29 March 2017By Marwa Hemdan
Egypt's Arab Contractors Company (AC) says it is planning to complete utilisation works in the residential and ministerial districts at the country's new capital city project by mid 2018.
The total cost of these works was estimated at three billion Egyptian pounds ($164.7 million).
Mohsen Salah, AC's chairman, said Tuesday that his company is tasked with executing a giant bundle of utilisation works that include new roads alongside drinking water and waste water networks at the new capital city.
"We have been assigned with some additional works to implement the parliament building in the ministerial district," Salah noted.
Egypt unveiled plans for what it presented as a new administrative capital at an economic development conference earlier in March 2015, which was attended by 2,000 delegates from 112 nations, including heads of state, top multinational company executives and directors from the World Bank and the International Monetary Fund.
The city will be built east of Cairo, between Cairo and the planned Suez Canal hub north west of the Gulf of Suez. It will include 1.1 million residential units to house five million inhabitants, as well as an administrative district on 550 feddans of land, with a presidential palace, ministries, government bodies, and embassies, as well as a financial district, according to the plan.
The ministerial district will include ministries, government agencies and the president's office.
© Amwal Alghad 2017