Apartment 158m for sale in The City New Capital

3 Bedrooms Apartment for Sale in The City New Capital

3    2
Reference: GB101233
EGP 1,655,500
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 1,655,500 Installment
Price / Sqm:
EGP 10,477 Per Sqm
Finishing Status:
Semi Finished
Area:
158 M2
No of Floors:
Bedrooms:
3
Bathrooms:
2
View:
Land Space
Price:
EGP 1,655,500
Down Payment:
EGP 765,000
Year Built:
6
Allowable height:
Last Updated:
Tue 23 May 2023

Egypt is a country that is known for its rich history and ancient civilization, but it is also making waves in modern times with the development of new cities. One of these cities is The City New Capital, which is a massive compound that is being built near Cairo.

The City New Capital is a new administrative capital city that is being built to replace Cairo as the capital of Egypt. It is being designed to be a smart city that is environmentally friendly, technologically advanced, and sustainable. The project is part of Egypt's plan to develop new cities to accommodate its growing population and improve the country's economy.

The City New Capital is located about 45 kilometers east of Cairo and is expected to cost around $45 billion to complete. It is being developed by a consortium of Chinese state-owned companies and Egyptian firms.

The project will cover an area of about 700 square kilometers and will include residential areas, commercial zones, administrative and government buildings, cultural and entertainment facilities, and transportation networks. The city will also have a central park that will be about four times the size of New York's Central Park.

One of the key features of The City New Capital is its transportation network, which is being designed to be integrated and efficient. The city will have a metro system, a monorail, and a high-speed railway that will connect it to other parts of the country. There will also be a network of electric buses and bike-sharing facilities.

Another important aspect of the project is its focus on sustainability. The city will use renewable energy sources such as solar power and wind power to reduce its carbon footprint. It will also have a system for recycling waste and conserving water.

The City New Capital is expected to create about 1.5 million jobs and generate significant economic growth for Egypt. It will also provide much-needed housing for the country's growing population and modern administrative facilities to improve the efficiency of government services.

However, the project has faced some criticism from human rights groups who have raised concerns about the displacement of families and communities that were living in the area where the city is being built. There have also been concerns about the lack of transparency around the project and the Chinese involvement in its development.

Despite these concerns, The City New Capital is still moving forward and is expected to be completed in the next few years. It is a massive undertaking that could transform Egypt's economy and provide a new vision for sustainable and efficient urban development in the region.