Egypt's new capital city will largely be funded by Chinese state-owned developers after two companies agreed to invest.
The China Fortune Land Development Company (CFLD) said it would provide $20 billion (£16 billion) for the currently unnamed city.
Heads of the firm met with Egyptian president Abdel Fattah al-Sisi to agree the deal, CNN reports.
The latest investment follows a previous injection of $15 billion (£12 billion) from another Chinese state-owned company, bringing the project closer to the $45 billion (£37 billion) requirement for its first phase.
