Al Maqsad New Capital Egypt is a planned city located in the eastern desert of Egypt, approximately 40 kilometers east of Cairo. The project is part of the Egyptian government's plan to expand the country's capital and create a new center of economic and cultural activity.

The project is being developed by the New Urban Communities Authority (NUCA), a government agency tasked with developing new cities and urban areas in Egypt. The project is estimated to cost around $45 billion and will cover an area of 70,000 acres.

Al Maqsad New Capital Egypt is expected to eventually become home to over five million people. The city will feature a wide range of amenities, including a business district, residential areas, entertainment and leisure facilities, educational institutions, and medical facilities. It will also feature a large green space and a network of parks and gardens.

The project is part of a larger plan to develop Egypt's economy and infrastructure. The government hopes that Al Maqsad New Capital Egypt will attract new businesses and investments, create jobs, and provide a modern and efficient infrastructure for the country.

The project is expected to be completed by 2023. In the meantime, the government is encouraging citizens to invest in the project and to take advantage of the opportunities it presents.