Solas New Capital is a new development in Egypt, located in the East Cairo area of the country. The project is a joint venture between the Egyptian government, the Saudi-Egyptian Business Council, and a private developer, Solas Investment. It is a mixed-use development, with residential, commercial, and leisure components.

The development is set to cover an area of over 7,000 acres, making it one of the largest developments in the region. The project will include residential units, shopping malls, hotels, schools, hospitals, and other facilities. The development will also feature a wide range of green spaces, including parks, gardens, and public squares.

The project is expected to create over 50,000 jobs in the area, and it is estimated that it will generate an income of up to $2 billion over the course of its construction. The project is also expected to attract a large number of foreign investors, as it is seen as a gateway to the Middle East.

The project has been met with some criticism, as some believe that it will lead to the displacement of local communities and the destruction of the environment. However, the Egyptian government has promised to take measures to ensure that the project will not have a negative impact on the environment or local communities.

Solas New Capital is set to be completed by 2021, and it is expected to become a major hub for business and leisure in the Middle East. It is seen as a major opportunity for Egypt to attract foreign investment and to become a regional leader in terms of economic development.