Al Maqsad is a New Capital city being developed in Egypt, located in the eastern desert region near the Suez Canal. The project is being developed by the Egyptian government in partnership with a number of international investors. The city is planned to be a modern, business-friendly hub for the Middle East, with a focus on technology and innovation.

The project is expected to cost around $45 billion and will be built over an area of more than 40,000 hectares. The New Capital city is being built to accommodate 7 million people, with the aim of providing employment for 1 million people. The city will have a range of residential, commercial, and industrial zones, as well as a range of services, including healthcare, education, and culture.

The city is being designed to be a hub for international business, offering a range of incentives for investors. These include tax exemptions, streamlined processes, and access to international markets. The city will also be home to a range of technology and innovation hubs, with a focus on green energy, artificial intelligence, and robotics.

The project is expected to be completed by 2022 and will be a major boost to the Egyptian economy. It is hoped that the new city will attract businesses and investors from across the world, providing a major boost to the country’s economy. This is part of the Egyptian government’s vision of creating a modern, prosperous and sustainable Egypt.