EGP 4,756,440
3 Bedrooms Apartment for Sale in Scenario New Capital By Akam Developments - Delivery Year 2023
The new capital city of Egypt, also known as "Scenario New Capital," is a project that aims to provide a fresh start for the country's overcrowded and polluted capital, Cairo. The development, which began in 2015, is located about 45 kilometers east of Cairo, on a site that spans over 700 square kilometers.
The vision for the new capital is to create a modern metropolis that will be globally competitive, environmentally sustainable, and will meet the needs of a rapidly growing population. The development will house government offices, universities, hospitals, and other institutional buildings, as well as residential areas, commercial districts, and leisure facilities.
One of the most significant features of the new capital is its focus on sustainability. The city is designed to be a low-carbon, eco-friendly metropolis that uses renewable energy sources, green spaces, and efficient transport systems. It aims to be a showcase for sustainable urban development in the Middle East and North Africa region.
Another critical aspect of the development is its emphasis on technology and innovation. The new capital is being designed to be a smart city, with cutting-edge technology integrated into every aspect of daily life. This includes energy-efficient buildings, smart transportation systems, and the use of advanced technologies such as artificial intelligence and the Internet of Things (IoT).
The development of Scenario New Capital is being carried out by the government-owned Administrative Capital for Urban Development (ACUD) company. It is expected to be completed in several phases over the next decade, with the first phase scheduled for completion in 2022. When finished, the city is expected to have a population of approximately six million people.
Despite the ambitious plans for the new capital, the project has not been without controversy. Critics have pointed out that the development is costly, with some estimates putting the total cost at around $45 billion. There are also concerns about the displacement of local communities from the area, as well as the potential impact on nearby natural habitats.
In conclusion, Scenario New Capital is an ambitious project that aims to create a sustainable, cutting-edge city that will meet the needs of Egypt's growing population. While there are valid concerns about the cost and potential impact on the local community and environment, the project may ultimately bring tangible benefits to the region in terms of economic development and progress