Apartment 211m for sale in Atika New Capital

Apartment for Sale in Atika - New Capital

 
Reference: GB64047
EGP 5,490,715
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 5,490,715 Installment
Price / Sqm:
EGP 26,022 Per Sqm
Finishing Status:
Super Lux
Area:
211 M2
Floor No.:
7
No of Floors:
Delivery Date:
2024
Allowable height:
Last Updated:
Thu 4 May 2023

Atika New Capital is a planned city located in the desert region of Egypt, near the border with Sudan. The new capital will form part of a larger economic zone developed by the Egyptian government to stimulate growth in the country and boost employment. The city, which is still under construction, is estimated to cost up to $45 billion and will eventually become the new administrative center of Egypt.

The project is designed to promote sustainable urban development and create jobs in the region. It will feature a range of entertainment, hospitality, medical and educational facilities that will attract businesses and tourists. Atika New Capital is also set to become a hub for finance, technology, media and culture.

The project has been controversial due to its high cost and potential environmental impacts. The city is to be built on reclaimed desert land, resulting in water shortages and environmental degradation. In response to these concerns, the project's developers are taking steps to reduce the environmental impact and ensure that water scarcity won't be an issue.

Atika New Capital is part of the wider effort of the Egyptian government to diversify its economy and capitalize on its strategic location at the crossroads of Africa and Asia. With the project expected to be completed in 2020,