Banafseg 8 is a new residential development located in the heart of New Cairo, Egypt. The development is a joint venture between the Egyptian government and the private sector, and is designed to provide modern, luxury living for the city's growing population.

The project is located in the fifth settlement of New Cairo, and will feature a variety of residential units, ranging from villas to apartments. The development will also feature a range of amenities, such as a shopping mall, a hospital, a school, and a club. The project is expected to be completed by 2021.

Banafseg 8 is a prime example of the Egyptian government's commitment to developing the country's urban areas. The project is part of a larger effort to create a modern, vibrant city that is both attractive and livable. The development is expected to attract foreign investment, as it provides an attractive investment opportunity due to its proximity to the city's major transportation hubs.

The development is also expected to provide much-needed jobs to the local population, as the construction process is expected to create thousands of jobs. In addition, the development is expected to bring in much-needed revenue to the local economy, as it is expected to generate significant tax revenue for the government.

Banafseg 8 is a prime example of the government's commitment to creating a modern, vibrant city that is both attractive and livable. The project is expected to provide much-needed jobs and investment to the local economy, and is expected to be a major contributor to the city's development.