Vinci New Capital is a new development project located in Cairo, Egypt. The project is a joint venture between the Egyptian government and Vinci Group, a French real estate developer. The project is expected to be completed in 2021 and will cover an area of 1,500 acres.

The project is part of a larger plan to develop a new capital city for Egypt. The new city will be located in the desert and will be a modern metropolis with residential, commercial, and industrial components. The project is expected to create over 500,000 jobs and will be home to 6.5 million people.

The project will feature a range of amenities, including a university, a medical complex, a business district, and a range of shopping and leisure activities. There will also be a network of public transportation and a high-speed rail link to Cairo.

The project is expected to attract foreign investment and create a new economic hub for the country. The government has also stated that the project will help to reduce the congestion in Cairo and provide much-needed housing for the city’s growing population.

The project is expected to cost around $45 billion and will be funded by both public and private sources. Vinci Group is expected to invest around $20 billion in the project.

Vinci New Capital is an ambitious project that could have a significant impact on Egypt’s economy. It is hoped that the project will create jobs, attract foreign investment, and provide much-needed housing for the city’s growing population.