In the last period there has been a rumor that the expenditure for the Administrative Capital projects took place through bank loans, but the government has denied this.
Common
Administrative capital projects were spent through bank loans
the truth
The Cabinet of Ministers affirmed the financing of all administrative capital projects completely independently of bank borrowing.
The financing was made relying on the company’s revenues from the proceeds of the sale of land to property developers, in addition to the project’s investments.
The administrative capital
The project has succeeded in creating economic value for the land on which it is built and increasing its value
The project has added economic value to the Egyptian state of approximately EGP 2 trillion.
Completion rates in the Government District and Finance and Business District exceeded 98%
The corporate implementation rate in the central business district, which includes 20 towers, including the iconic tower, has reached 60%.
The implementation of the sports city is 100% complete.
Implementation work is underway
The City of Arts and Culture
The new work
City of Knowledge
Islamic Cultural Center Egypt
New Capital Administrative Hospital
Central Gardens
olympic city
Educational services, schools and universities in the capital
![Hook Kwon Jin-young’s part “Brain infarction + walking difficulties… Illegal without a prescription” [공식입장]](https://image.imnews.imbc.com/news/2022/enter/article/__icsFiles/afieldfile/2022/12/08/20221208172426_0e1ef5a9-3bc5-465d-ae35-35ff8ce2614c.jpg "Hook Kwon Jin-young’s part “Brain infarction + walking difficulties… Illegal without a prescription” [공식입장]")