Al Maqsad New Capital is a major development project located in Egypt, just east of Cairo. The project was announced in 2019 by Egyptian President Abdel Fattah el-Sisi and is planned to become a new administrative capital for the country. It is expected to be a hub for businesses, finance, technology, and research, as well as a major tourist destination.

The project is being funded by the Egyptian government, as well as private investors. The government has allocated $45 billion to the project, with an additional $30 billion expected to come from private investors. The project is expected to create 1.5 million jobs and attract over 5 million people to live and work in the new capital.

The project is divided into several parts. The first phase includes the construction of a new airport, a financial district, residential areas, and a technology park. The second phase will include the construction of a new business district, a sports complex, and a cultural center. The third phase will focus on creating a new health and education district.

The project is expected to be completed by 2022. When completed, it will be the largest and most modern city in Egypt. It will become a major symbol of the country's progress and development, and will be a major catalyst for economic growth.