This sounds impressive. It's good to see how many African countries are now taking deliberate steps towards developing their infrastructure and cities to world class standard.
The African Development Bank needs to come up with a roadmap to fund industrialization projects on the continent. African countries must transition from just exporting their raw materials to processing them here.
The World Bank, IMF, Paris Club and Chinese loans are all skewed against the interest of African countries who seek such loan facilities. That's why the African Development Bank needs to improve on its lending capacity so that it can become a worthy alternative to fund developmental projects on the continent.
UAE will build a new $150 billion coastal city called Ras El Hekma in Egypt.
UAE will invest $35 billion in Egypt in two months. UAE will purchase the development rights for $24 billion and invest $11 billion.
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