Nile Business City, a new business center located in Egypt's New Capital, is set to become the country's premier business hub. The project is a joint venture between the Ministry of Investment and International Cooperation and the New Urban Communities Authority, and is expected to be a major driver of economic growth in Egypt. Nile Business City will offer a wide range of facilities, including office parks, shopping centers, leisure and entertainment centers, and a number of other services. The project is also expected to create thousands of new jobs for Egyptians, as well as attract foreign investment. The project is estimated to cost around $3 billion, and will be completed in 2021.