Al Maqsad New Capital is a planned city located in Egypt, which is being developed to serve as the country’s new administrative capital. The ambitious project was announced in 2015 by President Abdel Fattah el-Sisi and is expected to be completed by 2022. It is estimated that the new capital will cost $45 billion and will be located 45 km east of Cairo.

The new capital is planned to be a modern, international city that will be the administrative and financial center of Egypt. It will include a presidential palace, government offices, a financial district, a business district, residential areas, and a new international airport. The city will also feature a number of green spaces, parks, and recreational areas.

The project is being funded by a number of sources, including the Egyptian government, the United Arab Emirates, and China. The project is expected to create thousands of jobs and attract foreign investment.

The new capital is intended to reduce the strain on Cairo, which is the largest city in the Middle East and has been facing increasing population growth and overpopulation. The new capital is also intended to reduce the strain on the Egyptian economy, which has been struggling due to a lack of foreign investment and a decline in tourism.

The project is expected to have a positive impact on the environment, as it will feature a number of green spaces and parks. It is also expected to reduce air pollution in the area, as it will feature a number of electric buses and other green transportation options.

The project is being developed with the help of a number of international companies, including the China State Construction Engineering Corporation, the China Fortune Land Development Co., and the Abu Dhabi-based Arabtec Construction Co.

The project has been met with some criticism, as some have questioned the cost and the potential environmental impacts. However, the Egyptian government has insisted that the project is necessary for the country’s economic growth and development, and has promised to ensure that it is developed in an environmentally responsible manner.