19/09/2021
Egypt’s new administrative capital that will be the game changer for the country.
Pyramid structures Egypt. Egypt’s new administrative capital will change fortunes for the country. The speculation of Egypt becoming 7th richest country by 2030 with an annual GDP of around 8.2 trillion US dollars.
MAIN:
The New Administrative Capital is a large-scale project in Egypt that has been under construction since 2015. It was announced by then-Egyptian housing minister Moustafa Madbouly at the Egypt Economic Development Conference on 13 March 2015.The new city is to be located 28 miles east of Cairo and just outside the Second Greater Cairo Ring Road, seaport city of Suez. According to the plans, the city will become the new administrative and financial capital of Egypt, housing the main government departments and ministries, as well as foreign embassies. On 270 sq mitotal area, it would have a population of 6.5 million people, though it is estimated that the figure could rise to seven million. The government sector will include 36 buildings. One will be for the parliament, one for the cabinet and 34 for different ministries. The first stage will cost LE30 billion, excluding infrastructure. Around 60,000 government employees will be relocated to the New Administrative Capital. new Administrative Capital is set to include many mega-projects, some of which will be the first of their kind in Egypt. The city will feature skyscrapers, mosques with great architecture, Middle East’s largest cathedral, a 22-mile-long urban park representing River Nile, international airport and The Octagon which will be the headquarter for military operations. purpose-built cities, transportation train is being built which will link this city to Cairo. The line will start from Adly Mansour Station at Al Salam City on Cairo Metro Line 3 and will split into two branches at Robeiky.
This city is part of Egypt’s Vision of 2030.
Quality of life:
Egypt's poverty rates have reached all-time high, the country aims to completely eliminate poverty by 2030.
Equity and Inclusion:
The National Agenda seeks to achieve social justice and social integration. The issues of empowerment, equality and social justice are among the core issues that the Egypt's Vision of 2030 focuses on.
Strong Economy:
Egypt's current fiscal policy seeks to reduce the state budget deficit and public debt. digital economy, encouraging innovation, research, and development, enhancing the role of promising economic sectors, raising the degree of economic flexibility, increasing employment opportunities, achieving financial inclusion, will lead to a sustainable inclusive growth. It is projected that Egypt will become 7th richest country in the world. Even in 2020, Egypt was the only country in the Middle East and North Africa region with a positive GDP growth rate, being the only country to avoid economic recession over 2020-2021. On the other hand, all remaining countries in the region were projected to see negative growth in 2020, with a rebound to 2.2 percent growth in 2021
Knowledge and Innovation:
As the country aims to establish and employing technology and benefiting from it for sustainable inclusive growth social aspects by investing in human capital and building scientific and practical capabilities educational systems, technical qualification and vocational training productivity and positively affect the labor market.
Sustainable Environment:
The country aims to achieve control over climate change, and the ability to face natural hazards and disasters. For this purpose, increasing reliance on renewable energy, and adopting sustainable energy
Governance:
Egypt's vision for the future is to establish governance and adherence to laws, rules, and procedures under the rule of law.
Peace and Security:
The state places top security as a top priority to achieve and maintain a secure political, economic, environmental, and social environment.
Leading Stature:
As of 2020, Egypt's military ranks among the top 10 strongest worldwide, ranking first in both Africa and the Middle East.
Getting back to the city,
The Egyptian government New Administrative Capital project in the first half of 2021, according to cabinet spokesman Nader Saad. The government’s shift to the New Administrative Capital was originally planned for the second half of 2020 city. Egyptian Government.
