Apartment for Sale in Al Maqsad - New Capital By City Edge Developments - Delivery Year 2023

Al Maqsad New Capital Egypt is a new city being built in the desert near Cairo, Egypt. The project was announced in 2017 and is expected to be completed by 2022. The city will be located in the desert between Cairo and the Suez Canal and will cover an area of about 70,000 acres.

The new capital is intended to be a modern, sustainable city that will provide housing, employment, and entertainment for Egypt's growing population. The project is estimated to cost $45 billion and will be funded by the Egyptian government, private investors, and international funding.

The city will feature a range of amenities and services including hospitals, schools, universities, a business district, and a technology park. It will also feature green spaces, parks, and public squares. The city is designed to be a model of sustainability and will use renewable energy sources, smart technology, and green building practices.

Al Maqsad is intended to be a major hub for businesses and international trade. It will provide a base for Egypt's growing technology sector and is expected to become a major center for business and finance.

The project has been met with some criticism due to its cost and environmental impact. Critics have questioned the need for a new capital city and have raised concerns about the potential environmental and social impacts of the project.

Despite these concerns, the project has the support of the Egyptian government and is expected to be a major success. The new city is expected to create jobs, attract investment, and help to diversify Egypt's economy. It is also expected to reduce overcrowding in Cairo and provide a better quality of life for its citizens.