Al Maqsad New Capital Egypt is a new city being developed near Cairo, Egypt. The project is part of the Egyptian government’s plan to create a new administrative capital for the country. The new city is expected to be a major hub for economic, political, and cultural activities and will be home to a variety of businesses and industries.

The project is being developed by a consortium of Egyptian and international investors, led by the Egyptian government. The project is expected to cost around $45 billion and will cover an area of over 700 square kilometers. The city is expected to be home to over 5 million people and will include residential and commercial areas, educational and healthcare facilities, and a variety of other amenities.

The project is expected to create jobs and attract investments to the country. It is also expected to reduce traffic congestion in Cairo, as well as create a more attractive and livable environment. The project is expected to be completed by 2027.

The project is part of the Egyptian government’s plan to diversify its economy and attract foreign investment. It is also part of the government’s plan to develop the country’s infrastructure and create a more attractive environment for businesses and tourists.

The project is expected to have a positive impact on the country’s economy and will create jobs and attract investment. The project is also expected to help reduce poverty and improve the quality of life of Egyptians. The project is also expected to help reduce pollution and improve the environment.