Egypt reveals plans for new capital


Published: Friday 13th March 2015 by The News Editor

Comments (0)

Egypt’s government has announced plans to build a new capital adjacent to Cairo, in a massive new project that in its first phase would cost £30 billion and take up to seven years to complete.

Housing Minister Mostafa Madbouly announced the plan at the opening of the three-day international economic conference held in Sharm-el-Sheikh and attended by hundreds of business executives and world leaders.

The aim, he said, is to alleviate congestion and overpopulation in Cairo over the next 40 years. By that time, Cairo – currently home to nearly 20 million – would have doubled in size.

The first phase of the ambitious programme, Mr Madbouly said, is an expansion of the current outskirts of the capital to the east, adding an additional 60 miles of development. The area would be a new administrative centre including government offices, diplomatic missions and housing as well as universities, a technology and innovation park, and 6,000 miles of roads.

The military has already began constructing the road linking Cairo to the new planned administrative heart of the capital, he said.

Eventually the new capital would expand to 270 square miles, much of it green spaces, linking up with the Suez Canal zone, Mr Madbouly said, calling the project a source of “pride and inspiration” to young Egyptians

The ambitious plan is the latest mega project planned by the government, headed by President Abdel-Fattah el-Sissi, who was elected in June last year. The other mega project is the expansion of the Suez Canal and the creation of an industrial zone around it.

Published: Friday 13th March 2015 by The News Editor

Comments (0)

Local business search