Il Mondo New Capital Egypt is a real estate development project located in the New Administrative Capital of Egypt. The project is a joint venture between the Egyptian government and a consortium of international investors. The project is expected to be the largest of its kind in the Middle East and North Africa region, and is estimated to cost up to $45 billion.
The project will include a variety of residential, commercial, and leisure components, as well as a business park, a theme park, a number of hotels and resorts, and an international airport. It is expected to create up to 500,000 jobs and to contribute significantly to Egypt’s economic growth.
Il Mondo New Capital Egypt is expected to provide a variety of benefits to the country, including increased economic growth, job creation, and improved infrastructure. It is also expected to attract foreign investment and to spur the development of other sectors, such as tourism and technology.
The project is being developed by a consortium of international investors, including the UAE-based Emaar Properties, the Saudi-based Al Rajhi Group, and the Egyptian-based El Sewedy Group. The project is expected to be completed by 2022.