The New Capital is considered one of the modern cities located in Egypt, situated more than 45 kilometres away from Cairo. It is a modern architectural masterpiece and houses several important government buildings.
The New Capital was established to alleviate population pressure on Cairo. It is one of the largest projects implemented in Egypt in recent years, featuring various prominent buildings like the Egyptian Parliament Building and the National Media Council.
The city was designed using advanced architectural concepts, boasting innovative technological features like solar power systems and advanced water management systems. This aims to improve the quality of life for citizens, which is the primary goal of the city's establishment.
The New Capital also serves as a hub for entertainment and shopping, hosting numerous major commercial centres, upscale stores, theatres, museums, and public parks.
Additionally, the city aims to achieve sustainable development and is surrounded by beautiful natural landscapes. It excels in environmental sustainability and sustainable architectural and urban planning.
The New Capital presents an opportunity for global companies and investors to invest in Egypt. It is one of the key projects aimed at boosting the Egyptian economy and achieving sustainable development in the country.
Overview of the New Capital
The New Capital is part of the fourth-generation cities and covers a total area of about 170,000 acres, which is larger than the combined area of Singapore and Washington, D.C. It is located 60 kilometres east of Cairo and about 65 kilometres west of Suez City.
The city was established to ease the population pressure on Cairo, reduce congestion, and develop it into Egypt's administrative hub. The plan involved relocating various governmental buildings, including the Senate, the Presidency, the Parliament, the Prime Minister's office, government agencies, and foreign embassies and consulates.
The New Capital was also envisioned as a financial centre for Egypt, with a Financial District housing regional offices and major banks from around the world.
The city also includes many other important structures, such as private sector companies, resorts, and recreational centres, with investments exceeding $45 billion. The city is expected to grow to accommodate around 40 million people by 2050, replacing the initial estimate of 18 million, bringing a new concept of residential living to Egypt.
This massive undertaking has sparked the interest of investors and those seeking upscale real estate units in Egypt, thanks to its diverse features and services.
Key Landmarks and Axes in the New Capital
Financial and Business District: The financial centre of the city, designed to serve as the regional headquarters for various Egyptian and international banks and large corporations.
- Iconic Tower: A tower constructed by the Chinese company CSCEC, towering at around 385 meters, making it the tallest building in Egypt and Africa. It contains administrative offices, residential apartments, hotels, a massive commercial market, and electronics and gold markets. It also features cinemas, theatres, and an ice skating rink.
- Al-Fattah Al-Aleem Mosque: A modern Islamic architectural masterpiece located at the entrance of the city on the Middle Ring Road. The mosque covers an area of about 106 acres and includes an area for external prayer, the mosque building, ablution facilities, Quran memorization halls, administrative offices, and a library. It also boasts natural landscapes and a dedicated area for roads and buildings.
- Electricity Station: The largest power station within the New Capital, covering an area of 175 acres. The international company Siemens oversees it, with construction costs reaching around 2 billion dollars or more. The station employs state-of-the-art air cooling technology and has a capacity of about 4,800 megawatts.
- City's Extensive Area: The city's architectural designs draw inspiration from European aesthetics, featuring lush green spaces, trees, gardens, and artificial lakes. The city is equipped with advanced electricity generation systems to ensure uninterrupted power supply. Wide streets throughout the city facilitate easy movement without congestion or overcrowding.
Important Developers in the New Capital City
Most individuals who wish to invest in the New Capital City extensively search for the most important developers present there, seeking comfort and assurance for their funds and savings while investing with a trusted and strong real estate developer who can elevate and enhance the project uniquely and take it to the highest level, resulting in a substantial return on investment, here are the top 5 developers in the New Capital:
- Pyramid Real Estate Development.
- Egypt-Italy Real Estate Company.
- Platforms Real Estate Company.
- Home Town Real Estate Company.
- Taj Misr Real Estate Development.
