Chinese CFLD is to organise an international conference to support Chinese and international companies to invest in Egypt.
The conference is titled “Invest in Egypt with CFLD”; it will be attended by more than 300 big companies.
CFLD has invited Dalia Khurshid, Egypt’s investment minister, during an interview with the company’s representative to see the company’s projects in China, according to the Ministry of Investment’s statement.
CFLD showed great interest in Egypt as a regional centre in the Middle East and North Africa. The Proposed New Capital of Egypt is among the projects which the company wishes most to invest in; the Chinese company intends to invest $20bn during the next 10 years.
Khurshid decided to form a joined technical work group of the Ministry of Investment and CFLD; the purpose of this group is to set an investment model of the company’s projects in Egypt in order to present it to all ministries, concerned bodies and political leaders.
Chinese CFLD is one of the world’s biggest companies, building cities with integrated facilities and services. It has built 40 cities in China and 2 in India and Indonesia; its total expected revenues of 2016 are estimated at $20bn.
