iCity New Cairo is an ambitious real estate project located in the heart of Egypt's capital city. The project is being developed by the iCity New Cairo Development Company, a joint venture between the Egyptian government and private investors.
The project is designed to create a modern, self-contained city that will provide a range of residential, commercial, and recreational facilities. It will feature a mix of high-rise apartment buildings, villas, and townhouses. There will also be a variety of retail outlets, restaurants, and entertainment venues.
In addition, the project will include a number of green spaces, including a golf course and a large park. The project is also designed to be energy-efficient, with the use of solar panels and other renewable energy sources.
The project is expected to create about 20,000 jobs and to attract up to one million visitors annually. It is also expected to generate up to $1 billion in annual revenue.
The project is part of the Egyptian government's plan to modernize its capital city. It is also seen as a way to attract foreign investment and to boost the local economy.
Construction on the project is expected to begin in 2021 and be completed by 2025. The project is estimated to cost around $3 billion.