Construction of the first phase of the new Egyptian administrative capital is set to begin in January 2016 and completed in early 2018.
Egypt signed the deal with China State Construction Engineering Corporation, also known as China Construction, in September.
Housing Minister Mostafa Madbouli has stated that between 80-85% of employment would be sourced domestically.
The city would include almost 2,000 schools and colleges and more than 600 health care facilities. They say the project will create more than a million jobs.
The plan to construct the new capital in Egypt was first mooted in March this year in a bid to ease congestion and overpopulation in Cairo over the next 40 years.
However, delays have marred the construction project over tendering. The project is expected to take between 5 to 7 years to complete.
