La Capitale New Capital Egypt is a new development project that is being undertaken in Cairo, Egypt. The project is a joint venture between the Egyptian government and a private real estate developer, Capital City Partners. The project is expected to cost around $45 billion and will create a new city within Cairo’s existing metropolitan area.

The project is intended to help alleviate Cairo’s overpopulation and traffic problems. It will provide housing for up to five million people and will include a large business district, a financial center, and a variety of other amenities. The project will also include a new international airport, a new railway system, and a new port.

The project is expected to create hundreds of thousands of jobs and will significantly boost Egypt’s economy. It is also expected to attract foreign investment, as well as provide a new destination for tourists.

The project has been met with some resistance from local activists, who are concerned about the potential environmental impacts of the project. However, the Egyptian government has stated that it is committed to ensuring that the project is environmentally friendly and will be conducted in an environmentally responsible manner.

The project is expected to be completed by 2022 and will be a major boost for Egypt’s economy. It is hoped that the project will help improve the quality of life for all Egyptians, as well as provide a new destination for tourists.