The City New Capital Egypt is a massive, multi-billion dollar project located in the desert east of Cairo. It is the largest urban development project in the Middle East and Africa, and will eventually become the new administrative capital of Egypt. The project is expected to be completed by 2022 and will include a new presidential palace, a business district, a financial district, an international airport, a medical city, an educational district, and a number of residential districts.

The project is being funded by a combination of government and private sources, including the UAE, Saudi Arabia, Kuwait, and China. The project will cost an estimated $45 billion and will be completed in stages. The first phase of the project is expected to be completed by the end of 2019, with the remaining phases to be completed by 2022.

The City New Capital Egypt is expected to become a major economic hub, with a population of seven million people. It will create hundreds of thousands of jobs and will be a major contributor to the Egyptian economy. The project will also include a number of parks and green spaces, as well as a number of cultural attractions. The project is expected to attract investments from around the world and will be a major factor in Egypt's economic growth.

The City New Capital Egypt is an ambitious project, and will bring a number of benefits to the country. It will create jobs, attract investments, and help to diversify the economy. It will also help to create a modern and vibrant city that will be a major tourist destination. The project is expected to be a major success and will be a major factor in Egypt's development.