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Egyptian Government To Build New Capital

The Egyptian government has announced plans to build a new capital to the east of the present Cairo. Housing Minister, Mostafa Madbouly, said the project … Continue reading Egyptian Government To Build New Capital


egyptianThe Egyptian government has announced plans to build a new capital to the east of the present Cairo.

Housing Minister, Mostafa Madbouly, said the project would cost $45 billion (£30bn) and take five to seven years to complete.

The Minister said the aim was to ease congestion and overpopulation in Cairo, over the next 40 years. The announcement was made at an investment conference that aims to revive the Egyptian economy.

The gathering, in the Red Sea resort of Sharm el-Sheikh, attracted pledges worth $12 billion (£8bn) in aid and investment from Kuwait, Saudi Arabia and the United Arab Emirates.

Mr Madbouly said the population of greater Cairo, estimated at about 18 million, was expected to double within 40 years.

The Egyptian parliament, its government departments and ministries, as well as foreign embassies, would move to the new metropolis, Madbouly said.

“We are talking about a world capital,” he added.

Developers say the new city, of which the name has not been revealed, would include almost 2,000 schools and colleges and more than 600 healthcare facilities. The project would create more than a million jobs.

It is planned to be built over 700 sq km (270 sq miles) and house about five million residents.