Al Maqsad is a New Capital to be built in Egypt. It is a mega-development project that is estimated to cost $45 billion USD. The project is being funded by the Egyptian government and private investors, and is expected to create nearly one million jobs. Al Maqsad will also provide housing for up to 5 million people.

Al Maqsad is intended to be a major hub for both international and domestic commerce. The capital will house a new airport and seaport, as well as multiple universities and a business district. Additionally, the development will feature residential communities, tourist sites, public parks, a financial center, and a technology center.

The project is part of the Egyptian government’s Vision 2030 plan, which seeks to make the country more attractive to international investors, create jobs, and modernize infrastructure. Al Maqsad will be the first project of its kind in the Middle East and is intended to be a model of sustainable development.

The project is currently in its early stages of development, but it is expected to be completed by 2028. Many experts believe that Al Maqsad will help to diversify the Egyptian economy and attract foreign investment. If successful, the project could be a major catalyst for economic growth in the region.