Trade City to be Set up Near Cairo AirportSource: www.export-egypt.com 3/14/2013, Location: Africa |
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The government is due to float a number of projects to revitalize economy including a commercial, investment city at an area of 2288 feddans in the vicinity of Cairo Airport with investments of $20 billion. Minister of Civil Aviation Wael el-Meadawi said that finances of this project will come from international investment , stressing that no land will be owned but it will be treated in the B.O.T or P.P.P system. He added that this project is expected to take between 5 and 8 years, providing 100,000 direct and indirect job opportunities. In another context, Minister of Investment Osama Saleh said that the government is due to float about 20 investment projects within four months including setting up 3 power stations with the BOOT system.
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