Office for Sale in Al Maqsad - New Capital By City Edge Developments - Delivery Year 2023

Al Maqsad New Capital Egypt is a new development project from the Egyptian government, located 45km east of Cairo in the desert area. It is envisioned to be a city with all the amenities, showcasing the Egyptian culture, investing heavily in infrastructure such as road networks, technology and other services, as well as housing projects.

The project was initially proposed by President Abdel Fattah al-Sisi and his government in early 2018, with an investment of $45 billion. The aim of the project is to become a mega city that could reduce overcrowding in greater Cairo where two thirds of 40 million reside squeezed into an area only larger than 1% of Egypt's terrain.

Al Maqsad was responsive to international consumption dynamics which pushed towards urbanization in megacities while retaining ancient culture and traditional handicrafts, displacing informal neighborhoods not meeting all necessities required for good quality of life within urban milieus. With this modernization came foreign investors providing large capital investments necessary for Al Maqsad's success including El Sewedy Electric Company and Abu Dhabi Investment House recommending funding into renewable energy projects and commercial activities turning idea into reality. Other financiers included Miami’s “Civic Financial Management” attempting to improve credit ratings allowing direct foreign investment and big infrastructure financing seemingly impossible prior to Al Maqsad.

These efforts have grossly affected development plans introducing modern state-of-the art technologies reflected through 2019’s Cityscape Conference and Exhibition stating Egypt is “taking giant steps forward” towards cutting-edge engineering achievement claiming it has “paralleled construction sites seen across the world” outmatching many established countries.

Ultimately, it dreams of realizing luxurious developments that offer residents seamless access to integrated infrastructure made up from carefully curated buildings unique designs; comprehensive traffic navigation systems incorporating public transport options; digital platforms offering online services enabling virtual access to almost all government departments; long processing times cut down dramatically using innovative blockchain; network building using natural gas substitutes opting for alternative sources energy efficient solutions essentially proving opportunities more inviting nature through geothermal energy with humidity plants among other inventions obtaining stainless environment outcome.