Al Maqsad New Capital Egypt is a new capital city being built in the desert east of Cairo, Egypt. The project is part of the country’s Vision 2030 plan, which seeks to improve economic and social development in the country.

The project is being developed by Capital City Partners, a consortium of international and local investors. The new city is expected to house 5 million people and will be home to a variety of business, residential, and recreational facilities.

The project includes a new international airport, a business district, and a financial center. It will also feature a university, a medical city, and a technology park. The city is expected to be a hub for technology, finance, and manufacturing.

The project is estimated to cost $45 billion and will be completed in stages over the next decade. The first phase is expected to be completed by 2022.

The project is expected to create over a million jobs and attract investments from foreign companies. It is also expected to reduce the country’s dependence on oil and gas as a source of revenue.

Al Maqsad New Capital Egypt is part of a larger plan to develop the country and make it more attractive to foreign investors. The project is expected to boost the economy, create jobs, and improve infrastructure. It is also hoped that it will help to reduce poverty and improve the quality of life for Egyptians.