Al Maqsad New Capital Egypt is a proposed new city in Egypt, located just east of Cairo. It is part of a larger development plan that includes the expansion of Cairo and other cities in the region. The development plan was announced in March 2020 by Egyptian President Abdel Fattah El-Sisi.

The new city is planned to be built on an area of 50,000 acres and will include residential, commercial, and industrial zones. It is planned to be built in three phases and will include a new airport, a central business district, a technology park, a financial district, and a sports and entertainment district. The city will also feature a number of green spaces, including parks and gardens.

The project is estimated to cost around $45 billion and will be funded by a combination of public and private investment. The Egyptian government has stated that the project will create more than 1.5 million jobs and will help to reduce poverty in the region.

The project is expected to be completed by 2030 and will be a major boost to the Egyptian economy. It is expected to attract foreign investment and create a vibrant business environment.

The project is seen as an important step in the development of Egypt and the region as a whole. It is hoped that the development of Al Maqsad New Capital Egypt will help to attract more foreign investment and create a modern and prosperous economy in the region.