Midtown New Cairo is a new residential and commercial development located in the Egyptian capital of Cairo. The project is being developed by the Egyptian government and is located in the eastern part of the city, near the Cairo International Airport. The project is part of the government's plan to create a modern, vibrant city that will be a major hub for business, culture, and entertainment.
Midtown New Cairo is the largest development of its kind in Egypt, covering an area of more than 1.5 million square meters. It consists of four main components: residential, commercial, leisure, and entertainment. The residential component will include apartments, villas, and townhouses, while the commercial component will include shopping malls, office buildings, and other commercial properties. The leisure component will include parks, sports facilities, and other recreational activities. Finally, the entertainment component will include cinemas, restaurants, and other entertainment venues.
The project is expected to be completed by 2020 and will cost approximately $5 billion. It is expected to create more than 100,000 jobs and will be a major economic boost for the region. The development is also expected to attract more tourists to the area, as well as foreign investors.
Midtown New Cairo is part of the government's effort to modernize the city and create a more vibrant and attractive environment for businesses and residents. It is hoped that the project will help to attract more foreign investment and create a modern, vibrant city that will be a major hub for business, culture, and entertainment.