Egypt鈥檚 Arab Contractors has teamed up with China State Construction Engineering Corporation (CSCEC) to jointly bid for work in Egypt and the rest of Africa.
Egyptian prime minister Mostafa Madbouly the deal supported a strategic partnership between the two countries.
Egypt鈥檚 housing minister Sherif El Sherbiny said the agreement resulted from his recent visit to China, adding the aim was to share resources to 鈥渋mplement megaprojects in Egypt and across Africa鈥�.
State-owned CSCEC, the world鈥檚 biggest construction company, has become a major player in the Egyptian construction market in the last decade, with projects including the central business district of the New Administrative Capital and the 1 million-sq-m New Alamein resort city on the Mediterranean coast.
Elsewhere in Africa it is working on an urban quarter in Nairobi, Kenya, and the Doraleh Port Project in Djibouti, among other schemes.
For its part, Arab Contractors is also working on New Alamein, as well as the multi-billion-dollar Cairo Monorail.
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Further reading:
Building a good world that will help insure the eradication of poverty.
Funds for infrastructure that will require/enhance the creative problem solving contained in humans.
Too bad the US is not engaging in that infrastructure abroad or even within its own borders.
though the USA break away from Briton 249 years ago, focus seems to be on weapons for geopolitical adventures, controlling the flat line of green energy – people causing global warming.