Solas New Capital is a new city being built in Egypt, located in the desert between Cairo and the Suez Canal. The project is the largest of its kind in the country and is being developed by the Egyptian government and a group of international investors. The city is planned to cover an area of 45 square kilometers and will have a population of around 500,000 people.

The project was first announced in 2015, and construction began in 2017. The city is planned to be a modern, high-tech hub with a focus on sustainability. It will have a range of residential, commercial, and industrial areas, as well as a number of parks and other green spaces. The city will also have a number of universities, medical centers, and cultural and entertainment facilities.

The project is estimated to cost around $45 billion, and is expected to be completed by 2028. The Egyptian government has invested $20 billion, while the remaining funds will be raised through private investments. The city is expected to create around 1.5 million jobs and generate around $150 billion in economic activity.

The project is part of the Egyptian government's plan to diversify the country's economy and attract more foreign investment. The city is also seen as a way to reduce the overpopulation of Cairo and other cities in the country. The government hopes that the city will become a major hub for trade, finance, and technology in the region.

Solas New Capital is a bold and ambitious project, and one that could have a huge impact on the country's economy. It remains to be seen if the project will be successful, but it is certainly an exciting development for Egypt.