab Contractors Company and CSCEC have formed a joint venture to collaborate on further projects across the continent. Capital city vs administrative capital A capital city typically serves as the centre of governance and is symbolic of national identity. It usually hosts the executive, legislative, and judicial branches, along with being a cultural or economic hub. An administrative capital, by contrast, is where the day-to-day functions of government are carried out, such as housing ministries, agencies, and civil services. In some countries, this is a separate city from the official or historical capital. South Africa, for instance, has three capitals: Pretoria (administrative), Cape Town (legislative), and Bloemfontein (judicial). Malaysia relocated its administrative capital from Kuala Lumpur to Putrajaya in the 1990s, while Kuala Lumpur remains the national capital. New smart capital signals strategic shift Egypt is following a similar model. While Cairo will remain the capital in name, the country is relocating its core government functions, including ministries and public administration, to the newly built New Administrative Capital. The New Administrative Capital is designed as a smart city, with technology integrated into public services and infrastructure. Its development also reflects Egypt's economic ties with China, aligning with Beijing's Belt and Road Initiative.
Zawya
29-04-2025
- Business
- Zawya
Saudi National Housing Company extends strategic partnership with China's CSCEC
Riyadh -- The National Housing Company (NHC) announced the extension of its strategic partnership with China State Construction Engineering Corporation (CSCEC), in the presence of Minister of Municipalities and Housing Majed Al-Hogail. The partnership aims to build 20,000 housing units within NHC destinations. This partnership has been activated through the implementation of several projects across various NHC destinations in Eastern Region, Riyadh, and Jeddah, exceeding 3,800 housing units. The partnership is an extension of the Saudi-Chinese partnership series and several agreements signed with Chinese companies during the official visit to China by Minister Al-Hogail and NHC CEO Mohammed Bin Saleh Albuty. The collaboration will significantly contribute to the development of the real estate sector. NHC stated that the partnership extends its efforts to enhance the real estate supply and inject more housing units through quality partnerships with major international companies to establish urban destinations with high-quality standards across Saudi Arabia. NHC continues to provide services in the real-estate sector, developing urban projects that foster community prosperity according to high-quality standards, building robust supply chains, improving customers' daily life experiences, and aiming to deliver outstanding destinations that meet aspirations and achieve long-term investment returns.. -- SPA
Iraq Business
25-04-2025
- Business
- Iraq Business
Progress on Construction of Nasiriyah International Airport
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a field inspection on Monday to assess progress at the Nasiriyah International Airport project in Dhi Qar Province. With the overall completion rate of 47%, the Prime Minister urged relevant authorities to swiftly address remaining obstacles, including power supply, conflict resolution, clearance of military structures, and the completion of landmine and radiological surveys. Key components of the project have shown notable progress: the runway and taxiway are fully complete, the main passenger terminal is at 82%, the parking lot at 87%, the VIP terminal at 75%, and the staff building at 88%. Contracts were signed last year with the Turkish company Kiklop Design Hertz Insaat to oversee the project, and with the China State Construction Engineering Corporation (CSCEC) to handle the construction. (Source: PMO) Tags: Airports, cg, China, China State Construction Engineering Corporation (CSCEC), Dhi Qar, featured, Infrastructure, Kiklop, Nasiriyah International Airport, Turkey, Turkiye
Iraq Business
22-04-2025
- Health
- Iraq Business
Chinese-built $374m Iraqi Medical City Breaks Ground
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the execution phase of the Nasiriyah Medical City Project in Dhi Qar Province -- a healthcare complex comprising 13 facilities, including seven hospitals with a combined capacity of 700 beds. Designed to reduce Iraq's reliance on overseas medical treatment, the 132-dunam [13.2-hectare; 33-acre] project will include specialized hospitals, a blood bank, a research centre, and full utility infrastructure. It is being built by China State Construction Engineering Corporation (CSCEC) for the Dhi Qar Reconstruction Fund. Contracts were signed last month, with the total project cost is estimated at 490 billion Iraqi dinars [$374-million]. (Source: PMO)
