Anakaji New Capital Egypt is an upcoming megacity located on the eastern edge of Cairo, Egypt. The city is planned to be a hub for international business, culture, and entertainment, as well as a hub for the country’s growing technology industry.
The project was announced in 2017 and is estimated to cost $45 billion. It is being developed by the Egyptian government in partnership with several international companies. The project is expected to be completed by 2022.
The city is planned to be built on a 4,000 hectare site and will include a financial district, a business district, a technology park, educational facilities, and residential areas. It is expected to be home to over 5 million people.
The project is expected to create over 1 million jobs and generate $90 billion in revenue for the Egyptian economy. The city is also expected to reduce the strain on Cairo’s infrastructure by providing an alternative to living in the overcrowded capital.
Anakaji New Capital Egypt is an ambitious project that could help to diversify the Egyptian economy and create a new hub for international business, culture, and entertainment. It is also expected to help reduce the strain on Cairo’s infrastructure, providing an alternative to living in the overcrowded capital.