Major General Ahmed Zaki Abedin, Chairman and Managing Director of Capital Management Company, said that the company has completed the implementation of 80% of the capital’s administrative projects, announcing that the opening in July.
Abedin added in remarks to CNBC Arabia: The Company’s investments reached 400 billion pounds. He also said that a financial advisor has been appointed to list on the stock exchange
In earlier statements, Brig. Gen. Khalid al-Husseini, spokesman for the new administrative capital, explained that 98% of the government district has been completed, leaving only the coordination of the site and some simple work, explaining that the employees will be gradually transferred to the government district.
He said: The process of moving through government-ready headquarters, and the staff are gradually being transferred there over a period of 6 months, numbering 50,000 employees, in conjunction with the operation of the necessary infrastructure, in addition to the operation of the central bus station.
Husseini explained: «There will be a big celebration for the opening of the new capital, such as the celebration of the transfer of royal mummies and the rams road, stressing that there is a joint committee preparing for this ceremony in the current period.»