New Administrative Capital
Governor of the Central Bank of Egypt (CBE) Tareq Amer inspected on Thursday construction works and final preparations for the operation of the new printing house and the cash center in the New Administrative Capital.
Egyptian President Abdel Fattah El Sisi on Monday has reviewed the executive position of construction and engineering work in the New Administrative Capital, East of Cairo, as he met with state officials.
Madbouli highlighted that the new capital is a model of around 20 new similar cities that are under progress in Egypt.
The government will move mid-2021.
Governor of Egypt’s Central Bank Tarek Amer said the country will print new polymer LE 10 ($0.63) and LE 20 (1.27) banknotes as planned earlier starting next year, noting that they would are not meant to cancel the original paper money.
The government will move from Cairo to the New Administrative Capital mid-2021.
The designs must be submitted no later than 12 p.m. at the syndicate’s headquarters in a closed envelope with the contestant's name, membership number, mobile phone and email address.
President Abdel Fatah al-Sisi inaugurated on June 29, 2020 Sphinx Airport on Cairo-Alex Road and the New Administrative Capital airport via video-conference.
And despite the coronavirus crisis and the partial shutdown the country, like many other countries, has witnessed, Sisi has been inspecting the construction sites in different parts of the country, to make sure workers are doing their best, while taking p
This includes opening museums in the New Administrative Capital, Sharm El-Sheikh, Kafr El-Sheikh, among others.
President Sisi has been updated on the developments of the state's megaprojects amid the repercussions of COVID-19.
LE100 million are dedicated to archiving documents within the measures taken to achieve the relocation of the government and the parliament in 2021.
Madbouli toured on Sunday the New Administrative Capital (NAC) to check on the construction progress of the projects of the first stage.
The measures include screening laborers, technicians and engineers before they enter their sites and maintaining social distancing.
Work sites, offices and workers’ buses, restaurants and places of residence were disinfected, Minister Assem al-Gazzar said, as part of precautionary measures to protect workers in the new city and in other projects nationwide.
The inauguration of national mega projects in Egypt was postponed to 2021.
Minister of Transportation Kamel al-Wazir followed up the construction works of the New Administrative Capital's (NAC) electric train on Sunday.
Madbouli held a meeting on Tuesday to follow up the progress realized so far in transferring the government to the New Administrative Capital.
Gamal Negm, deputy governor of the Central Bank of Egypt said the country will start issuing plastic currency, starting with the LE 10 ($0.64) notes, as banknotes will be printed in the New Administrative Capital's printing facilities.
The deal is the first phase of other contracts with the company that will be signed later.
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