Apartment 4 Bedrooms for Sale in Stau - New Capital By signature homes - Delivery Year 2026

Stau New Capital Egypt is a new city that is being developed in the desert east of Cairo, Egypt. The project was announced in March 2017, and is being developed by the China-based firm, Capital City Partners. The city is planned to cover an area of 170 sq km and will include a new international airport, a central business district, an industrial zone, a residential area, and a resort area.

The city is intended to be a modern, smart city, with a focus on sustainability. It is planned to have a low carbon footprint and to use renewable energy sources. The city will also feature a greenbelt of parks and open spaces.

The city is expected to create over one million jobs, and to attract a population of up to five million people. The city is also expected to attract a range of businesses, including IT, finance, and manufacturing.

The project is estimated to cost $45 billion, and is being funded by a range of sources, including private investors, the Egyptian government, and the Chinese government. The project is expected to be completed by 2022.

The project has been controversial, with some critics arguing that it is a waste of money and that the money could be better spent elsewhere. Others have argued that the project could provide a much-needed boost to the Egyptian economy and create jobs.

The project is also controversial due to the displacement of local people. In order to make way for the city, around 70,000 people will have to be relocated, and some of them are being offered compensation.

Overall, the Stau New Capital Egypt project is an ambitious and potentially transformative project. It has the potential to create jobs and boost the economy, as well as provide a modern and sustainable city. However, it is also controversial and has raised questions about the displacement of local people and the use of resources.