Mirage City New Cairo is a new development located in the outskirts of Cairo, Egypt. The development is a mixed-use project that includes residential, commercial, and entertainment components. It is the first of its kind in the country, offering a unique concept of a “city within a city.”

The project was conceived by the Egyptian government in order to create a new urban hub in the desert. The development is situated on an area of over 5 million square meters, and is expected to be completed by 2021. It is expected to become a major economic hub for the region, and will include a variety of shops, restaurants, entertainment venues, and other amenities.

The project is being developed by a consortium of investors and developers, including the government of Egypt, the Abu Dhabi Investment Authority, the Dubai-based Emaar Properties, and the Saudi-based Kingdom Holding Company. The development is expected to cost around $4 billion.

The development will feature a variety of residential units, ranging from villas, apartments, and townhouses. It will also include an international school, a medical center, a business park, and a shopping mall. In addition, the project will feature a variety of leisure activities, such as a golf course, a theme park, and a water park.

The development is expected to become a major tourist destination, as it is located close to the Pyramids of Giza, the Great Sphinx, and the Cairo International Airport. It is also expected to create thousands of jobs in the region.

The project is expected to be a major boost to the Egyptian economy, as it is expected to attract both foreign and domestic investment. It is also expected to bring in more tourists to the region, creating an influx of revenue for the country.

Overall, Mirage City New Cairo is a major development that is expected to transform the region. It will create thousands of jobs, attract foreign investment, and become a major tourist destination. It is expected to be completed by 2021, and is sure to become a major economic hub for the region.