Al Maqsad New Capital Egypt is a new city being developed in Egypt's Eastern Desert. The city is located around 25 kilometers east of Cairo, the country's capital. It is being developed as part of a larger plan to create new cities and economic zones in the region.

The project is part of Egypt's Vision 2030 plan, which aims to make the country a regional leader in economic development. Al Maqsad is being developed by the New Urban Communities Authority, a government agency responsible for developing new cities and urban areas in Egypt. The project is expected to cost around $45 billion.

The city is planned to include residential and commercial areas, with housing for up to five million people. It will also include industrial and manufacturing zones, as well as a financial district. The city is planned to have its own airport, seaport, and railway station.

The project is expected to create thousands of jobs, both in the construction of the city and in the new businesses that will be created in the city. It is also expected to bring in billions of dollars in foreign direct investment.

The project is expected to be completed by 2030. Once finished, it is expected to become a major hub for business and tourism in Egypt. It is also expected to help reduce the country's dependence on oil and gas, and to create a more diverse economy.

Al Maqsad is part of a larger plan to develop the Eastern Desert region of Egypt. The region has been largely neglected in the past, and is seen as a major potential source of economic growth. The development of Al Maqsad is expected to provide a major boost to the region's economy, and to create thousands of jobs.