Rivan New Capital is a new city in Egypt that is being developed to be the country’s new administrative capital. Located on the outskirts of Cairo, the city is set to become a major hub for business, culture, and tourism in the region. The project was first announced in 2015 and is expected to be completed by 2022.

The city is being developed by the China Fortune Land Development Company and is being overseen by the Egyptian government. The project is estimated to cost around $45 billion and will be funded by both public and private investment. Once completed, the city will span an area of 70,000 acres and will house up to 5 million people.

The city will feature a number of modern amenities, including a modern transportation system, healthcare facilities, schools, universities, and shopping malls. It will also feature a business district, entertainment centers, and a number of green spaces. The city is being designed to be self-sustaining and will feature a number of renewable energy sources, such as solar and wind power.

Rivan New Capital is expected to become a major economic hub in Egypt and the region. It is expected to create thousands of jobs and attract foreign investment. The project is also seen as a way to diversify Egypt’s economy, which is currently heavily reliant on tourism and oil.

The project has been met with some criticism, however, as some are concerned about the environmental impact of the project. Others have also raised concerns about the potential displacement of local communities. Despite these criticisms, the project is moving forward and is expected to be completed by 2022.