Apartment 2 Bedrooms for Sale in OIA - New Capital By Edge Holding

OIA New Capital, formerly known as East Cairo Development, is a mega project located in Egypt. The project was launched in 2017 and has since gained popularity both within and outside the country. The project, which is being developed by the Egyptian government, is aimed at decongesting Cairo, reducing pollution, and creating job opportunities for the youth.

The OIA New Capital project covers an area of approximately 700,000 acres and is located about 45 km east of Cairo City Centre. The project is being executed in phases, with the first phase expected to be completed in 2022. The development will house various facilities, including governmental offices, residential apartments, hotels, business parks, commercial establishments, and recreational facilities.

One of the primary objectives of the OIA New Capital project is to transfer the seat of government from Cairo to the new capital. The administration's decision to shift the capital was based on the need to resolve the infrastructure and environmental problems faced by Cairo. The move is expected to reduce traffic congestion, reduce air pollution, and improve the quality of life of the city's residents.

The new capital city will have a highly advanced transportation system that includes a multi-lane highway, a high-speed railway line, and an electric train system. Additionally, the city will have modern hospitals, international schools, and universities, making it a hub for education and medical tourism.

The development project will also prioritize renewable energy, with solar panels being installed in public spaces and commercial establishments. The city's management is keen on ensuring that the development is sustainable and eco-friendly, prioritizing green-friendly construction techniques and designs.

The project has drawn significant interest from private investors within and outside Egypt. Several multinational companies have expressed their interest in investing in the new capital, with some having already committed funds to the project. The government's vision for OIA New Capital is to create a smart city that will be a model for sustainable living in Egypt.

In conclusion, the OIA New Capital project is a game-changer for Egypt, offering a solution to the congestion, pollution, and inadequate infrastructure in Cairo. The project will create job opportunities while providing a platform for private investors to contribute to the development of the country. Egypt's vision for OIA New Capital is one that prioritizes a sustainable future, and it will be interesting to see how the development progresses over the coming years.