5 Bedrooms Villa for Sale in Al Maqsad New Capital By City Edge Developments - Delivery Year 2023

Al Maqsad New Capital is an ambitious project that is being developed by the Egyptian government to create a new capital city in the country. The project is expected to cost around $45 billion and will encompass an area of 45,000 acres in the desert east of Cairo.

The project was announced in 2017 and is expected to be completed by 2022. It will include a variety of components, including a business district, residential areas, a new airport, a central park, a technology park, and a number of other amenities.

The new capital city is intended to reduce the population density of Cairo and create a new economic hub in Egypt. The project is expected to create 1.5 million jobs and attract foreign investment. It is also expected to reduce pollution levels in Cairo, which is currently ranked as one of the most polluted cities in the world.

The project has been met with some criticism, as some argue that it is a waste of money and resources, and that the money could be better spent on improving the country's existing infrastructure. Others argue that the project will help diversify Egypt's economy and create new opportunities for citizens.

The project is being overseen by a government agency, Egypt's Administrative Capital for Urban Development (ACUD). The agency is responsible for the planning and development of the new capital city. The project is currently in the design phase, but construction is expected to begin soon.