Al Maqsad New Capital Egypt is a major new development project that is being built in the outskirts of Cairo, Egypt. The project is being developed by the Egyptian government and is expected to cost around $45 billion. The project is set to become a major hub for business, finance, technology, and culture in the region.

The project is being developed in three phases. The first phase will focus on the development of infrastructure such as roads, railways, and utilities. The second phase will focus on developing residential and commercial complexes, while the third phase will focus on creating cultural and entertainment centers.

The project is expected to create around 1.5 million jobs and will be a major boost to the Egyptian economy. It is also expected to attract foreign investment and help to reduce poverty in the region.

The project is part of the Egyptian government's plan to develop the country's economy and create a modern and prosperous nation. It is also part of the government's plan to attract more tourists to the country and create more jobs for the people of Egypt.

The project is expected to be completed in 2025 and will be a major milestone for the country. It is hoped that it will help to create a more vibrant and prosperous nation, and will be a major boost to the economy.