Egypt has signed a letter of intent with Chinese mega-firm China State Construction Engineering Corporation (CSCEC) to start work on the ministerial district in the new administrative capital city. The Egyptian Minister of Housing, Moustafa Madbouli, and the CEO of Administrative Capital City for Urban Development Company, Ayman Ismail, have witnessed the signing ceremony of the agreement along with Egyptian and Chinese officials. The agreement includes constructing the new cabinet's building along with 18 other ministerial buildings, starting with the Ministry of Housing. The alliance will also build a new convention centre, a fairground, and 15,000 residential units for low and middle income citizens. The new capital of Egypt is a large-scale project announced by Madbouli during Egypt Economic Development Conference (EEDC) on 13 March 2015. The new, yet-unnamed city is to be located 45 kilometers (28 miles), east of Cairo and just outside the Second Greater Cairo Ring Road in a currently largely undeveloped area halfway to the seaport city of Suez.
