Apartment for Sale in Yaru - New Capital By Atum Global Development - Delivery Year 2026

Yaru New Capital is a new project in Egypt that has been recently announced by the government. It is a large-scale urban development initiative that aims to transform a vast area of desert land into a modern and sustainable city.

The Yaru New Capital project is part of Egypt's ambitious plan to build a new administrative capital that will provide a better quality of life for its citizens and attract foreign investment. The project is expected to cover an area of 170,000 hectares and will be located between Cairo and the Red Sea.

The project will be developed in several phases, with the first phase expected to be completed in 2022. The first phase will cover an area of 30,000 hectares and will include the construction of a central business district, government buildings, residential areas, and various commercial and entertainment facilities.

The Yaru New Capital project is expected to cost around $45 billion and will be financed by a combination of public and private funds. The government of Egypt has already allocated a significant amount of funds for the project, while private investors from the Middle East and Asia have also shown a great deal of interest in the project.

The Yaru New Capital project is also aiming to be a model for sustainable urban development. The city is expected to use renewable energy sources such as solar and wind power and will have green spaces and parks. It will also be equipped with smart infrastructure, including high-speed internet, an integrated transportation system, and advanced security systems.

The Yaru New Capital project has been met with mixed reactions from the public. Some people are excited about the project, especially those who are looking for better job opportunities and a higher quality of life. Others are skeptical, as they believe that the government should focus on improving the conditions in existing cities rather than building new ones.

Regardless of the public’s opinion, the Yaru New Capital project is a significant step towards modernizing Egypt's infrastructure and creating a more sustainable future for the country. The project is expected to create thousands of new jobs and attract billions of dollars in foreign investment, which will be essential for Egypt's economic growth and development.