Apartment 164m for sale in Rivan New Capital

Apartment for Sale in Rivan - New Capital

2
Reference: GB46980
EGP 4,280,000
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 4,280,000 Installment
Price / Sqm:
EGP 26,097 Per Sqm
Finishing Status:
Super Lux
Area:
164 M2
No of Floors:
Bathrooms:
2
Delivery Date:
2025
Allowable height:
Last Updated:
Mon 22 May 2023

Rivan New Capital is a new city located in the Cairo Governorate, Egypt. It is being developed by the Egyptian government as a major satellite city in the Cairo metropolitan area. The project is being developed by the Ministry of Housing, Utilities, and Urban Communities, with the aim of providing housing and jobs for the growing population of the Cairo metropolitan area.

Rivan New Capital is planned to be a self-sustaining city, with a population of around 5 million people when completed. The city will include residential, commercial, and industrial areas, as well as educational and healthcare facilities. It will also feature a new airport, a business district, a central park, and a number of cultural and recreational facilities.

The project is currently in the early stages of development, with construction expected to begin in 2021. The city will be built on an area of around 70,000 hectares, and is expected to be completed in 2026. The project is estimated to cost around $45 billion, and will be funded by the Egyptian government, private investors, and international financial institutions.

Rivan New Capital is part of the larger Egyptian government's plan to develop new cities in the country. It is expected to help alleviate the overcrowding in Cairo, and provide much-needed housing and job opportunities for the population. It is also expected to help boost the economy of the region, as the city will provide a variety of services and businesses.

The project has already attracted the attention of many international companies, including Microsoft and Siemens, who have expressed interest in investing in the project. The city is expected to be a major hub of economic activity in the region, and will be a major driver of growth in the Egyptian economy.