The City New Capital Egypt is a massive new development project located on the outskirts of Cairo, Egypt. It is the largest urban project in the Middle East and North Africa, and is being built as a new administrative capital for the country. The project is estimated to cost $45 billion and is expected to be completed by 2022.

The City New Capital Egypt is designed to be a modern, green, and livable city that will host up to 6.5 million people. It will feature a business and financial district, a science and technology park, a medical city, a cultural district, and a residential area. It will also feature a large central park, a sports complex, and a variety of shopping and entertainment options.

The project is being developed by the Egyptian government in partnership with the UAE's Mubadala Investment Company, and is being financed by the Abu Dhabi Fund for Development. The project is expected to create over a million jobs, increase Egypt's GDP by 2.3%, and attract foreign investment.

The City New Capital Egypt is expected to have a positive impact on Egypt's economy, as it will create jobs, increase investment, and attract tourists. It is also expected to reduce Cairo's overcrowding and traffic congestion, as it will provide a new home for many of the city's residents.

The City New Capital Egypt is an ambitious project that is expected to have a lasting impact on Egypt and the region. It is a testament to the country's commitment to modernizing and developing its infrastructure and economy.