iCity New Cairo is a new urban development located in the outskirts of Cairo, Egypt. The project was launched in 2018 and is still under construction. The development is situated between Cairo and the Suez Canal and is expected to be completed by 2024.
The development is an integrated city that will encompass a variety of residential, commercial, and recreational spaces. It will include a business district, a shopping mall, a university, and a medical center. The development will also feature a variety of green spaces, including parks, gardens, and playgrounds.
The project is being developed by iCity, a joint venture between the Egyptian government and a private developer. The government is providing financial and infrastructure support, while the private developer is responsible for the design and construction.
The project is expected to create up to 20,000 jobs and will include a variety of housing options, ranging from affordable housing to luxury apartments. It is also expected to attract a variety of businesses, including technology and IT companies, as well as international companies.
The development is part of a larger effort to modernize Cairo and create a more livable city. It is expected to provide a much-needed boost to the economy, as well as attract more tourists and foreign investment. It is also hoped that the project will help reduce poverty and improve the quality of life for residents.