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

Al Maqsad New Capital is a newly proposed city located in the desert of Egypt, approximately 45 kilometers east of Cairo. The Egyptian government has been planning the construction of the city since 2017, with the intention of relocating many of its citizens from the overcrowded capital. The project is estimated to cost $45 billion and is expected to be completed by 2030.

The new city will be spread over an area of 250 square kilometers, making it the largest city in Egypt. It will be powered by renewable energy sources and will be equipped with a smart grid system. It will have a total of 6,000 residential units, as well as schools, hospitals, and shopping centers. The city will also feature a business district, with a large number of high-rise office buildings.

The project is expected to create up to 1 million jobs and attract a large number of businesses and investors. The city will be connected to Cairo via a high-speed railway, making it easy for people to commute between the two cities.

Al Maqsad New Capital is expected to be a major boost to the Egyptian economy, as it will provide employment opportunities, attract foreign investors, and help to diversify the country’s economy. It is also expected to help reduce the strain on Cairo’s infrastructure, as it will provide an alternative for those who want to live outside of the capital.