Scene 7 New Capital Egypt is a large-scale development project that is currently underway in the outskirts of Cairo, Egypt. The project is a joint venture between the Egyptian government and a consortium of international investors and is intended to create a new capital city for Egypt.

The project is being developed in two phases. The first phase will involve the construction of a new administrative and business district, which will include a range of public and private sector offices, residences, and other facilities. The second phase will involve the construction of a new residential district, which will include a range of housing options, as well as retail and leisure facilities.

The project is expected to cost around $45 billion and will be funded through a combination of public and private sector investment. The project is expected to create around 1.5 million jobs and will be a major boost to the Egyptian economy.

The new capital is intended to be a symbol of modernity and progress and is expected to attract foreign investment and business. It will be a hub for technology and innovation and will also be a major centre for international events and conferences.

The project is being supported by a number of international organisations, including the World Bank, the International Monetary Fund, and the United Nations. The project is being overseen by the Egyptian government and is expected to be completed by 2022.

The project is expected to have a major impact on the Egyptian economy, with the new capital expected to contribute around $90 billion to the country’s GDP by 2030. It is also expected to help reduce unemployment and create new opportunities for economic growth.