Atika New Capital is a new mega-city being built in Egypt. The project is a joint venture between the Egyptian government and the United Arab Emirates’ sovereign wealth fund, Mubadala Investment Company. The project is expected to cost over $45 billion and will be located on a 70-square-kilometer plot of land in the desert outside of Cairo.

Atika New Capital will be a modern, self-sustaining city designed to accommodate up to five million people. It will feature a wide range of residential, commercial, and industrial properties, along with green spaces, parks, and recreational areas. The city will also have its own airport, seaport, and railway station.

The project is expected to create over one million jobs and will be designed to attract foreign direct investment. The city is also intended to be an example of sustainable urban development, with energy-efficient buildings and renewable energy sources.

Atika New Capital is part of a larger effort to modernize and diversify Egypt’s economy. It is intended to attract foreign investors and create new opportunities for the country’s citizens. The project is expected to be completed by 2028.