Al Maqsad New Capital Egypt is an ambitious project that seeks to create a new city on the outskirts of Cairo, Egypt. The project was announced in 2017 by the Egyptian government, and is expected to be completed by 2027. The project will cover an area of approximately 700 square kilometers and will include a variety of residential, commercial, and industrial developments.

The project is being funded by a combination of private and public investments. The government has committed to investing $45 billion in the project, while private investors are expected to contribute an additional $30 billion. The project is expected to create up to 1.5 million jobs and will include new infrastructure such as roads, bridges, and ports.

Al Maqsad New Capital Egypt is part of a larger effort by the Egyptian government to modernize the country’s infrastructure and attract foreign investment. The project is expected to be a major contributor to the country’s GDP, with estimates suggesting that it could grow by up to 4.5% per year. It is also expected to have a positive impact on the environment, with the government investing in renewable energy sources such as solar and wind power.

The project has been met with some criticism from environmental activists, who are concerned about the impact that the development will have on the local ecosystem. The government has responded by committing to a number of environmental initiatives, including the creation of protected areas, the promotion of green building practices, and the implementation of water conservation measures.

Al Maqsad New Capital Egypt is an ambitious project that has the potential to transform the Egyptian economy. If successful, it could create thousands of jobs, attract foreign investment, and help the country move towards a more modern and sustainable future.