The handover of the new administrative capital has not been delayed, according to Khaled Abbas, the chairman of the board of directors of the Administrative Capital Company for Jadida in Egypt, who also explained that the project uses an integrated system.
The Chairman of the Board of Directors of the Administrative Capital Company added during a telephone conversation on Sada Al -Balad channel, that special methods will be prepared for the entry and exit of employees in the new administrative capital, pointing out that starting from next January, the ministries will be transferred to the new administrative capital, provided that the government will be completed with April 2023 .
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Khaled Abbas pointed out that the number of government employees who will move to the administrative capital during the next year is about 35 thousand, and the tests are being done, adding that it is expected that lands will be re -offered to the developers starting next year.
According to Abbas, big entities will join initiatives in collaboration with the administrative capital business in the upcoming term.
The Chairman of the Board of Directors of the Administrative Capital Company confirmed that some facilities were granted to the real estate developers due to the circumstances that the world witnessed, such as the Corona crisis and the Russian -Ukrainian war, as some of the debts of companies were scheduled.
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The administrative capital, according to Khaled Abbas, is a smart city with all the necessary utilities and is run through a control centre. He also noted that the capital company has contracts with foreign firms to operate the new administrative capital at the highest level.
Abbas explained that what has been spent on the facilities of the new administrative capital exceeds 80 billion pounds, and the volume of private sector investments is 300 billion pounds in the administrative capital represented in about 400 companies, pointing out that the administrative capital company in particular is owned by the state, and it is rented to the state and profits belongs to the state Reiterating that the business has been profitable since its inception, its budget is disclosed.
from Cairo 24.
Egypt invests billions of pounds in new infrastructure.
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