A joint venture made up of the local Arab Contractors, Petrojet and China State Construction Engineering Corporation (CSCEC) has submitted designs for the first phase of the New Capital City project, according to two sources close to the project.
The joint venture agreement, which was signed in January, will see the group carry out all the work of the first phase of the scheme.
A spokesperson from Arab Contractors told MEED that the joint venture is also seeking local subcontractors for other infrastructure work. The joint venture is set to start infrastructure works at an estimated cost of $320m.
The first phase will comprise six government buildings on an area spanning 214,000 square metres and an Olympic park.
The agreement with CSCEC to take part in the first phase of the capital city project was signed in September 2015 with Egypts investment minister Ahraf Salman.