Egypt, UAE sign deal to develop new city on Egypt's northern coast
STORY: Egypt, UAE sign deal to develop new city on Egypt's northern coast
SHOOTING TIME: Feb. 23, 2024
DATELINE: Feb. 24, 2024
LENGTH: 00:02:59
LOCATION: Cairo
CATEGORY: POLITICS
SHOTLIST:
1. various of the signing ceremony
2. various of Egyptian Prime Minister Mostafa Madbouly speaking
3. various of the signing ceremony
STORYLINE:
Egypt and the United Arab Emirates (UAE) signed a deal on Friday to build a new city on Egypt's northern coast, with the aim of boosting tourism, investment and foreign currency reserves.
The agreement, signed by Egypt's Housing Minister Assem El-Gazzar and UAE's Investment Minister Mohamed Al Suwaidi at Egypt's New Administrative Capital, will develop Ras Al-Hekma, a 170-square-kilometer area west of Alexandria.
Egyptian Prime Minister Mostafa Madbouly, who attended the signing, said the project would be carried out by Egypt's New Urban Communities Authority and Abu Dhabi Development Holding Company, and would inject 35 billion U.S. dollars of foreign direct investment into t
- Product Code
- ILEA002363630
- Registered date
- 2024/2/24 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
- Media size
- 1920 × 1080 pixel
- Deployment size
- 192.79(MB)*
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