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Stau New Capital Egypt is an ambitious project that seeks to create a new capital city in Egypt, located 45 kilometers east of Cairo. The project was first announced in March 2015 and is expected to cost around $45 billion. The new capital is designed to be a hub for business, finance, and culture, and is projected to be the largest city in the Middle East, with a population of 7 million people.

The project is the brainchild of Egyptian President Abdel Fattah el-Sisi, who hopes to create a modern, vibrant city that will attract foreign investment and create jobs. The city is planned to include a new international airport, a business district, a financial center, and a vast network of parks and green spaces. The project also includes plans for a new university and medical center, as well as a number of cultural and entertainment venues.

The project is being funded by a combination of private and public money, with the Egyptian government contributing the majority of the funding. Construction began in October 2017 and is expected to be completed by 2022. The project is expected to create 1.5 million jobs and generate an estimated $90 billion in economic growth over the next decade.

Stau New Capital Egypt has been met with both criticism and praise. Critics have raised concerns about the cost of the project and its potential environmental impact. Supporters argue that the project will create much-needed jobs and economic growth in Egypt, and will help to diversify the country’s economy.

Only time will tell if Stau New Capital Egypt will be a success or a failure. However, the ambitious project is a clear sign that Egypt is determined to modernize and develop its economy.