Yaru New Capital Egypt is a new megacity being developed in Egypt, located in the eastern desert region of the country. The city is set to become a major hub for commerce and industry in the region, with an estimated population of 5 million people. The project is being developed by the Egyptian government in partnership with a number of international companies, including Saudi Arabia’s Al-Kharafi Group.

The new capital is being built on a total area of 700 square kilometers and will feature a number of modern amenities, including a large international airport, a new port, a high-speed railway network, and a variety of residential and commercial developments. The city will also be home to a number of large technology companies, universities, and research centers.

The project is expected to cost around $45 billion and is expected to be completed by 2022. The Egyptian government has stated that the new city will be a model of sustainability and will be designed to reduce emissions and conserve energy. It is hoped that the new city will help to create jobs and attract investment to the region.

The project has been met with some criticism, however, with some people questioning the need for such a large and expensive project. Others have also expressed concerns over the potential environmental impacts of the project, as well as the displacement of local communities.

Despite this, the project is set to move forward and is expected to have a major impact on the region. It is hoped that the new city will help to create new opportunities for economic growth and development in the region.