(260419) -- CAIRO, April 19, 2026 (Xinhua) -- Egyptian Prime Minister Mostafa Madbouly speaks at a press conference in the New Administrative Capital, Egypt, April 18, 2026. Egypt on Saturday launched the "The Spine" urban development project in New Cairo, with investments exceeding 1.4 trillion Egyptian pounds (about 27 billion U.S. dollars), according to a cabinet statement.
Prime Minister Mostafa Madbouly called the project "global by all standards," saying that it would deliver "a real leap in urban development and economic growth in Egypt." TO GO WITH "Egypt launches 27-bln-USD urban development project in New Cairo" (Xinhua/Xin Mengchen)
