Apartment 190m for sale in Floria New Capital

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Property Type:
Apartment
Reference:
EG367392
Location:
Floria - New Capital City
Type:
Flat+Garden
Finishing Status:
Semi Finished
Area:
190 sqm
Bedrooms:
3
Bathrooms:
3
Delivery Year:
2026
Listed:
Thu 18 May 2023
Floria New Capital is a new city in Egypt that is being developed as part of the country's vision to become a major economic hub in the region. Located in the desert between Cairo and Suez, the city is being built on a total area of 70,000 feddans (28,800 hectares). It will be a fully integrated city, with residential, commercial, and industrial areas, as well as educational, medical, and recreational facilities.

The new city is being developed by the Egyptian government in partnership with a number of private investors. The project is expected to cost about $45 billion, and is expected to be completed by 2032. When finished, the city will have a population of around 5 million people.

The city is being designed to be a model of sustainable development, with a focus on green building, renewable energy, and smart technologies. It will also feature a number of parks and green spaces, as well as a number of cultural and entertainment facilities.

The government has also announced plans to develop a number of special economic zones in the city, which will provide incentives to investors and businesses. The city is also expected to become a major hub for logistics and transportation.

Floria New Capital is expected to be a major game-changer for Egypt. It is expected to create thousands of jobs, attract billions of dollars in investments, and help diversify the country's economy. It is also expected to help reduce the country's reliance on tourism, which has been hit hard by the recent political turmoil.

The city is expected to be a major boost for the Egyptian economy, and it is hoped that it will help the country become a major regional power.

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