The City New Capital Egypt is the latest development in the country’s capital, Cairo. Located in the heart of the desert, it is a planned city that is set to become the new administrative, financial, and business hub of Egypt.

The City New Capital Egypt was announced by Egyptian President Abdel Fattah El-Sisi in 2015. It is a massive project that is estimated to cost $45 billion and will be built over an area of 700 square kilometers. The city will be located 45 kilometers east of Cairo and will be connected to the capital by a new highway.

The city is being built with the intention of relieving the overcrowding and congestion of Cairo. It will have a population of 5 million people, and will feature a wide range of amenities, such as universities, hospitals, shopping centers, and entertainment venues. The city will also have a business district, which will include a financial center, international banks, and a stock exchange.

The City New Capital Egypt is expected to be completed by 2022. It is an ambitious project that will have a significant impact on the country’s economy. It is estimated that the city will create 1.5 million jobs and contribute $90 billion to the country’s GDP.

The City New Capital Egypt is a major step forward for Egypt and is expected to be a major driver of the country’s economic growth. It will help to create a more modern and efficient environment for business and investment, and will provide the country with the infrastructure necessary for it to become a leading global player.