#foreign investment
40,000 employees, from 100 government agencies, have been relocated to the New Administrative Capital (NAC), announced Presidential Spokesperson Ahmed Fahmy on Tuesday, 25 July. The statement followed a meeting between President Abdel Fattah Al-Sisi and Khaled Abbas, chairman of the Board of Directors of the Administrative Capital for Urban Development. The relocation of government agencies from Cairo to the NAC has been planned for many years, and has seen gradual realization, though the timeline shifted due to the COVID-19 pandemic.…
