Al Maqsad New Capital Egypt is a major new development project located east of Cairo, the capital of Egypt. The project is expected to be completed by 2022 and will be the largest urban development project in the Middle East. The project will include residential, commercial, and industrial areas, as well as a financial district, educational and cultural centers, and a healthcare district.

The project was announced in 2017, and is being developed by the Egyptian government in partnership with a consortium of international investors. The project is expected to cost approximately $45 billion and will cover an area of more than 700 square kilometers.

The project is designed to alleviate the population density in Cairo and provide a modern, well-developed city for the growing population of Egypt. The development will include a new international airport, a new seaport, and a new railway line connecting the city to other parts of Egypt.

The project will also feature a new financial district, which will house the headquarters of a number of international banks and financial institutions. The project will also include a new business district, which will be home to a number of multinational companies and other businesses.

The project is expected to create more than 1.5 million jobs and generate an estimated $5 billion in annual economic output. It is also expected to attract a large number of foreign businesses and investors, which will help to stimulate the Egyptian economy.

The project is being developed with the goal of creating a modern, vibrant city that will be a major hub for business, finance, and culture in the region. The project is expected to be completed by 2022 and will be an important part of the Egyptian economy.