Talah New Capital is a new city being developed in Egypt, located in the desert east of Cairo. It is the first of its kind in Egypt and is expected to become a new hub for business, technology, and culture. The city was announced in March 2019 by Egyptian President Abdel Fattah el-Sisi and is being developed by the Egyptian government in partnership with the UAE’s Capital City Investment Company.

The new capital is expected to be a fully-fledged city with a population of 5 million people, an international airport, and a financial district. It will also have a range of cultural attractions, including a theme park, a zoo, and a museum. The city is being designed to be sustainable, with renewable energy sources and an emphasis on green spaces.

The city is part of the Egyptian government’s plan to diversify its economy and attract more foreign direct investment. It is expected to create up to 1.5 million jobs and contribute up to 3.5 percent of Egypt’s GDP by 2030.

The project is estimated to cost around $45 billion and is being funded by a combination of public and private investment. The government is also offering incentives to attract businesses to the city, including tax breaks and subsidies.

The development of Talah New Capital is seen as a major step forward in Egypt’s economic development and is expected to have a positive impact on the country’s economy. It is hoped that the city will become a major hub for business, technology, and culture in the region.