Al Maqsad New Capital Egypt is a major new development project in the country of Egypt. It is located in the desert east of Cairo, and is being built as a new administrative capital for the country. The project is being developed by the Egyptian government and is expected to cost around $45 billion.

The new capital is being built on an area of over 700 square kilometers, and is expected to be the largest city in Egypt. It will include residential, commercial, and industrial areas, as well as a number of government buildings. It is also expected to have a financial district, a technology park, and a number of cultural and entertainment venues.

The development of the new capital is being funded by a variety of sources, including the Egyptian government, foreign investors, and private developers. The project is expected to create over one million jobs in the country, and to attract more foreign investment.

The new capital is expected to be a major hub for the Egyptian economy, and to provide a boost to the country’s economy. It is also expected to be a major tourist destination, as it will provide a number of attractions and activities for visitors.

The project is still in its early stages, and is expected to take several years to complete. However, it is already being seen as a major step forward for Egypt and its people, and is expected to have a major impact on the country’s economy and its people.