Cairo, Egypt – In a major boost to Egypt’s urban development drive, a leading Chinese construction firm has clinched the contract to develop a key island project along the Nile, signaling deepening economic ties between Cairo and Beijing.
The multi-billion-dollar initiative aims to transform the island into a modern hub featuring residential, commercial, and tourism facilities, aligning with Egypt’s Vision 2030 strategy to attract investment and boost infrastructure. Authorities say the project will not only reshape the island’s skyline but also generate thousands of jobs for Egyptians during construction and beyond.
Officials from both countries emphasized the deal as a symbol of strengthened cooperation. “This agreement reflects our commitment to sustainable urban growth while leveraging international expertise,” an Egyptian housing ministry representative said.
The Chinese firm, already active in several African infrastructure projects, noted that the island development would showcase cutting-edge architectural design, smart city technology, and eco-friendly construction practices.
Analysts say the project underlines China’s growing role as a key partner in Egypt’s development agenda, while also reinforcing Cairo’s position as a regional hub for foreign investment.
