OIA New Capital is a new city being developed in Egypt. It is located in the desert on the eastern edge of Cairo and is expected to become a major hub for business, technology, and culture. The city is being built on an area of over 280 square kilometers and will be home to over 5 million people.
The city is being built with the goal of becoming a global hub for business, technology, and culture. It will include a new airport, a financial district, a medical city, and a research and development center. The city will also feature a variety of residential areas, parks, and entertainment facilities.
The project is being led by the Egyptian government and is being funded by a variety of private investors. The goal is to create a modern city that will attract businesses, investors, and tourists from around the world. The city will also provide employment opportunities for locals and create a vibrant economy.
The project is expected to take 10 years to complete and will cost an estimated $45 billion. The government is hoping that the city will attract foreign investment and create jobs for locals. The city is also expected to become a center for innovation and creativity.
The project has been met with some criticism, with some people concerned about the environmental impact of the city. However, the government has promised to take measures to reduce the environmental impact and ensure the city is sustainable.
The city is expected to be completed in 2028 and is set to become a major hub for business, technology, and culture. It is hoped that the city will become a model for other cities around the world.