Explanation of the New Capital and its revival
In order to develop Cairo into a leading political, cultural and economic Centre for the Middle East and North Africa region through a prosperous economic environment supported by diverse economic activities and sustainable development to ensure the preservation of Cairo's distinctive historical and natural assets and to facilitate its living through efficient infrastructure, the administrative capital east of Cairo has begun to be established. This is because of its distinct location and proximity to the Suez Canal Zone, regional roads and main hubs.
Location of the new capital:-
The new capital is a well-developed city in Egypt, which aims to create many opportunities for housing and employment to address the various issues facing Egypt and to provide a decent and intelligent life in order to adapt to the growth of the population and civilization by welcoming all levels of income and culture in a city that is keeping pace with the ongoing progress of life.
The location of the new capital is the most important of all. It is about 60 km from the hot eye and Suez and from the central Cairo area.
The Engineering plan for the New Capital:-
The area of the new capital is 170.000 acres, equivalent to the area of Singapore. The new administrative capital consists of the Northern Muhammad bin Zayed Assembly, a convention Centre, an exhibition city, an entire government, a residential neighbourhood, a medical city, a sports city, a central city, and a smart city. The capital has an 8km garden.
The population at the completion of the city's growth is 6.5 million, employment opportunities generated by about 2 million jobs.
Phases of the establishment of the new capital:-
Due to the magnitude of the new administrative capital project, the project was divided into three phases:
The first phase:-
The first phase of the project, which was implemented in a few years over 40,000 acres, is about half the size of the current city of Cairo and was built through historical times, reflecting the magnitude of the work carried out in record time. The target population during the first phase is approximately 0.5 million, plus the number of 40 to 50 thousand government employees being relocated at the new headquarters, with capacity planned to increase to 100 thousand after the first three years.
The second phase:-
This phase is located on 47,000 acres. The second phase will have more services, business activities and schools to serve citizens and the capital master plan will ensure integration with projects in the first phase, as well as with areas around the capital. But the neighbourhoods at this point are less than the first.
The third phase:-
The third phase is located on 97,000 acres. The New administrative Capital t is a smart city with the latest technology of the era, and all global technology companies are working with the capital company.
In addition, there are control centers and all services in the capital through a single card in which those living in the capital have access to all services by it. Residents have access to all services with this card besides buying and using all means of transportation in it, so it doesn't need to carry money.
Metre prices in the new capital:-
There are more than 1 million workers working either directly or indirectly in the new administrative capital through 60 Egyptian companies operating the project. The New Capital Project is a promising first-class investment project since the area on which the project was built was desert land and became a significant added value to the national economy.
At the start of the project, the metre was rated at 100 pounds and now stands at 17,000 in some areas after the delivery of facilities and this achievement, and more than 20,000 acres have been sold so far.
The Capital Corporation sells the residential metre at a price of £4,000 to £5,000, and the business at a price of £17,000 per metre for an elevation of up to 7 floors per floor increases by 5% per floor thereafter, explaining that space at a price of up to £40,000 per metre has been sold for towers.
The government district cost only £ 50 billion, of which the government did not pay £1 and was financed from land sales, and the new Administrative Capital Corporation will collect rent from the government when it takes delivery of these facilities and buildings.
Types of neighbourhoods in the new city:-
1- Government neighbourhood:
The government quarter includes 18 ministerial buildings, one parliament building with a capacity for 1,000 deputies, one presidential foundation building and one cabinet building.
2- Residential neighbourhood:
- Housing area accounts for about 67% per cent of the area of the Capital Administrative Project. It includes approximately 285 per cent of housing units for low-income persons, 185,000 housing units for middle-income persons and 15,000 housing units for higher-income classes.
3- Business neighbourhood:
The new capital city includes a whole neighbourhood for financial and business people, a central bank headquarters, stock exchange and headquarters for various domestic and international banks.
Finnaly ,we hope that we have contributed even a small part to explaining the contents of the new capital, which continues to develop and progress day after day, promising a wonderful future for it in the fourth generation cities. Also, in case of inquiries, please contact us
Why should you invest in the capital?
The New Administrative Capital was a large-scale project announced by the government at Egypt Economic Development Conference on March 13, 2015. The new capital lies between the Greater Cairo Province and the Suez Canal Province near the Cairo/Suez road. The New Capital is planned to be the seat of Parliament, the Presidency and key ministries, as well as foreign embassies. The project also includes a major park and an international airport. The project takes place in a total area of 170,000 acres.
The New Capital Features
1- The residential and commercial sector has achieved from 2017 to 2019 very strong sales beyond 100 billion pounds.
2- The New Administrative capital has the advantage of being an area under the full supervision and planning of one executive, The Administrative Capital Corporation, which also has all the real estate development companies in the new administrative capital. The company grants developers all legal permits, starting with the registration of the receipt of the plot of land, the allocation decision, the ministerial decision, the construction permit and other legal documents.
3- The New Capital has about 7,000 surveillance cameras at the highest level.
4- The infrastructure is at the highest level in the capital, with all the sewage, water, electricity and natural gas systems in place.
5- It's also going to run the fifth-generation G5 network, which is the highest network and the highest Internet speed currently in the world.
6- The administrative capital will be home to all foreign embassies in one place, about 1,500 acres.
It has very strong branches of foreign universities that specialize in medical, economic and social sciences.
7- The capital will have a global medical city and also a sport and technological city.
The Best Ways to Invest in the New capital:-
Not every real estate investment left is the investment that's worth it. Investment generally needs to be studied and updated in detail. But sometimes there are clear opportunities for everyone.
Investment in the new administrative capital is now one of the most important investments in Egypt, to which many are headed. There are many ways and forms of investment within the new capital, given the variety of types of projects established there, between residential, administrative and commercial projects, which makes there are diverse investment opportunities, in many areas.
Experts in the area of real estate development are focusing on investment in the capital, in view of the fact that the financial return is only slightly higher than in other places. It creates many opportunities for housing and employment to address the various issues that Egypt faces from unemployment. The project is being carried out in exclusive Egyptian hands, provides more than 1.5 million jobs, reduces traffic and puts pressure on Cairo.
It also contributes to improving the Egyptian economy and improving the standard of living by attracting new investments for the competitive contributions of private sector companies to create housing clusters that suit all levels. This attracts those interested in privileged housing to reserve villas and apartments as well as to invest in businesses.
Companies contributing to The New Capital Project
One of the first companies to come forward to invest in the new administrative capital was Better Home with its outstanding brand name, Midtown, among real estate developers and Amon Company. Everyone is competing in global architectural designs that go hand in hand with the intelligent life that provides all the technological potential of the new administrative capital for all services and transportation.
The types of Commercial projects in The New Capital:-
The new capital includes many businesses that provide another form of investment in the capital and also give you other reasons to invest in The New Capital. As an example of these projects - shops and commercial malls set up in the capital, such as:
The introduction of the New Capital Administrative Project has transformed Cairo into a leading political, cultural and economic Centre in the Middle East and North Africa region; through a prosperous economic environment supported by diverse economic activities and sustainable development; To ensure that the distinctive historical and natural assets of Cairo are preserved and facilitated; Through efficient infrastructure.
When you think about investing, you have to choose the right place, and the administrative capital is one of the best places you can invest in, given the huge projects that have been created, and the projects that will be created, which tells the wonderful future of investing in this place. New Capital in its overall planning, the capital provides a healthy environment that preserves the environment and the individual.
And in conclusion, there are many other reasons why you might invest in the new capital, so for more information, you can contact us.
Why the New Capital is the future of Egypt
The new administrative capital is a new smart city, one of the most innovative investment projects for real estate development in Egypt. This massive construction project is expected to grow from 18 million to 40 million by 2050 and will introduce a new concept of the nature of residential life in Egypt. Because the project raises the curiosity of many investors and real estate seekers, we will present to you the latest news of the new administrative capital in the form of points containing information on the new administrative capital to answer all your questions.
What's the importance of the new administrative capital?
The administrative capital is an urban bridge that creates a political, economic and cultural entity in the Middle East and North Africa region; to provide a prosperous economic climate and infrastructure that is the nucleus of good living and sustainable development.
The location of the new administrative capital is one of the most important features of the capital, which is about 60 km from Ain Sokhna and Suez, as well as from the Centre of Cairo.
What are the latest projects in The New Capital?
1-Al-Fattah Al-Aleem Mosque:-
It's one of the largest mosques around the world, with a total area of 106 acres and a length of 3,150 meters.
(Number of minarets: 4 in the Fatimid style with a length of 95 m (31 turns)
The number of domes is 21 Dome.
2- Central Gardens Project (Capital Park):-
According to the Minister of Housing, the project will be designed for a length of 10 km and 1,000 acres; which will make it one of the biggest parks around the world.
3- The Museum of the Capitals of Egypt:-
Some have called it the New Administrative Capital Museum, which tells the stories of Egypt's capitals throughout history and the reasons for the capital's movement.
The museum is located in the new capital city of Arts and Culture.
It has a main exhibition room with monuments from Egypt's various capitals.
And The New Capital’s projects continue to grow and evolve.
What benefit will Egypt have from the project?
The project is a new quality shift for real estate investment and development in Egypt, particularly as it develops in partnership with investors. The New Capital Project has many advantages, most notably the geographical location of valleys, plateaux and other topography that paints exceptional and unique features.
The New Capital project will serve the development and economic renaissance of the entire country, noting that it will constitute an important strategic turning point that will allow the Egyptian people to move towards their aspirations for a better life, and to advance economic development and renaissance through the development of new housing and work projects.
When did the idea of a new capital start?
The first time that the idea of administrative capital was put forward, it was back in Sadat's time as President between 1970 and 1981 that he was planning to establish an administrative capital that would accommodate the increase in the population in order to solve the problem of congestion in the capital. Al Sadat town was the area that Sadat intended to make a new administrative capital.
Sadat began to move the ministries to the new city, at a cost of 25 million pounds, but the project was unsuccessful owing, inter alia, to the difficulty of transport between it and the home city, which reflected weakness in the planning of the decision prior to its adoption. In response, the proposed ministry buildings were attached to the University of Menofia, and the idea ended in failure and had no economic, traffic or security benefits.
Under former President Hosni Mubarak, a plan had been drawn up to move the square of ministries from the central Cairo region, which included such ministries as education, higher education, health and war production, the Council of Ministers, the Council of Representatives and the Urban Planning Authority, but the plan had not been implemented in the first place.
Latest update on the New Capital Project:-
The countdown to the government's transition to the new administrative capital, built by Egypt within 20 new smart cities classified as "fourth-generation cities," has begun, providing all of the government's mechanized services and incorporating high-level digital systems. Egypt considers the New Capital Project to be the beginning of the announcement of the birth of a "new republic," and would create a surge in government performance and attract more foreign investment, according to Egyptian President Abdel Fattah El - Sisi.
In total, the Egyptian Government targets the relocation of some 50,000 employees to work in the government district of the new administrative capital, in a plan to be implemented in stages, to complete the number with the official opening of the capital, which has not yet been finalized.
