Apartments for sale in The City, New Capital compounds

3 Bedrooms Apartment for Sale in The City New Capital

3    2
Reference: NS113539
EGP 1,655,500
Category:
Apartments / Sale
Price:
EGP 1,655,500 Installment
Price / Sqm:
EGP 10,477 Per Sqm
Finishing Status:
Semi Finished
Area:
158 M2
No of Floors:
Bedrooms:
3
Bathrooms:
2
View:
Land Space
Price:
EGP 1,655,500
Down Payment:
EGP 765,000
Delivery Date:
2028
Allowable height:
Last Updated:
Tue 23 May 2023

The City New Capital Egypt is a massive development project currently underway in Egypt. Located on the outskirts of Cairo, the City New Capital will become the country's new administrative capital and is set to be the largest smart city in Africa.

The project began in 2015 under the leadership of President Abdel Fattah el-Sisi, who aimed to ease the pressure on Cairo and create a sustainable city that can meet the needs of Egypt's growing population. The City New Capital is being built on a vast area of 170,000 acres and is expected to cost around $58 billion. The development is being executed by the private sector as well as international firms.

The City New Capital is designed to accommodate more than six million people and provide them with all the necessary amenities to live a comfortable life. It will feature high-tech infrastructure, eco-friendly buildings, modern transportation systems, and advanced communication networks. The project also includes a 10-lane highway linking the city to Cairo's international airport, making transportation easier for both residents and visitors.

Although the city is still in its early stages, it has started to attract a significant amount of attention from investors and businesses. Several local and international companies have already shown interest in investing in the project, with some already securing deals to build new buildings and infrastructure.

The City New Capital is expected to play a crucial role in Egypt's economic development, as well as its social and environmental sustainability. The new city will bring new job opportunities, attract tourism, and help reduce the overcrowding and pollution in Cairo.

The project has faced some criticism, mainly regarding the relocation of people living in villages and towns that have been affected by the development. However, the government claims that the relocation process is being conducted with transparency and with the best interest of those affected.

In summary, The City New Capital Egypt is a massive development project that has the potential to transform Egypt into a modern and sustainable city. While some challenges remain, it is expected to bring many economic and social benefits to the country and its people.