Real estate investment in the new administrative capital has become one of the most important investments in Egypt, as the new administrative capital is the front of Egypt now, which many investors are heading to because it is one of the most important areas with high investment returns in the Middle East where the projects in the new administrative capital vary between residential, administrative, commercial and medical projects, which diversifies investment opportunities in many fields.
Advantages of investing in the new administrative capital
When thinking about real estate investment, it is necessary to choose the place that increases the interest rate with the passage of time, and the new administrative capital is one of the most appropriate places in which you can invest now, although there are huge projects in the new administrative capital that have been established and the projects that will be established, real estate prices are now very suitable for every investor, and this predicts a promising future in investing in the new administrative capital, as it is an ideal choice for businessmen and investors to start huge projects, the government has facilitated procedures and services for investors to start their projects.
Where an area of 170000 acres has been allocated for the establishment of the new administrative capital east of Cairo, due to its distinguished location and its proximity to the Suez Canal area, regional roads and main axes and about 40 acres were allocated in the first phase only to establish a number of various administrative, commercial, residential and medical projects.
Reasons to invest in the new administrative capital
The new administrative capital consists of the southern axis of Mohammed bin Zayed, a conference center, an exhibition city, an entire government district, a residential neighborhood, a medical city, a sports city, a central park and the smart city, the new administrative capital also contains a large central park with an area of 8 km and extends from the beginning of the capital at the Al-Fattah Al-Alim Mosque to its end.
The first phase of the new capital will be built on an area of 10000 acres. It is planned that the first phase will accommodate an equivalent of one million people, as the Ministry of Housing plans to establish 25000 housing units in residential neighborhoods.
The government district consists of 18 ministerial buildings and a building for the Presidency. The headquarters of the Ministries of Health, Housing, Education, Supply, Military Production, Justice, Parliament building and the Cabinet building will be moved next to the Presidency of the Republic building.
The importance of investing in the administrative capital
The new administrative capital has the largest financial and business district in the Middle East, and it also has an embassy district, a government district with a new presidential palace, and the central business district and it consists of the financial and business district and the ministries area.
It also has a House of Representatives, a Cabinet, a city for international exhibitions, and a conference city with large conference halls.
It has a city of knowledge and technology, a smart city with universities, scientific research centers and factories to implement scientific research projects and also has the Capital Power Station, which is one of the largest stations in the world.
And it has a new international airport “Capital Airport” and a tower area that will have two of the tallest ten towers in the world. The new administrative capital will be linked to the Suez Canal axis development project through axes and tunnels.
The administrative capital project is a historic shift in Egypt and its transformation into a leading political, economic and cultural center throughout the Middle East through its support for huge environmental and economic projects. It works to restore the Middle East to its prosperous economic situation, adopting the concept of sustainable development, while preserving the historical assets, the Egyptian Pharaonic culture, and the distinctive nature that characterizes the city of Cairo.
Reasons to live in the new administrative capital
The new administrative capital has advantages that are not found in the rest of Egypt’s cities and is represented in its combination of the technology of the first world countries while preserving the Egyptian assets. The new administrative capital is also characterized by a strategic location, as it is located on the borders of Badr City between the Cairo-Suez and Cairo-Ain Sokhna roads, and it is located directly after New Cairo, Madinaty and Mostakbal City. As the location of the capital is one of its most important features, as it is 65 meters away from Ain Sokhna, Suez, and central Cairo areas, and the infrastructure of the new administrative capital has been taken into account and is characterized by high efficiency to facilitate living in it.
The new capital is also characterized by its picturesque nature and the presence of green spaces extending from the beginning of the capital to its end. It is called the Green River, with an area of 1000 acres and extending to 10 km, in the first phase only, and the first model was already built on an area of 7 acres.
The Egyptian Opera House, a number of theaters, cinemas, and Dar Al-Fonon will also be established, and they will witness a radical change in the architectural design of these facilities. The first integrated global medical city and an international center for conferences and exhibitions will be built in order to hold many international conferences there.
There are 8 residential neighborhoods from R1 to R8, including investment neighborhoods for real estate development companies, including neighborhoods belonging to the Urban Communities Authority with the most luxurious residential units, villas, townhouses, apartments, and others.
The importance of investing in the administrative capital
The new administrative capital will also be linked to all cities and governorates of Egypt through the high-speed electric train, and there is also a monorail itinerary, which will be a means of transportation within the capital and Greater Cairo. The capital will be connected to all railway networks in Egypt, and the streets of the new administrative capital are characterized by their large area, where the street area reaches 130 square meters, which leads to the absence of traffic jams.
About 3500 employees of the Ministry of Finance will be transferred to the new administrative capital by March 2020 after receiving their units in the government district in January 2020 and the Ministry of Awqaf and Islamic Affairs plans to move 40 percent of its public office employees to the new administrative capital.
As the administrative capital includes all the financial, administrative and commercial centers that serve the city, as well as its good architectural design that separates the residential and industrial areas so that its residents enjoy calm and comfort
