China leads world in investing in Africa, especially in Egyptian building projects


How will China's $36.1 billion dollar investment shape the future of Africa? While China only has 66 projects over the continent compared to the United States' 91 projects, it has pledged about ten times the total amount of money, and the lion's share of that cash is earmarked for Egypt. As Global Construction Review notes:

The largest recipient of Chinese money is Egypt, which accounts for 25% of its African FDI. Here, China’s involvement is overwhelmingly in the construction and infrastructure sector, and it has plans to spend $15b on 15 electricity, infrastructure and transport projects. This would have been higher still if it had not in February pulled out of a $20bn plan to build a new capital city.

Julia Ingalls via Archinect - News http://ift.tt/2rRyoD4

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