CSCEC to showcase its projects in Cairo's New Administrative Capital

Construction projects at Cairo's New Administrative Capital by the China State Construction Engineering Corp (CSCEC) will be the latest landmarks in Egypt, said the company on Thursday.

The construction giant officially announced on Thursday launch of its online Open Day event on September 3 to enable online viewers from across the world to have a closer look at the projects under construction by the largest Chinese State-owned builder. The company has completed or participated in many world-renowned buildings, such as infrastructure work on Disneyland in Hong Kong and one of the world's tallest buildings, the Shanghai World Financial Center.

According to the company, the Open Day will unveil the projects at the northern African country's New Administrative Capital in Cairo for global visitors, and leverage diversified technologies to offer clear views of the projects, which include 20 single buildings, covering 1.9 million square meters.

The 385-meter-tall skyscraper Iconic Tower, which has been under the spotlight on social media platforms as it is expected to be a new landmark of Egypt as well as the tallest building in Africa, will also be displayed during the event.

Covering about half a square kilometer, the construction of the CBD, including 12 business complexes, five residential buildings and two hotels, began in May 2018 and is expected to be completed by March 2022, according to CSCEC.

The project has a budget of about $3 billion, 85 percent of which is financed by Chinese banks, with the remaining amount covered by Egypt's Ministry of Housing, Utilities and Urban Communities. It is part of Egypt's blueprint for a new administrative capital between Cairo and Suez, with an area of 714 square km, to help ease chronic congestion experienced by more than 20 million residents of Cairo.

Apart from the support of the technologies, designs and investments, CSCEC's working with local construction companies and sources for raw material and large equipment supplies to jointly build the new CBD also means the project is helping to provide thousands of job opportunities for the local economy and promote its development.

In addition to the Open Day, many other online events are in pipeline, leveraging livestreaming, social media platforms and other internet solutions, to offer its help in poverty-stricken areas in nation, such as helping local farmers to sell products during livestreaming, as a move to contribute to nation's goal of eliminating absolute poverty by the end of this year, the company said.

According to the company, 29 cities in 14 countries will be included in the three-month long Open Day event, showcasing CSCEC's efforts in stepping up sustainable development both domestically and globally.