Anakaji New Capital is a planned city located in the desert of Egypt, approximately 45 kilometers east of Cairo. It is the first new capital of Egypt since the ancient city of Memphis, and is being developed to serve as a new administrative and financial hub for the country.

The project was launched in 2016 by the Egyptian government in response to the growing population of Cairo, which has caused overcrowding and other issues. The new city is being built on a total area of approximately 7,000 square kilometers, and will include a business district, residential areas, universities, hospitals, and other amenities.

The project is being funded by a mix of public and private investments, and is expected to cost around $45 billion. It will be developed in multiple phases, with the first phase estimated to be completed by 2022.

The new city is expected to provide a range of benefits to Egypt, such as creating jobs, boosting the economy, and providing better living conditions for its citizens. It is also expected to reduce the strain on Cairo’s infrastructure, as well as reduce pollution and traffic.

Anakaji New Capital is part of a larger effort by the Egyptian government to modernize and diversify the economy, which is largely dependent on tourism and agriculture. The new city is expected to attract foreign investment, as well as create new opportunities for businesses in the country. It is also expected to become a major hub for technology and innovation in the region.