Floria New Capital is a large-scale urban development project in Egypt located in the desert east of Cairo. The project is being developed by Capital City Partners, a joint venture between the Egyptian government and the United Arab Emirates. The project is estimated to cost $45 billion and is expected to be completed by 2028.

The project is part of a larger effort to develop Egypt’s infrastructure and create jobs. The new city is expected to be a major hub for technology, finance, and tourism. It will include residential, commercial, and industrial districts, as well as a large airport and a university. The city will also have a variety of parks, gardens, and entertainment venues.

The project is expected to create hundreds of thousands of jobs, both in construction and in the various industries that will be located in the city. It is also expected to attract foreign investment and to help diversify the Egyptian economy.

The project has been met with some criticism, as some fear that it will result in displacement of local people and the destruction of the environment. However, the project is being designed to minimize these impacts, and the government has promised to protect the rights of local people and to ensure that the environment is protected.

Overall, Floria New Capital is an ambitious project that could have a major impact on Egypt’s economy and its people. If successful, it could help to create jobs and attract investment, while also protecting the environment and the rights of local people.