5 Bedrooms Villa 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 just outside Cairo, Egypt. The project is part of the government’s plan to create a new administrative capital for the country.

The project is being developed by the New Urban Communities Authority (NUCA), a government body that is responsible for the development of new cities in Egypt. The project is estimated to cost $45 billion and is expected to be completed by 2022.

The city is planned to be a modern, green city with a population of 7 million people. It will feature a new airport, a financial district, and a high-tech business district. The city will also have a number of parks, green spaces, and cultural and entertainment venues.

The project is expected to create hundreds of thousands of jobs and provide a much needed boost to the Egyptian economy. It is also seen as a way to reduce the population pressure on Cairo, which is one of the most densely populated cities in the world.

The project has been met with some criticism, however, as some are concerned about the environmental impact of the project. In addition, there are fears that the city will become an exclusive enclave for the wealthy and that it will be disconnected from the rest of Egypt.

Despite these concerns, the project is moving forward and is expected to be completed in the next few years. When completed, Al Maqsad New Capital Egypt will be a modern, vibrant city and a major economic hub for the country.