Al Maqsad New Capital is a new city being built in Egypt, located about 45 kilometers east of Cairo. The project is part of the Egyptian government’s plan to create a new capital city for the country. The project is being developed by the New Urban Communities Authority (NUCA) in partnership with the Ministry of Housing, Utilities and Urban Communities.

The project is expected to cover an area of about 700 square kilometers, and will include residential, commercial, industrial and agricultural areas. It is estimated that the new city will be able to accommodate up to five million people. The project is expected to cost around $45 billion and will be funded in part by the Egyptian government and private investors.

The project is expected to create over two million jobs in the construction and service sectors, as well as in other areas such as tourism and finance. It is also expected to attract foreign investment, as well as create new opportunities for small and medium-sized businesses.

The project is expected to be completed by 2022, and will include a new airport, a new seaport, a new financial district, and a new administrative center. It will also include a new university, a new medical center, and a new industrial zone. The city will also feature a new public transportation system, as well as a new telecommunications network.

The project is part of the Egyptian government’s plan to create a new capital city for the country, and is expected to be an important economic and political center in the region. It is hoped that the project will help to create a more vibrant economy and provide new opportunities for the people of Egypt.