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

Al Maqsad New Capital is a new planned city located in Egypt, approximately 25 miles east of Cairo. The project was announced in 2019 by Egyptian President Abdel Fattah el-Sisi, with the goal of creating a new administrative, economic, and cultural center for the country. The project is expected to cost approximately $45 billion USD and is being developed by the China Fortune Land Development (CFLD) Company.

The project is expected to span an area of approximately 70,000 acres and will include residential and commercial districts, a financial center, a technology park, an international airport, an industrial park, and a cultural center. The project is being built to accommodate up to five million people and is expected to create up to one million jobs in the region.

The project is part of a larger plan by the Egyptian government to modernize its infrastructure and create new economic opportunities. In addition to Al Maqsad, the government is also planning to build a new capital city, known as the New Administrative Capital (NAC), which will be located in the eastern desert region of Egypt.

The project is expected to be completed in 2026 and is expected to have a positive impact on the economy of Egypt. It is hoped that the project will attract foreign investment and create new job opportunities, as well as boost tourism in the region. The project is also expected to help reduce traffic congestion in Cairo and provide better housing for the growing population.