Shop for Sale in OIA - New Capital By Edge Holding

OIA New Capital is a new city project located in the desert east of Cairo, Egypt. The project was announced in 2017 by the Egyptian government and is being developed by the state-owned New Urban Communities Authority (NUCA). The project is expected to cost around $45 billion and is planned to be the new capital of Egypt.

The city will be built on a total of 170,000 acres, and is expected to be home to over 6.5 million people. The city will feature a number of modern amenities such as a business district, shopping malls, universities, hospitals, and a variety of residential areas. It is also planned to have an international airport, a rail network, and a metro system.

The project is expected to create 1.5 million jobs and attract foreign investment to Egypt. It is also expected to help reduce overcrowding in Cairo and provide a modern city for Egyptians to live in.

The project is still in its early stages, but the Egyptian government has already begun to make progress. The first phase of the project is expected to be completed by 2022, and the entire project is expected to be completed by 2052.

The project has been met with some criticism, as some have argued that it is too ambitious and could be too costly for the Egyptian government. Others have also argued that the project could lead to environmental damage due to its location in a desert.

Despite the criticism, the project has been praised by many as a potential game-changer for Egypt. It is hoped that the project will help to improve the economy and create new opportunities for Egyptians.