Al Maqsad New Capital Egypt is a new city being developed in the desert east of Cairo, Egypt. The city is being built to help alleviate the population pressure on Cairo and to provide an alternative economic center for the country. The project is being developed by the Egyptian government in partnership with the China Fortune Land Development Company (CFLD).

The city is planned to be a self-contained, modern metropolis with a total area of 50 square kilometers. It will include residential, commercial, and industrial areas, as well as educational and recreational facilities. The city will also feature a financial district and a free-trade zone. The project is estimated to cost $45 billion and is expected to be completed by 2028.

The city will be connected to Cairo by a high-speed rail line, and will also have access to the Suez Canal and the Mediterranean Sea. It is expected to attract up to 5 million people, and create up to 1.5 million jobs.

The city is part of the larger plan to develop the Suez Canal Corridor, a region that includes the Suez Canal, the Gulf of Suez, and the Sinai Peninsula. The plan includes the development of several new cities, including Al Maqsad New Capital Egypt.

The project is part of the Egyptian government’s Vision 2030 plan, which is aimed at modernizing the country and diversifying its economy. The new city is expected to be a major contributor to the country’s economic growth and will provide much-needed jobs to the region. It is also expected to have a positive impact on the environment, as it will use renewable energy sources such as solar and wind power.

Al Maqsad New Capital Egypt is an ambitious project that has the potential to transform the country and the region. Once completed, it is expected to be an important center for business, finance, and tourism.