Prime Minister Mostafa Madbouli announced the news Wednesday during a conference titled "Builders of Egypt."
Sediq added that the cost of constructions in Asmarat alone is LE3.6 billion, while the value of the land on which it is built is LE2.5 billion.
The city consists of 20 neighborhoods.
A delegation from the association is visiting Libya soon.
Khalifa urged the 3.7 million Egyptian private enterprises – employing 25 million workers - to take benefit of the 11 MoUs signed by both countries on April 19.
Its architectural design is a mix of baroque and more modern styles of French architecture.
Five sectors will majorly contribute in such improvement.
It is noted that only 40,000 out of almost 7.5 million public employees will move to the New Capital.
Prime Minister Mostafa Madbouli stated in November that the number of reconciliation requests over construction violations surpass 2.3 million.
The construction works in the project - worth $117 million - have begun.
The Municipal Authority of Aswan Governorate and the Armed Forces Engineering Authority signed earlier this week a cooperation protocol worth LE609 million ($35.5 million).
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