Il Mondo New Capital is a new city being built in Egypt, located in the East Cairo area. It is a project of the Egyptian government and is being developed by the New Urban Communities Authority (NUCA). The project is expected to cost around $45 billion and is set to become a major hub for business, finance, and technology in the Middle East.

The project is designed to be an international hub for finance, technology, and entertainment, and will feature a variety of residential and commercial projects. It is expected to be the largest urban development project in the Middle East, with over 6,000 acres of land. The city will feature a number of world-class amenities, including a central business district, a technology park, and a variety of shopping and entertainment centers.

The project is expected to provide employment to over 200,000 people, and it is expected to attract international investors and tourists. The project is also expected to boost the local economy, as it will be a major driver of economic growth in the region.

Il Mondo New Capital is expected to be completed in 2022 and will be a major destination for international visitors. The city is expected to become a major hub for business, finance, and technology in the Middle East, and will provide employment to thousands of people.