Atika New Capital is a new urban development project located in the East Cairo region of Egypt. The project is being developed by Atika Capital, a consortium of leading real estate and construction companies. The project is expected to create a new city with a population of up to 500,000 people, providing much needed housing, jobs and infrastructure.
Atika New Capital will be a self-contained city with residential, commercial and recreational spaces. It will be built on a total area of 5,000 acres and is expected to include 20,000 residential units, over 10 million square meters of commercial and retail space, and a variety of public amenities such as parks, schools, hospitals, and leisure facilities. The project is being developed in phases, with the first phase expected to be completed by 2021.
Atika New Capital will be a modern city with a focus on sustainability and green living. The project is expected to feature a range of energy-efficient buildings, green spaces, and smart city technologies. It will also include a range of transportation options, including a metro line and a light rail system. The project is also expected to create thousands of jobs and attract significant foreign investment.