The Sky Bridge New Capital Egypt is a proposed project to create a new capital city in Egypt. The project, announced in March 2015 by Egyptian President Abdel Fattah el-Sisi, seeks to create an entirely new administrative and business hub for the country. Located in the desert 40 km east of Cairo, the planned capital is expected to accommodate up to five million residents and provide jobs for as many as seven million people. The new capital will be a hub for public and private sector investments, with the aim of developing Egypt’s economy, attracting foreign businesses and increasing trade and tourism. The project will include new housing, transportation systems and utilities, as well as financial and educational institutions. The project is estimated to cost between $45 billion and $90 billion and is expected to be completed by 2022. The project has been met with both optimism and criticism from various international and Egyptian stakeholders. The Egyptian government hopes that the project will help promote economic development and attract foreign investment. However, some analysts have expressed skepticism about the potential success of the project, citing environmental and logistical concerns.