CAIRO: In a meeting with investors, Egyptian Prime Minister Mostafa Madbouly discussed the proposal to set up an integrated entertainment and cultural city in the New Administrative Capital.
Madbouly called for various aspects of the project to be examined, including the funding assigned to it, as it would carry a significant cost.
After becoming an investment zone, the New Administrative Capital has proven to have a number of advantages, including promising opportunities to attract investment in various domains, Madbouly said.
During the meeting, the investors presented a report on the project, which aims to be a modern tourist destination rivaling others in the region and attracting visitors seeking culture, arts and entertainment.
They discussed the need for a strategic plan to organize artistic events that would host local, regional and international celebrities.
The investors also considered the possibility of forming partnerships with cities and international entertainment centers to create an environment that would attract investment and support the arts.
The proposed vision would also include the establishment of a number of open and closed cultural and entertainment parks, perhaps in cooperation with international amusement park companies.