Rivan New Capital Egypt is a major development project that is taking place in the desert region of Egypt. It is being led by a consortium of private investors, including major conglomerates from the Middle East and beyond. The new capital intends to be the regional hub for international business, culture, education and tourism. Its main aim is to create a modern, vibrant and interconnected city with world-class infrastructure and services.

The project is expected to cost around US$45 billion, with a projected completion date of 2022. It will encompass an area of over 700 sq km, making it the largest development project in Africa. The construction plans include a series of satellite cities, residential zones, transportation links, business districts, and various other leisure and commercial hubs.

The project has been viewed as a way of diversifying the Egyptian economy and turning it into a more attractive investment destination. Additionally, it intends to create jobs, boost income and reduce poverty in the region. Some of the initiatives being sought to accomplish these objectives include improving financial inclusion and strengthening access to affordable healthcare and education.

The project also carries strong symbolic meaning for the country. By placing itself at the center of such a forward-looking initiative,