China Lead Funder for Egypt's New Administrative City

The obelisk-shaped Iconic Tower skyscraper that juts out high above the Egyptian desert 45 kilometers (27 miles) east of the country’s capital, Cairo, is a glistening centerpiece of President Abdel Fattah al-Sisi’s signature new $59 billion New Administrative Capital that will host Egypt’s government offices and eventually aims to house some 5 million residents. 

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