Egypt unveils plans for a new capital city

The Egyptian Government has announced ambitious plans to build a new capital to the east of Cairo to address prevailing economic conditions and ease overpopulation over the next 40 years. At an investment conference, Egypt’s Housing Minister, Mostafa Madbouly, said the project would take five to seven years to complete.

According to developers, the new city would have almost 2,000 schools and colleges and more than 600 healthcare facilities. It will also include an expansive international airport as well as more than 6,000 miles of new roads.

The development is planned to be built across a 700 sq. km area, which will accommodate about five million residents, connect significant shipping routes and create more than one million jobs. The project will be developed by Capital City Partners, the private real estate firm led by Dubai businessman Mohmed
Alabbar.

Mohmed was reported as saying, “It is a wonderful opportunity to be able to design something from scratch and to design it keeping in mind the needs of the Egyptian
people and the Egyptian Government.” Advanced design techniques will be deployed by the builders for the project, which is expected to shift Egypt’s density from Cairo eastwards to the coast of the Red Sea, to reduce current congestion in the city.

Capital City Partners said, “The new capital city will address the pressing issue of population density in urban areas of northern Egypt. It will help to strengthen and diversify the country’s economic potential by creating new places to live, work and visit.”