Venia New Capital is a new city being built in Egypt, located on the eastern side of the Nile River. It is the first of its kind in the country and is expected to become a major economic hub in the region.

The project was announced by the Egyptian government in 2016 and is being developed by the Chinese firm, China Fortune Land Development Co., Ltd (CFLD). The city is planned to cover an area of over 30 square kilometers, with a population of over 600,000. It will be a modern, integrated city, with a range of residential, commercial, and leisure facilities.

The city will have a range of modern amenities, including a shopping mall, a business district, and a cultural center. It will also have a range of green spaces, including a park, and an artificial lake.

The city is expected to create over 200,000 jobs, and attract over $10 billion in foreign investment. It is also expected to help boost Egypt's economy by providing a new source of income and foreign investment.

The project is expected to be completed by the end of 2021. It is hoped that this new city will be a model for other cities in the region, and help Egypt to become a major economic hub in the Middle East.