Al Maqsad New Capital is a new city being developed in Egypt. It is located in the desert region of the country, about 45 kilometers east of Cairo. The project is being developed by the Egyptian government in partnership with the private sector and the Egyptian Armed Forces.

The new city is being designed to be a modern, sustainable city with a variety of amenities and services. It will include residential, commercial, and industrial areas, as well as a university, a new airport, and a variety of parks and green spaces. The city is also planned to include a financial district, a technology park, and a medical complex.

The project is expected to be completed by 2030, and is estimated to cost around $45 billion. It is expected to create over one million jobs, and to house over five million people. The city is also expected to contribute significantly to the Egyptian economy, as it will be a major hub for trade, investment, and tourism.

The project has been met with some criticism, as some people feel that it is too expensive and will not benefit the poor people of Egypt. Others have argued that it is a necessary step in the development of the country, and will create jobs and opportunities for the people of Egypt.

Overall, the Al Maqsad New Capital project is a major step forward for Egypt, and will likely have a lasting impact on the country. It is expected to create jobs, attract investment, and help to diversify the economy. It is also an important step towards modernizing the country, and providing its citizens with better access to services and amenities.