EGP 4,756,440
3 Bedrooms Apartment for Sale in Scenario New Capital By Akam Developments - Delivery Year 2023
Scenario New Capital Egypt is a massive real estate development project in Egypt, located in the suburbs of the country's capital city Cairo. The project is being built by the government-owned New Urban Communities Authority, and is expected to become one of the largest sustainable eco-friendly urban developments in the world.
The Scenario New Capital Egypt project will cover a total area of 170,000 acres, and is designed to house more than six million residents. It is being built with the aim of relieving some of the pressure on Cairo, which currently has a population of around 20 million people, and is one of the most densely-populated cities in the world.
The development will include a wide range of residential, commercial and recreational facilities, as well as transportation infrastructure such as roads, bridges, tunnels and public transportation systems. It will also feature a number of green spaces and parks, as well as facilities for sports, entertainment and leisure.
One of the main goals of the Scenario New Capital Egypt project is to create a sustainable and environmentally-friendly city, using advanced technologies and innovative design concepts. The development will feature a range of energy-efficient buildings, as well as renewable energy sources such as wind and solar power. It will also incorporate smart city technologies, such as digital connectivity, smart sensors and data analytics.
In addition to the environmental benefits, the Scenario New Capital Egypt project is also expected to have significant economic benefits for the country. The development is expected to create thousands of new jobs, both during the construction phase and in the long term, as businesses and services move to the new city. It is also expected to attract significant foreign investment, which will help to boost Egypt's economy.
The project has faced some criticism, particularly from residents of existing suburban areas, who fear that the development will lead to further urban sprawl and worsen traffic congestion in the surrounding areas. However, supporters of the project argue that it will provide much-needed housing and infrastructure for Egypt's growing population, and help to alleviate some of the pressures on Cairo.
Overall, the Scenario New Capital Egypt project represents a significant investment in Egypt's future, and is likely to have a major impact on the country's economy and quality of life. While there are certainly risks and challenges associated with such a massive development, the potential benefits are too great to ignore. As such, the project is likely to continue to gather support and momentum in the years to come.