Egypt reviews development of New Administrative Capital airport and adjacent investment zone

Prime Minister Mostafa Madbouly chaired a meeting Tuesday to study proposals for expanding the New Administrative Capital airport and building an adjacent logistics and investment zone.

• Madbouly convened finance, civil aviation and investment officials Tuesday to review proposals for developing the airport and surrounding area.
• Cabinet spokesman Mohamed Adel said proposals include an integrated economic and logistics zone beside the airport, drawing requests from international investors.
• Adel said the proposals aim to attract foreign direct investment and maximize use of state assets.
• Adel said Madbouly directed formation of a working group of ministries to study the offers and evaluate investment alternatives.