Latest news with #CSCEC
Express Tribune
13-06-2025
- Business
- Express Tribune
Joy spread among orphans on Children's Day
In a touching display of goodwill, a Chinese company brought joy and hope to underprivileged children by donating essential supplies to an Islamabad orphanage, marking a special celebration of International Children's Day. The China State Construction Engineering Corporation Limited (CSCEC) Pakistan branch extended a helping hand to the Islamabad China-Pakistan One Heart Step and Cure Home (ICOSH), gifting items worth Rs2 million, including school supplies, daily necessities, sports equipment and electrical appliances. The contribution aims to enhance the living conditions and educational opportunities for children at the facility. Established in 2023 by the Beijing One Heart Sphere Charity Foundation and the China-Pakistan Youth Exchange Community (CPYEC), ICOSH initially focused on assisting critically ill Pakistani patients seeking medical treatment in the capital. Over time, it has expanded into a haven for disabled and seriously ill children, while also providing full-time care for 21 orphans, Gwadar Pro reported on Tuesday. Since its inception on May 28, 2023, ICOSH has supported over 130 orphans and children suffering from severe illnesses. The latest contribution from the Chinese company underscores the deepening friendship between China and Pakistan, reflecting the spirit of shared compassion and mutual support. The donation ceremony was attended by Yang Guangyuan, Minister Counsellor of the Chinese Embassy in Pakistan, who extended warm Children's Day greetings to the young residents. "It is an honour to participate in this meaningful initiative," said Yang. "We hope this event marks a new chapter in deepening China-Pakistan humanitarian cooperation and inspires more social forces to contribute to this noble cause." Addressing the event, Wang Yaodong, CEO of CSCEC Pakistan, highlighted the company's long-standing commitment to social responsibility alongside infrastructure development. Children at ICOSH also celebrated Children's Day with special activities, enjoying games and performances in a festive atmosphere.
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First Post
09-06-2025
- Business
- First Post
Egypt shifting its capital from Cairo to a new city that China is building for it
Egypt is relocating its capital from Cairo to a new desert city, built and now operated by China. The New Administrative Capital, part of China's Belt and Road Initiative, reflects deepening Sino-Egyptian ties and aims to ease congestion in Cairo while modernising governance infrastructure. read more Egypt is formally shifting its capital from Cairo to a newly built city in the desert with China playing a central role in its construction and future operations. Located around 45 kilometres east of Cairo, the new administrative capital spans 700 square kilometres and is envisioned to house more than six million people. The project is part of Egypt's long-term effort to decongest Cairo and reposition itself as a modern administrative and economic hub. STORY CONTINUES BELOW THIS AD According to South China Morning Post, the central business district (CBD) of this new capital is being developed by the China State Construction Engineering Corporation (CSCEC), a state-owned Chinese firm. The company recently signed a protocol to operate and maintain the CBD, further deepening China's involvement in Egypt's infrastructure strategy. The agreement includes responsibilities ranging from property management to delivering integrated urban services for residents, businesses and tourists. The cost of building the CBD, which features government ministries, a presidential palace, parliament, foreign embassies, and high-end commercial infrastructure, is estimated at US$3.8 billion. Among its standout features is the Iconic Tower—Africa's tallest skyscraper at 385.8 metres, alongside ten office towers, five residential buildings, and four luxury hotels. The move also aligns with Beijing's Belt and Road Initiative, with Egypt serving as a strategic node linking Africa and the Middle East. China's presence in Egypt is expanding, especially around critical zones like the Suez Canal. More than 2,800 Chinese firms operate in the country across sectors such as manufacturing, construction and infrastructure, with total investments exceeding US$8 billion. Since 2023, over 30,000 Egyptian government employees have relocated to the new capital, which officially assumed the role of administrative seat following President Abdel Fattah al-Sisi's third-term inauguration. Commercial entities including banks, are also moving in, underscoring the city's growing economic significance. To ensure long-term sustainability, Egypt has implemented a 'cost-plus-margin' model for managing utilities in the new capital, maintaining government oversight while attracting international expertise. The model of having Chinese contractors not only build but also operate and maintain large-scale projects is gaining traction across Africa and appears to be a pillar of Sino-African collaboration. STORY CONTINUES BELOW THIS AD The new capital represents more than just a geographic shift, it signals a geopolitical realignment with China as a core partner in Egypt's transformation agenda.
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Business Standard
09-06-2025
- Business
- Business Standard
Egypt's new capital city to be built, operated by Chinese construction firm
Egypt is getting a new capital — and China is building it. The China State Construction Engineering Corporation (CSCEC), a state-owned Chinese firm, has signed an agreement to operate and maintain the central business district (CBD) of Egypt's new administrative capital, according to the South China Morning Post. CSCEC is also the main contractor responsible for constructing the district. Egypt is constructing a new administrative capital (NAC), located approximately 45 kilometres east of Cairo, to alleviate the congestion and pollution of the current capital. This ambitious project, part of Egypt's Vision 2030, aims to house over six million people and serve as the country's new political and administrative hub. Spanning 700 square kilometres, the NAC includes a $3.8 billion CBD featuring 10 office towers, five residential skyscrapers, and four hotels. Its centrepiece is the 385.8-metre Iconic Tower, now the tallest building in Africa. The district will also include supporting infrastructure and smart city features. CSCEC's newly expanded role will go beyond construction. Through a joint venture called Horizon Operations Management (Egypt) Co Ltd, the company will oversee services such as property management, utilities, public cleaning, security, green space maintenance, and environmental monitoring. This marks a shift toward the build-operate-maintain model that Chinese firms are increasingly adopting in infrastructure projects across Africa. 14 ministries already moved to Egypt's NAC Egypt has already started moving government operations to the new city. As of May 2023, 14 ministries and other state bodies had relocated. President Abdel Fattah al-Sisi inaugurated the NAC as the seat of government on 2 April 2024, shortly after the start of his third term. China's role in the project also includes significant financing. Around 85 per cent of the CBD's funding comes from Chinese lenders, including a $2.2 billion loan from a consortium led by China Exim Bank. In addition, Egypt's Arab Contractors Company and CSCEC have formed a joint venture to collaborate on further projects across the continent. Capital city vs administrative capital A capital city typically serves as the centre of governance and is symbolic of national identity. It usually hosts the executive, legislative, and judicial branches, along with being a cultural or economic hub. An administrative capital, by contrast, is where the day-to-day functions of government are carried out, such as housing ministries, agencies, and civil services. In some countries, this is a separate city from the official or historical capital. South Africa, for instance, has three capitals: Pretoria (administrative), Cape Town (legislative), and Bloemfontein (judicial). Malaysia relocated its administrative capital from Kuala Lumpur to Putrajaya in the 1990s, while Kuala Lumpur remains the national capital. New smart capital signals strategic shift Egypt is following a similar model. While Cairo will remain the capital in name, the country is relocating its core government functions, including ministries and public administration, to the newly built New Administrative Capital. The New Administrative Capital is designed as a smart city, with technology integrated into public services and infrastructure. Its development also reflects Egypt's economic ties with China, aligning with Beijing's Belt and Road Initiative.
South China Morning Post
09-06-2025
- Business
- South China Morning Post
China at the centre of Egypt's new capital which will house 6 million people
Egypt 's New Administrative Capital, located in the heart of the desert just 45km (28 miles) east of the capital Cairo, is taking shape, with China at the centre of its construction , operation and maintenance. Chinese state-owned construction giant, China State Construction Engineering Corporation (CSCEC), is not only the primary contractor for the central business district of the new city but will now operate and maintain it in a deal between China and Egypt The new 700 sq km (270 square mile) city will eventually house more than 6 million people and is being constructed to relieve congestion and pollution in Cairo. The total cost of the CBD's construction – which will include a presidential palace, parliament, government buildings and space for foreign embassies – is estimated at US$3.8 billion (29.8 billion yuan). 02:02 China is building a new Egyptian capital in the desert under its Belt and Road Initiative China is building a new Egyptian capital in the desert under its Belt and Road Initiative The Egyptian unit of CSCEC on Wednesday announced the signing of a protocol for the operation and maintenance of the CBD project , which is seen to cement Chinese companies as key players in the country's infrastructure development and positions Cairo as a belt and road gateway to Africa and the Middle East. 'Under the agreement, CSCEC will assume responsibility for property management, operation and maintenance of the CBD in the New Administrative Capital, providing integrated urban services to residents, tourists and businesses,' CSCEC said in a statement. China's housing vice-minister Dong Jianguo, who was present at the signing of the deal on Sunday, viewed the strategic partnership between the two countries 'as a model of mutual benefit' and expressed China's readiness to expand cooperation in housing, infrastructure and urban-rural development. The CBD features Africa's tallest skyscraper, the 385.8-metre (1,266-foot) Iconic Tower, along with 10 office towers, five residential towers and four hotels, with CSCEC being the main contractor. Since 2023, more than 30,000 government employees have relocated to the new capital, which has served as Egypt's official seat of government since President Abdel Fattah al-Sisi's third-term inauguration. Commercial tenants, including banks, are also moving into the CBD, signalling its growing economic role.
Kuwait Times
03-06-2025
- Business
- Kuwait Times
Al-Tijaria, CSCEC sign strategic MOU with to collaborate on govt-tendered projects
Eng Abdulmutaleb Marafie, CEO of Al Tijaria Real Estate Company and Ji Tao, General Manager of CSCEC in Kuwait. KUWAIT: The Commercial Real Estate Company (Al-Tijaria), one of Kuwait's leading real estate companies, has signed a Memorandum of Understanding (MOU) with China State Construction Engineering Corporation Ltd (CSCEC), a global construction giant based in China, to jointly explore and collaborate on a range of strategically selected development projects tendered by governmental authorities in Kuwait. This agreement establishes the framework for collaborative efforts in conducting technical and financial feasibility studies during the bidding phase with CSCEC, who will perform these services in the capacity of the prospective construction contractor, subject to the viability of the project and the successful award of the contract. The partnership also outlines a framework for CSCEC to potentially invest in the projects alongside Al-Tijaria—subject to regulatory and authority approvals. CSCEC, in its capacity as the contractor, may also extend its support by introducing potential lenders to facilitate project financing arrangements on competitive terms. CEO of Al-Tijaria, Eng. Abdulmutaleb Marafie, commented: 'This MOU marks a significant step in our strategy to engage in public-private development opportunities in Kuwait. Partnering with CSCEC enables us to strengthen our technical and financial preparation during the bidding process and the execution upon award. Their global expertise and strong regional presence support our vision to develop large-scale real estate projects aligned with Kuwait Vision 2040. We are proud to work alongside one of the world's largest and most capable engineering and contracting firms.' Ji Tao, General Manager of CSCEC in Kuwait, stated: 'We are honored to collaborate with Al-Tijaria, a pioneer in Kuwait's real estate sector. Our goal is to share our global experience and technical capabilities to support the success of development projects in Kuwait and contribute to the goals of Kuwait Vision 2035. Al-Tijaria's strong market presence and proven track record make it a highly capable partner for such ongoing development initiatives' Al-Tijaria and CSCEC will continue to collaborate in good faith throughout the preparatory and bidding phases followed by implementation, in the best interest of shareholders and in alignment with applicable regulatory requirements.
