The best compound in New Administrative Capital
The New Administrative Capital is Egypt's newest real estate and investment development project, and it is one of the greatest construction projects in North Africa and the Middle East overall. The global level is a result of its exceptional success prospects, as well as its planning, designs, and execution mechanisms, it's predicted to be a civilized change in Egypt's history that will accomplish the state's expected prosperity in the state's economy.
New Administrative Capital Features
When the project for the Egyptian state's new capital was initiated, a massive budget was projected to handle the scale of the hoped-for development at the level of services, facilities, and infrastructure that the state hopes to accomplish. This budget was 45 billion US dollars, which was earmarked to implement the first three phases over a seven-year period
The location was one of the top goals established by the state in order to be reasonably close to the old capital and all of its service and administrative facilities. As a result, the location was picked after meticulously analyzing the standards and criteria, so that the new capital would be a global metropolis that maintains pace with the world's current civilizational growth and is fit to represent Egypt worldwide.
As a result, the new capital was constructed over a large area believed to be 170,000 acres, equal to the whole size of several independent nations such as Singapore. The first phase of the project was constructed on an area of 40,000 acres, with a capacity of at least 7 million residents, which helps in the overcrowding and growing population issue that faces the old Egyptian capital.
To maintain the quality of services, the Urban Planning Authority has designed all services, utilities, roads, and infrastructure to the highest standards seen in the world's most famous cities.
Looking at the roads and streets, we can see that they are broad enough to support the projected rise in population density due to the demand to live and work in the new capital over the next several decades since the new capital is regarded as one of the world's largest capitals. Arab Contractors Company, Orascom, and Concorde are among Egypt's major real estate development businesses in terms of building and development.
https://realestate.eg/en/new-administrative-capital
For Sale 198m in The New Capital
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