Mostakbal City is a new urban development located in the desert region of Egypt, just outside of Cairo. It is the largest project of its kind in the country and is expected to become a major hub for economic, social and cultural activities.

The city is being developed by IL BOSCO, an Italian company that specializes in urban planning and development. The project is estimated to cost around $3 billion and is expected to be completed by 2020. The city is planned to include residential, commercial, and recreational areas. It will also feature a university, a hospital, and a shopping mall.

The city is located in a desert region and is expected to be a self-sustaining city, with its own electricity, water, and waste management systems. It is also planned to feature green spaces and parks, as well as a transportation system that will connect it to Cairo.

The project has been met with some criticism, as some fear that it will lead to increased water and energy consumption. However, IL BOSCO has stated that the city will be designed to be energy efficient and sustainable.

Overall, Mostakbal City is an ambitious project that could have a significant impact on Egypt's economy and development. It is expected to create thousands of jobs and provide a boost to the local economy. It is also hoped that it will attract foreign investment and help to modernize the country.