Egypt has announced its new plan to build several cities that will span some 580,000 acres and accommodate 30 million dwellers.
Egypt also plans to create a new administrative capital away from Cairo, expected to accommodate 18 million people to 40 million people by 2050. The brand-new constructed city “New Administrative Capital” would create opportunities for housing and employment, bearing in mind that Egypt’s population will almost double in the next 40 years. The goal is to eliminate the crowdedness that is one of the biggest problems now in Cairo because of the increasing population.
The city intends to address Egypt’s many problems and offer a distinctive quality of life. The administration is looking for a solution that can accommodate both civilisation and population expansion. To keep up with the rate at which the world is growing, all socioeconomic and cultural backgrounds are welcomed in the smart city.
Immediately behind New Cairo, Future City, and Madinaty, the New Administrative Capital is situated on the border of Badr City, between the Cairo/Suez and Cairo/Al Ain Sokhna roads.
The principal thoroughfares leading to the New Capital are the Suez Road and Mohamed Bin Zayed Axis.
The Master Plan of the New Capital City?
- The New Capital is built on an area of 700 square kilometres (equivalent to the size of the city of Singapore).
- There is more than one phase in the New Capital:
- The first phase’s area is 40,000 acres which will accommodate around 6,500,000 people and may reach 7 million.
- The second phase’s area is 47,000 acres
- The third phase’s area is 97,000 acres.
The New Capital would consist of North Mohammed Bin Zabid settlement, Residential districts in New Capital R5, R7, and R8. Government administrative district, Business district, Cultural District.
Property Types Available in New Capital City
The residential district in New Capital is about 67% of its total area. It consists of 4000 villas and townhouses divided as follows:
- Phase I: An area of 10,000 acres and will include 190 villas and 71 townhouses.
- Phase II: An area of 15,000 acres and will include 139 villas and 50 townhouses.
As for the residential buildings:
- Each building consists of 8 floors
- Each floor has an area of 580-meter square
- Each unit has an area ranging from 130 to 180 meters square.
Companies Incharge of the Project
The largest construction companies in Egypt are developing the residential and government districts in the New Capital:
- Talaat Moustafa
- Arab Contractors
- Hassan Allam Properties
- Orascom alliance with Petrojet for Contracting
- Wadi El Nile for Contracting & Real Estate Investments
- Egyptian-Spanish Alliance
- CSCEC company, which is ranked as the best company among 250 global contracting companies.