Al Maqsad New Capital Egypt is a new city being developed in the heart of the North African country of Egypt. The project, which is being undertaken by the Egyptian government, is part of a larger effort to diversify the country’s economy and create a new center of economic activity.

The city is being built on an area of more than 7,000 acres and will be located just east of Cairo. The city will feature a wide range of amenities, including residential buildings, offices, shopping malls, schools, hospitals, and parks. In addition, the city will feature a number of green spaces, such as a botanical garden, a lake, and a nature reserve.

The city is being designed to be a modern, vibrant, and sustainable city. It will be powered by renewable energy sources such as solar and wind, and it will be connected to the rest of the country via a high-speed rail network.

The project is expected to create more than one million jobs, and it is projected to attract more than five million visitors each year. It is estimated that the project will cost $45 billion, and it is expected to be completed by 2030.

The project is part of the Egyptian government’s efforts to diversify the country’s economy and to create a new center of economic activity. It is hoped that the new city will become a hub for international business and investment, as well as a hub for culture and entertainment.

The project is being funded by a number of investors, including the Egyptian government, the World Bank, and a number of private investors. The project is expected to have a positive impact on the country’s economy, and it is hoped that it will help to reduce unemployment and poverty in Egypt.