Top Japanese firms set to land deal to construct Egypt’s new city

06 July 2015

Top Japanese firms are set to land Egypt’s US$45 Billion city construction that will kick off in few months.

According to the Egyptian government sources six Japanese firms are likely to implement Egypt’s new city project.

The country’s daily Amwal Alghad said that the deal between the government and the Japanese firms offer is currently on its preliminary stage as the negotiations between the UAE-based Emaar chairman Mohamed Alabbar failed.

The president is closely considering offering Japanese firms the deal that will see the companies start building up the administrative city.

Currently the Egyptian government has already received preliminary offers from other companies from Saudi Arabia to carry out the project.

However, since neither the Saudi nor the Japanese companies’ offers are final or official, no definite decision will be taken.. This is also because the financial package for the project has not been disclosed yet.


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