3 Bedrooms Apartment for Sale in Scenario New Capital By Akam Developments - Delivery Year 2023

The New Administrative Capital or Scenario New Capital is a new city that is being developed in Egypt. The city will be located 45 km east of Cairo and will cover an area of 170,000 acres. It is expected to be a hub for administrative and financial activities in the country.

The New Capital project was announced in March 2015 by President Abdel Fattah El-Sisi. The project is part of the government's plan to improve the country's infrastructure and economy.

The city will include government offices, ministries, embassies, residential areas, hotels, and entertainment facilities. The city is being designed to be a smart city with an emphasis on sustainable development. It will be powered by renewable energy sources, and water will be conserved through the use of modern technology.

The project is being carried out by a consortium of Egyptian and Emirati companies, led by Capital City Partners. The cost of the project is estimated to be around $45 billion, with a completion date expected in 2023.

The New Capital project has been met with mixed reactions. Supporters believe it will create job opportunities and help in the development of the country's economy. Critics, however, argue that the project is not a priority and that the government should focus on addressing the country's pressing problems such as poverty and unemployment.

Despite the criticism, construction has been ongoing, and the city is expected to become a key economic and financial hub in Egypt in the coming years. The government also hopes that the project will encourage foreign investment and boost the country's image on the international stage.

In conclusion, the Scenario New Capital is a massive project that aims to create a modern and sustainable city that will serve as the center of the country's administrative activities. While the project has received some criticism, it has also garnered support from those who believe it will contribute to the development of the country's economy. Only time will tell whether the project will be successful in achieving its goals, but it is undoubtedly a major undertaking that holds significant potential for Egypt's future.