Al Maqsad New Capital Egypt is a new city project that is set to be built in the desert east of Cairo, Egypt. The project is being developed by the China-based conglomerate Evergrande Group and is expected to be completed by 2022.

The project was announced in 2017 and is estimated to cost $45 billion. The city will span over an area of 70 square kilometers and is expected to house up to 5 million people. It will be equipped with modern infrastructure, including an international airport, a metro system, a seaport, and a free-trade zone.

The city will also feature a variety of residential, commercial, and recreational facilities. It will include a number of high-end residential complexes, shopping malls, and entertainment venues. There are also plans to build a university and medical facilities.

The project has been met with some skepticism due to the lack of water and other resources in the desert. However, the developers have stated that they are taking measures to ensure that the city will be sustainable.

Overall, Al Maqsad New Capital Egypt is an ambitious project that could potentially transform the country’s economy and bring in new investment. If successful, it could be a major boost for the country’s economy and create new jobs for its citizens.