La Verde New Capital Egypt is a multi-billion dollar real estate development located in the North East of Cairo, Egypt. The project is located on an area of approximately 4 million square meters and is being developed by La Verde Real Estate Investment Company.
The project is the first of its kind in the country and is being developed in partnership with the Egyptian government. It is expected to become the largest and most advanced real estate development in the Middle East and North Africa region.
The project includes a variety of residential, commercial, and recreational components. The residential component includes luxury villas, apartments, townhouses, and single-family homes. The commercial component includes office buildings, shopping malls, and entertainment centers. The recreational component features a golf course, parks, and other leisure facilities.
The project is expected to create around 100,000 jobs in the region, and provide a boost to the country's economy. It is also expected to attract foreign investment, as well as tourism.
The project is currently in the development phase and is expected to be completed by 2020. It is estimated to cost around $10 billion.
The project is part of the Egyptian government's plan to diversify the country's economy and create jobs in the real estate sector. It is expected to attract foreign investors and contribute to the country's economic growth.