Location:
La Capitale - New Capital City
Finishing Status:
Super Lux
Delivery Year:
Ready To Move
La Capitale New Capital Egypt is a new city being developed in the East Cairo region of Egypt. The project is a joint venture between the Egyptian government and a consortium of international investors, including the Abu Dhabi Investment Authority, the China Fortune Land Development Co., and the Dubai-based Emaar Properties. The project is expected to cost $45 billion and will cover an area of 70 square kilometers.
The new city will feature a variety of residential, commercial, and industrial developments, as well as a variety of amenities and public spaces. The development will include a central business district, a new international airport, a medical city, a technology park, and a variety of educational and cultural facilities. The city will also feature a number of green spaces, including parks, gardens, and sports facilities.
The project is expected to create up to one million new jobs, and the government has stated that it will prioritize providing housing for low-income families and creating new economic opportunities. The new city is also expected to attract foreign investment, with the government offering tax incentives and other benefits to attract businesses.
The project is still in its early stages, but it is expected to be completed within the next decade. The new city is expected to become a major hub for trade and tourism in the region, and it is hoped that it will help to diversify Egypt's economy and attract foreign investment.