The City New Capital Egypt is a megaproject announced by the Egyptian government in 2015, which aims to create a new administrative capital for the country. Located east of Cairo, the new capital is being built on an area of more than 700 square kilometers, making it one of the largest urban developments in the world.

The project is expected to cost around $45 billion and will include the construction of a new government district, residential areas, business districts, and a number of other facilities. The government has said that the new city will be an "international hub" and a "model for sustainable development."

The project is expected to be completed by 2022 and will be home to up to 5 million people. The city will be divided into five districts, each with its own distinct purpose. The first district will be the government district, which will include the presidential palace, government offices, and other government-related buildings. The second district will be a financial district, which will include a stock exchange, financial institutions, and other business-related buildings. The third district will be a residential district, which will include housing for up to 2 million people. The fourth district will be a business district, which will include offices, commercial buildings, and other business-related facilities. The fifth district will be an industrial district, which will include factories, warehouses, and other industrial-related buildings.

The City New Capital Egypt is expected to generate more than 1.5 million jobs and will be a major driver of economic growth in the country. The government has said that the new city will be a "smart city," meaning that it will use advanced technology and infrastructure to improve the quality of life for its citizens.

The project is part of the Egyptian government's plan to diversify its economy and reduce its dependence on oil and gas. The government has said that the new city will be a "model for sustainable development," and will be built with renewable energy sources and green building technologies. The project is also expected to help reduce traffic congestion in Cairo by providing an alternative to the current transportation system.

The City New Capital Egypt is an ambitious project that could have a significant impact on the future of Egypt. The project is expected to create new jobs, attract foreign investment, and improve the quality of life for its citizens.