Anakaji New Capital Egypt is an ambitious project to create a new capital city in the Arab Republic of Egypt. The project was announced in March 2017 by President Abdel Fattah el-Sisi and is expected to cost around $45 billion.
The new capital city will be located in the desert region of the country, east of Cairo. It will be built on an area of over 700 square kilometers and will house up to 5 million people. The city will be home to government offices, embassies, universities, and other institutions.
The project is expected to create 1.5 million jobs and attract investments of up to $140 billion. It is also expected to generate an average of $6 billion in annual revenues for the country.
The project is part of Egypt's Vision 2030 plan, which seeks to diversify the country's economy and reduce its reliance on oil and gas. The plan also seeks to reduce poverty and unemployment, and improve the quality of life of citizens.
The new capital will be designed to be environmentally friendly, with solar energy, recycling, and other green initiatives. It will also be connected to the rest of the country through a high-speed rail system.