New Cairo contract

摘要

After pulling out of a similar deal earlier in the year, state-owned China State Construction Engineering Corporation (CSCEC) has signed a contract worth US$3 billion (€2.54 billion) to build the central business district of a planned new administrative capital east of Cairo, Egypt. As part of the New Cairo mega-scheme, CSCEC has agreed to build a 345m-high skyscraper, which is set to be Africa's tallest building. The company will also construct 12 business complexes, five residential buildings and two hotels over half a square kilometre.