Information about the New Administrative Capital The New Administrative Capital
is located in the Arab Republic of Egypt, specifically in the Cairo Governorate. The New Administrative Capital is managed by the Administrative Capital for Urban Development Company. Also, it was established during the era of President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt. The establishment of the new administrative capital was also announced during the conference to support and develop the Egyptian economy, which is being held in Sharm El-Sheikh in 2015. A contract was also made with the sisterly United Arab Emirates to contribute to its establishment, but it returned and withdrew from the project after a short time. The total area of the New Administrative Capital is about 170,000 acres, with a total of 688 km. This area is more than four times larger than the size of Washington, the capital of the United States.
: The most important features of the new administrative capital
It is planned to transfer the seat of government to the new administrative capital by the end of 2022. Also, among the state's plans in the new administrative capital, all government agencies such as the House of Representatives, the Senate and all ministries will be transferred to it. It is also planned that the new administrative capital will include embassies and consulates of other countries. The new administrative capital will also become the new financial center of the Arab Republic of Egypt. One of the advantages of the new administrative capital is that it will include an entire city of arts and culture, and another city for the Olympic Games.
: The goal of creating a new administrative capital
The goal of establishing the new administrative capital is to create a new smart city for future generations. The aim of its establishment was to create a new concept of population density in the Arab Republic of Egypt. Also, the new administrative capital is expected to create a new climate for the economic, political, or even recreational level.
: The largest investment companies in the new administrative capital
Pyramids Development Company.
and Egypt Italy Company.
As well as Better Home Real Estate Development Company.
Castle Land Mark Company.
and Edge Holding Company.
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