Shop for Sale in Atika - New Capital By New Plan - Delivery Year 2026

Atika New Capital City is a project that the government of Egypt has recently unveiled to create a new capital city in East Cairo, situated between Cairo and Suez. The planned city is intended to be a hub for economic, cultural, and political activities in the Middle East. The New Capital City will be located on over 700 square kilometers of land and will provide over a million jobs. The population of the city is estimated to reach 5.5 million residents by 2030.

The project is being developed on a Public-Private-Partnership (PPP) basis and is expected to cost $45 billion. The main development partners of Atika New Capital include the Arab Fund for Economic and Social Development, International Financial Corporation, Islamic Development Bank, Abu Dhabi Investment Authority, Kuwaiti Development Fund, Qatar Investment Authority and China’s Silk Road Fund.

The project plans to provide jobs to over 1 million people, with the government of Egypt aiming to create 2 million jobs by 2030. The city will play a crucial role in the growth of Egypt’s economy, with the government eyeing a GDP growth rate of 10% annually within the first five years of the development.

The new city will be home to high-tech industries, research and development centers, innovative projects, and educational institutions. It will also provide state-of-the-art healthcare facilities, recreational activities and a smart infrastructure that utilizes modern technologies such as renewable energy and artificial intelligence.

Atika New Capital City is an ambitious project that will enable the Egyptian government to push for more inclusive economic growth and greater job creation. It is also estimated to contribute 6% of the country’s total GDP by 2030. The project is set to become a regional hub of trade, culture, investment, education, and innovation which will benefit Egypt and the entire region.