Atika New Capital is a new city located in Egypt, just east of Cairo. It is part of the government’s plan to alleviate congestion and overcrowding in the capital city. The city is being developed by the Egyptian government with the help of private investments.
Atika New Capital is the latest of several new cities being built in the country, with the goal of providing better living conditions for citizens and reducing the strain on existing infrastructure. The city is being developed on an area of 40,000 feddans (around 42,000 acres) and is expected to accommodate up to 5 million people.
Atika New Capital is being designed to be a modern city with advanced infrastructure, including a light rail system and modern roads. The city will also feature a commercial center, educational institutions, hospitals, and other amenities.
The project is expected to cost around $45 billion and will be funded through both public and private investments. The government has already signed agreements with several international companies, including China’s CITIC Group, to help finance the project.
Atika New Capital is expected to be a major boost to the Egyptian economy, creating thousands of jobs and providing a much needed boost to the country’s tourism industry. The city is expected to be completed by 2020 and will be a major draw for both local and international visitors.