Al Maqsad New Capital Egypt is a new city being developed near Cairo, Egypt. The new city is part of the Egyptian government's plan to create an integrated urban center that will become a major hub for business, finance, and culture in the region. The project was announced in 2017 and is expected to be completed by 2022.

The new capital is being built on an area of about 700 square kilometers and will include a variety of residential, commercial, and industrial areas. It is estimated that the city will have a population of around 5 million people. The city will feature a number of green spaces, parks, and recreational areas, as well as a network of public transportation.

The project is being funded by the Egyptian government and a number of international investors. It is estimated that the total cost of the project will be around $45 billion. The project is being overseen by the Ministry of Housing and Urban Development, which is responsible for the development of the city.

The new capital is expected to create a number of economic opportunities for Egypt, as well as provide a much needed boost to the country's tourism industry. It is hoped that the city will attract foreign investment and help to create jobs for the local population.

The project is part of a larger plan by the Egyptian government to modernize the country and create a more prosperous future for its citizens. Al Maqsad New Capital Egypt is expected to be a major step forward in this process.