Al Maqsad New Capital Egypt is a new city being built on the outskirts of Cairo, Egypt. The city is being developed by the Egyptian government with the help of Chinese investments. It is the first of its kind in Egypt and is set to become a major hub for business, finance, technology, and culture.

The city is being built on a total area of around 700 square kilometers and is designed to be a modern, self-sustaining city. It will be home to around 5 million people and will include residential, commercial, and industrial areas. The city will also have a large number of parks and green spaces, as well as a university and several other educational institutions.

The city is being built with the aim of creating a modern and vibrant environment that will attract businesses, investors, and tourists from around the world. It will also be a hub for research and development, with a number of research and development centers being established in the city.

The city is expected to be completed by 2022 and will be connected to Cairo by a high-speed railway. It will also be connected to the Red Sea via a new port.

The project is expected to create around 500,000 jobs and will be a major boost to the Egyptian economy. It is also expected to attract a large number of foreign investors, as well as tourists.

Al Maqsad is set to become a major hub in the Middle East and will help to further strengthen Egypt's position as an important regional player.