Vinci New Capital Egypt is an Egyptian real estate development company that is currently building the new capital city of Egypt. The new capital city, known as the New Administrative Capital (NAC), is located 45 kilometers east of Cairo and is the largest construction project in Egypt. The project is estimated to cost $45 billion and will span an area of 7,000 square kilometers, making it the world’s largest urban development project.

The project is expected to provide a major boost to Egypt’s economy by creating up to 1.5 million jobs and generating $4 billion in revenue. It is also expected to attract foreign investment and provide a much-needed boost to Egypt’s tourism industry.

Vinci New Capital Egypt is a joint venture between the Egyptian government and the French construction company Vinci. The company was established in 2020 and is responsible for the development of the new capital city. The project is expected to be completed by 2030 and will include residential, commercial, and industrial areas, as well as a new airport and a business district.

The project is being built in three phases. The first phase is focused on the development of infrastructure, such as roads, water supply, and energy. The second phase will focus on the construction of residential, commercial, and industrial areas. The third phase will focus on the development of a business district, an airport, and other facilities.

The project is expected to provide a major boost to Egypt’s economy and is seen as a key step in the country’s efforts to diversify its economy and reduce its reliance on oil. It is also expected to attract foreign investment and create jobs for Egyptians. The project is seen as a major milestone for Egypt and is expected to become a model for other countries in the region.