CAIRO: President Abdel Fatah al-Sisi will lay the foundation stone of the new administrative capital in June, Chairperson of the Military Engineering Authority (MEA), Kamel al-Wazir, said in remarks to the media Wednesday.
During his inspection tour of the administrative capital site, al-Wazir said that the MEA will provide the construction companies with all the cement and iron they need to complete the first phase of the project.
The first phase of the project will be carried out on 10,500 acres along the Cairo-Suez Desert Road by the Egyptian-Chinese Alliance (the China State Construction Engineering Corporation, Arab Contractors, and the Petroleum Projects & Technical Consultations Co.)
In October 2015, President Abdel Fatah al-Sisi said that the first phase of the project should be completed in two years. The ambitious urban planning project was announced in March 2015 at the Egypt Economic Development Conference. The timeframe of the project was estimated at between five to seven years, with the total cost estimated at $45 billion.
The new capital city’s governmental district will include ministerial headquarters, public service institutions, halls for international conferences, 15,000 housing units, a public park, and buildings for embassies.