De Joya New Capital Egypt is a new urban development project located in the outskirts of Cairo. The project is expected to be completed by 2020 and will include a variety of residential, commercial, and recreational facilities.

The project is being developed by a joint venture between the Egyptian government and the Chinese company De Joya International. The total cost of the project is estimated to be around $20 billion.

The new capital will be located in the desert area of East Cairo, which is currently unpopulated. It is projected to have a population of 7 million people by 2030.

The project will include a variety of residential, commercial, and recreational facilities, including a new international airport, a number of universities, a new financial district, and a variety of shopping malls.

The project is expected to create over one million jobs and generate an estimated $45 billion in annual economic activity.

In addition to the new urban development, the project also includes plans for a new metro system, a high-speed railway, and a new highway system.

The project is expected to have a positive impact on the environment, as it will reduce air pollution in the area and encourage the use of renewable energy sources.

The project has been met with some criticism from environmental groups, who argue that the project will lead to the loss of valuable agricultural land.

Despite the criticism, the project is expected to bring much needed economic growth and development to Egypt. It is hoped that the project will help to reduce poverty and unemployment in the country.