Egypt’s new capital, The City, is a mega-project that has been in the works for years. Located 45km east of Cairo, the city will be the new administrative and financial centre of Egypt, and is expected to be completed by 2022.

The City will be a major hub for business and finance, with a focus on technology and innovation. It will be home to the country’s government headquarters, as well as a number of embassies and international organisations. It will also feature a large number of shopping malls, hotels, and entertainment venues.

The project is estimated to cost $45 billion and will be funded by the government and foreign investors. It is expected to create more than 1.5 million jobs and generate an estimated $90 billion in annual GDP.

The City is part of the Egyptian government’s plan to improve the country’s infrastructure and economic outlook. It is intended to reduce overcrowding in Cairo, which is currently home to over 20 million people, and to reduce traffic congestion and pollution.

The City will be a state-of-the-art, modern city, with an emphasis on sustainability. It will feature a network of green spaces, energy-efficient buildings, and public transportation. It will also be connected to Cairo and other major cities in Egypt via a high-speed rail network.

The City is expected to attract a large number of businesses and investors from around the world, as well as a large number of tourists. It is hoped that the project will help to diversify Egypt’s economy and bring in much-needed foreign investment.