Introduction Talah New Capital Egypt is a massive new development being built in the New Administrative Capital region of Egypt. The project is being spearheaded by Talah Real Estate, one of the largest real estate developers in the country. This article will provide a brief overview of the project and discuss its potential impact on Egypt's real estate market.
Location and Scale Talah New Capital Egypt is located 45 kilometers east of Cairo and covers an area of 5.3 million square meters. The development will include residential, commercial, and administrative buildings, as well as schools, hospitals, and parks. One of the highlights of the project is a massive shopping mall that will cover an area of 300,000 square meters.
Investment and Employment
According to Talah Real Estate, the total investment for the project will be around 45 billion Egyptian pounds (approximately $2.8 billion USD). The company has already begun construction and expects the project to be completed within the next 5-7 years. Once completed, Talah New Capital Egypt is expected to create roughly 70,000 jobs, both directly and indirectly.
Impact on the Real Estate Market Talah New Capital Egypt is a significant addition to Egypt's real estate market. The project has already generated significant interest among investors and is expected to help drive growth in the country's construction industry. The development is also expected to have a positive impact on property prices in the region, as demand for housing and commercial space is expected to rise.
Conclusion Talah New Capital Egypt is a massive project that is set to change the face of the New Administrative Capital region. The project is expected to create thousands of jobs and drive growth in Egypt's construction and real estate industries. As construction progresses, it will be interesting to see how the project impacts the country's economy and real estate market.