Floria New Capital is a large-scale, integrated city project located in the desert east of Cairo, Egypt. The project is being developed by the Arab Contractors, a leading construction and engineering firm in the Middle East. The project is estimated to cost around $45 billion and is expected to house up to 5 million people.

The project is located on an area of about 70,000 acres, with the majority of it being desert land, and will include residential, commercial, and industrial areas. The city will include a financial district, an international airport, a university, a medical city, and a technology and innovation park. It will also have a number of green spaces, including parks, gardens, and a golf course.

The project is part of the Egyptian government’s plan to develop the country’s infrastructure and economic growth. It is hoped that the new city will attract foreign investment and help create jobs for the Egyptian people. The project is expected to be completed by 2028.

The project has been met with some criticism from environmental groups, who are concerned about the potential impact on the local environment. The Arab Contractors have said they are taking measures to reduce the environmental impact of the project, including using renewable energy sources and recycling materials.

Overall, Floria New Capital is an ambitious project that could have a positive impact on the Egyptian economy and people. It is hoped that it will help create jobs, attract foreign investment, and provide a modern, sustainable city for the people of Egypt.