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

Egypt's New Capital city, officially known as the "New Administrative Capital," is a massive compound scenario currently under construction in the desert east of Cairo. The project was announced in 2015 by President Abdel Fattah el-Sisi and is intended to be a hub of government operations, business, and residential areas.

The compound scenario covers an area of approximately 700 square kilometers and is designed to house up to 6.5 million people. The project is being built by a consortium of Egyptian and Chinese companies and is estimated to cost around $45 billion.

One of the main features of the New Capital is the government district, which will house the presidential palace, ministries, and other government buildings. The district is designed to be a symbol of modern Egypt, with a mix of traditional and contemporary architectural styles.

The New Capital will also have a business district with skyscrapers, shopping centers, and hotels. The district is designed to attract local and international companies and create jobs.

Another key feature of the New Capital is the residential areas. The city is being designed to provide affordable housing to Egyptians and attract foreign investors to the real estate market. The residential areas will have a mix of apartments, villas, and townhouses, with modern amenities and green spaces.

The compound scenario also includes a range of cultural and entertainment facilities, such as museums, theaters, and sports centers. The New Capital is intended to become a destination for tourism and leisure activities, as well as a hub of business and government.

The project has faced criticism from some who argue that the government should focus on improving existing cities and infrastructure rather than building a New Capital from scratch. Others have raised concerns about the environmental impact of the project, as it involves constructing on a vast area of desert land.

Despite the criticisms, the New Capital is moving forward, and the first phase of the project is expected to be completed by 2023. The compound scenario represents a bold vision for Egypt's future, with a modern and sustainable city designed to meet the needs of a growing population and attract investment and tourism to the country.