Sun Capital, Egypt's first solar-powered city, is currently in its final stages of development. The city is a joint venture between Arabia Investments Holding and the Egyptian government, with an aim to reduce the country's reliance on fossil fuels.

The project, located west of the capital Cairo, is spread over an area of 10 million square meters and is expected to house around 50,000 residents.

The city's infrastructure will be powered entirely by solar energy, with the aim of producing 90% of its electricity needs by solar panels. Sun Capital will also feature schools, hospitals, shopping centers, sports facilities, and a cultural center.

The development is attracting significant interest from both domestic and international investors, with the Egyptian government offering several incentives, including tax cuts and land-use exemptions, to attract investment.

The project's success will have a significant impact on Egypt's economy, reducing its reliance on imported fossil fuels and decreasing its carbon footprint, in line with the country's commitment to reducing greenhouse gas emissions.

Moreover, Sun Capital has the potential to further boost Egypt's tourism industry through its cultural center, which will showcase Egyptian art and culture, and draw visitors from around the world.

The project has faced several challenges, including delays caused by the COVID-19 pandemic and concerns over the availability of funding. However, the government and investors remain committed to the project and are confident of its success.

In conclusion, Sun Capital is a game-changer for Egypt's energy sector, and its success has the potential to impact several aspects of the country's economy.