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That's what I read on the news, it was agreed a 20B usd loan + building deal for the new Egyptian capital.
Hey it's better than the IMF, so what's the problem? Even the Americans and Europeans need chinese money nowadays and are gradually selling their companies to the Chinese.
I do know , I was a reserve officer .. the known budget is 11 billion. but there is something you don't know , the egyptian army economy .. the army owns A LOT of civil companies , cattle farms , fish farms , hotels , tourism companies etc , 11 billion dollar is like 1% of real egyptian economy.
egypt-militarys-economic-empire
https://www.aljazeera.com/features/2...conomic-empire
I don't think there is anything wrong in that a country full of history and remains of ancient cities and architecture also builds vanguard cities with ultra tall and modern buildings somewhere else into the same country as long as it doesn't affect its historical buildings and past. On the contrary, that combination (old history and ultra modern and vanguard cities) would turn the country into a more interesting place that combines old history with modernism.
China, Turkey, Israel, Iran for example, are very good examples of countries that combine ancient history and very modern and vanguard cities. They haven't lost the charm of their ancient past for building vanguard buildings in several of their large cities. And there are many other examples like south Korea, Japan, Spain, Iraq, Thailand, Vietnam, and the list goes on and on.