Promises to reduce spending on national megaprojects have been a key pillar of the reforms agreed as part of Egypt’s latest IMF deal (MEES, 8 March), which recently unlocked billions in foreign funding from international lenders and partners (MEES, 22 March).
With these conditional billions now flowing in, questions arise about the fate of Egypt’s new capital city, currently under construction in the desert 45km east of Cairo (see map). (CONTINUED - 1487 WORDS)
