Solano New Capital is a proposed new city in Egypt that is being developed by the Egyptian government. The city is planned to be located about 45 kilometers east of Cairo and will be part of the new administrative capital of Egypt.

The project was first announced in 2015 by the then-President Abdel Fattah el-Sisi, who declared it part of his plan to modernize and expand Egypt’s infrastructure. The city is expected to cost $45 billion and will be the largest urban development project in the Middle East and Africa.

The city is intended to be a financial and commercial hub, with a focus on technology, finance, and services. It is planned to have a population of 5 million and will be home to a number of major companies, including Microsoft and Huawei. The city will also include a number of universities, hospitals, and other facilities.

The project is expected to create 1.5 million jobs and attract more than $100 billion in investments. The city is also expected to have a positive environmental impact, with the construction of green spaces and the use of renewable energy sources.

Solano New Capital is expected to be completed by 2022 and will be a major contributor to Egypt’s economy. It is hoped that the city will become a major hub for business and finance in the region and will help to attract foreign investment.