Nile Development New Capital Egypt has announced the construction of a new business compound in the heart of the country's New Capital. The compound, named Nile Business City, will be a state-of-the-art facility designed to attract both local and international businesses.

Located in the New Administrative Capital, which is being developed from scratch just outside of Cairo, Nile Business City offers immediate access to the city's prime transportation networks, including the new Cairo International Airport, the New Capital Airport, and several main highways.

Spanning over one million square meters, the compound is set to feature a variety of commercial, residential, and entertainment facilities, including offices, hotels, conference centers, commercial spaces, a shopping mall, and recreational areas.

The compound is being developed as part of the Egyptian government's strategic plan to establish the New Administrative Capital as a new hub for business and finance in the region. The area is expected to provide thousands of job opportunities for Egyptians, while at the same time attracting international investment to boost economic growth.

Speaking on the prospects of the new compound, Sherif Moustafa, CEO of Nile Development New Capital, said, "We are delighted to launch such an ambitious project that will shape the landscape of the New Administrative Capital. Nile Business City is set to attract large investments from local and international businesses, and we aim to create a world-class environment that will cater to a wide range of clientele."

The construction of Nile Business City is set to commence this year, with the first phase of the project scheduled to be completed by 2023. The initial phase will include a variety of office spaces, conference centers, hotels, and commercial spaces. The entire project is expected to generate over 40,000 job opportunities in Egypt.

In conclusion, the Nile Business City is set to be a game-changer for Egypt's economy, providing a prime facility that will cater to businesses across the country and abroad. Its proximity to the country's main transportation networks is a significant advantage, while its various facilities will ensure that businesses have everything they need to thrive. The project will undoubtedly lead to significant economic growth and has a considerable positive impact on the country in the coming years.