Egypt’s Ministry of Communications and Information Technology (MCIT) is reportedly planning to begin work on the construction of an EGP40 billion (USD2.44 billion) telecommunications network, as part of the first phase of development of the country’s proposed new capital city. According to Reuters the MCIT has signed a cooperation agreement with the Administrative Capital for Urban Development (ACUD,) the new capital’s owner and developer, to begin work on the infrastructure over a period of six months. Ahmed Zaki Abdeen, a retired general who heads the company building the new city, was cited as saying that that ACUD is providing the funding for the new network.

Source: TeleGeography