Al Maqsad New Capital is a new megacity under construction in Egypt. The project was announced in March 2019 and is expected to be completed in 2045. It is located 45 kilometers east of Cairo and is set to become the new administrative capital of Egypt. The project is estimated to cost $45 billion and will cover an area of 7,000 square kilometers.

The project is being funded by the Egyptian government and is expected to create 1.1 million jobs in the construction and services sectors. The city will be home to an international airport, a financial district, a business district, a technology hub, a media district, and a medical city. It will also have a theme park, a golf course, and a Formula One racetrack.

The project is expected to create a new economic hub in the region and will help to alleviate the overcrowding in Cairo. It is also expected to attract foreign investment and create new opportunities for the Egyptian people.

The project has been met with some criticism due to its high cost and the potential environmental damage that could be caused by the construction. However, the Egyptian government has stated that the project will be built in an environmentally friendly manner and that it will create a better quality of life for the people of Egypt.