EGP 3,500,000
Apartment for Sale in Al Maqsad - New Capital By City Edge Developments - Delivery Year 2023
Al Maqsad New Capital is a planned modern city in Egypt, located in the desert region of Alamein. The city is part of the larger New Administrative Capital of Egypt and is set to become the new governmental and financial hub for the country. It was announced by President Abdel Fattah el-Sisi in March 2017, with plans for the city to be completed within seven years.
The project is estimated to cost $45 billion USD and will feature many ambitious components including 22 residential districts, 464 schools, 100 hospitals, mosques, churches, sports venues, shopping malls, and a business district. The city also aims to set new standards of sustainability, with clean energy technologies and an integrated smart transportation system.
In order to make the project possible, the government has implemented large-scale relocation of local communities, which has raised concerns among humanitarian groups. The government has promised to provide these communities with development opportunities, education and vocational training, and new infrastructure.
The completion of the project is expected to bring significant economic growth to the country and will make a huge impact on its citizens. Al Maqsad New Capital is a bold step towards modernity and is sure to put Egypt at the forefront