Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
CAIRO, June 3 (Xinhua) — Egypt’s New Urban Communities Authority and a Chinese-Egyptian joint venture have signed an agreement on the comprehensive operation and maintenance of the Central Business District (CBD) in Egypt’s New Administrative Capital.
Under the agreement, Horizon Operations Management /Egypt/ will be responsible for the implementation of the project in the CBD, initially focusing on property management and municipal administration.
According to a statement from the Egyptian cabinet, during preliminary talks on the signing, Egyptian Housing Minister Sherif El-Sherbini said the agreement covers the maintenance and management of important facilities, as well as the provision of comprehensive urban services to residents, tourists and businesses in the CBD.
Sh. El-Sherbini stressed that this step represents a significant change in Egypt’s approach to managing public facilities – from traditional models to results-oriented management based on quality and sustainability.
Also present at the signing ceremony on Sunday were Egyptian Prime Minister Mostafa Madbouly, China’s Vice Minister of Housing and Urban-Rural Development Dong Jianguo and representatives of China State Construction Engineering Corporation, which oversaw the construction of the Central Business District.
Situated in the heart of the desert, about 50 km east of the capital Cairo, the Central Business District is one of the key projects jointly built by China and Egypt under the Belt and Road Initiative. The project includes 20 commercial and residential skyscrapers, as well as supporting municipal infrastructure, including the 385.8 m Iconic Tower, the tallest building in Africa. –0–