Yaru New Capital Egypt is an ambitious project that aims to create a new capital city in Egypt. The project was announced in March 2015 by the Egyptian government, and is being developed by China Fortune Land Development Co. Ltd. (CFLD). The new capital city is being built on an area of about 700 square kilometers, located 45 kilometers east of Cairo.

The project is estimated to cost up to $45 billion and will include a number of new features such as a business and financial district, a government district, a residential district, an international airport, a medical city, and a technology park. The project also aims to create up to 1.1 million jobs and will become a major hub for international trade.

The project is expected to be completed by 2022 and will include a number of green initiatives, such as the use of renewable energy sources and the promotion of green building standards. The project is also expected to improve the quality of life in Egypt, with the new capital city providing a higher standard of living and better infrastructure than the existing cities.

The Yaru New Capital Egypt project is part of a wider program of economic reform and development in the country, and is seen as a sign of Egypt's commitment to modernizing its economy. The project is likely to be a major boost for the Egyptian economy, and could help to attract foreign investment to the country.