Egypts Ministry of Communications and Information Technology (MCIT) has shelved its 10 Ramadan City Technology and Science Park.
The $505m project has been put on hold, according to a statement from the ministry on 12 July.
Local sources have told MEED the project has been put on hold because the ministry wants to build a similar project in the new proposed Capital City.
The technology park was expected to be developed on a built up area of 480,000 square metres with all infrastructure and some buildings to be constructed by a state-owned joint stock company made up of the MCIT and the New Urban Communities Authority (NUCA).
Local media has estimated the costs of establishing the new Capital Citys technology infrastructure, which includes telecoms and internet cables, at $337.8m.
Despite this, it is unclear whether the authorities have started with the technology infrastructure in the area.
Other technology parks being considered in Egypt include the Cairo Contact Centres Park project in the Maadi area of Cairo. The scheme was proposed in 2015 under the Central PPP Unit. A number of companies submitted bids in mid-2015, but there has been no progress since.