China, Egypt ink deal on operation of CBD in New Administrative Capital


  • World
  • Tuesday, 03 Jun 2025

CAIRO, June 2 (Xinhua) -- Egypt's New Urban Communities Authority and a Chinese-Egyptian joint venture have signed a comprehensive operation and maintenance agreement for the Central Business District (CBD) in Egypt's New Administrative Capital.

According to the agreement, Horizon Operations Management (Egypt) Co., Ltd. will be responsible for the operation of the CBD project, initially focusing on property and municipal management.

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