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Egyptian govt signs deal for EGP 40 bln telecom network in New Administrative Capital

Friday 13 September 2019 | 09:38 CET | News
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Egypt's Ministry of Communications and Information Technology will begin work on a EGP 40 billion telecom network in the first phase of the new capital city being built east of Cairo, a cabinet statement said, according to Reuters. The ministry signed a cooperation agreement with the Administrative Capital for Urban Development (ACUD,) the new city's owner and developer, to begin working on the network over a period of six months. ACUD chairman Ahmed Zaki Abdeen said that ACUD would provide the funding for the network.

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Categories: General
Countries: Egypt
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