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US dollar53.46EGPEuro59.96EGPBritish pound70.90EGPSaudi riyal14.26EGPUAE dirham14.56EGPKuwaiti dinar172.21EGPJordanian dinar75.41EGPQatari riyal14.69EGPTurkish lira1.08EGPChinese yuan7.98EGPGold 247,178.40EGP/gGold 216,281.10EGP/gGold 185,383.80EGP/gSilver99.55EGP/g

Science & Tech

China’s US$2.2 trillion urban renewal plan to boost construction, property sectors

By SCMP — Tech · May 29, 2026 · 1 min read SCMP — Tech ↗

China’s ambitious urban renewal projects, from upgrading dilapidated homes to rebuilding gas pipelines, are expected to require investment of at least 15 trillion yuan (US$2.2 trillion) in the five years from 2026, offering fresh growth opportunities for construction firms.
Property developers also received a shot in the arm on Friday, after the State Council released a guideline on the urban renewal campaign, part of Beijing’s 15th five-year plan for 2026 to 2030.
The overall investment could…

المصدر: SCMP — Tech

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