Capital Heights is a new city located in Egypt's capital, Cairo. The city is part of a larger development project that was launched in 2018 and is expected to be completed by 2025. The project is expected to create around 50,000 new jobs and will bring in an estimated $3 billion in investment.
Capital Heights is located on the outskirts of Cairo, and is being built on a site that was formerly used for agricultural purposes. The city will feature a range of residential, commercial, and recreational areas, including parks, entertainment venues, and a shopping mall. The city is also expected to have an international airport, a university, and a modern public transport system.
The project is being funded by the Egyptian government, private investors, and international organizations. It is expected to create jobs in construction, engineering, finance, and other sectors. The city will also serve as a hub for innovation, with several tech companies already investing in the area.
The city is expected to be a major boost to the Egyptian economy. It is expected to increase the GDP of Egypt by around 2.5%. It is also expected to help reduce poverty in the region, as it will create jobs and bring in investment.
The project has been largely praised by the international community. It is seen as a positive step towards modernizing the Egyptian economy, and is expected to create a more vibrant and prosperous nation.