A group of buildings at the New Administrative Cairo - File Photo
CAIRO - 11 July 2017: President Abdel Fattah El Sisi stressed on Tuesday the importance of finalizing projects in new cities on time.
The president made the statements during a meeting with Premier Sherif Ismail, Housing Minister Mostafa Madboly and Investment and International Cooperation Minister Sahar Nasr.
Such projects should provide high-quality services for citizens, Sisi said.
The meeting tackled an offer by the China Fortune Land Development (CFLD) to establish four factories in the New Administrative Capital within five years, presidential spokesman Alaa Youssef said.
The Chinese company is also planned to establish a smart village and an integrated industrial zone over an area of 7,319 feddans.
The Chinese company's investments will help create 230,000 jobs for Egypt's youth in the coming 10 years, he added.