Al Maqsad New Capital is a major new development in Egypt, located just east of Cairo. The project, which is being built by Chinese firm China Fortune Land Development Co., Ltd. (CFLD), is part of a larger plan to create a new administrative capital for the country.

The project is expected to include a variety of amenities, including residential and commercial areas, parks, a financial center, a cultural and entertainment district, and a medical complex. It will also include a new international airport and a railway station. The project is estimated to cost around $45 billion and is expected to create more than 1.5 million jobs.

The development is part of a larger plan to reduce congestion in Cairo, which is one of the most densely populated cities in the world. The new capital is expected to house up to 5 million people, and the government is hoping that it will become a major economic hub in the region.

The project has been controversial, with some locals worried about the potential environmental and cultural impacts of the development. The government has promised to address these concerns, and has promised to create a special committee to oversee the project's progress.

The project is expected to be completed by 2022. Once complete, it will be one of the largest and most ambitious projects in the world. It is a major step forward for Egypt, and will help the country to become a major economic player in the region.