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.