Advantages of Living in the New Administrative Capital

The New Administrative Capital, scheduled to inaugurate in the middle of 2020, lies in Eastern Cairo, after President Abdel Fattah El-Sisi announced the start of its construction. The announcement took place during the “Support and Development of the Egyptian Economy” conference.

According to the plans, the New Administrative Capital will be the new administrative and economic capital of Egypt. It will be a smart city using all modern technology.

The city covers an area of 490 square kilometers. The first phase of construction covers an area of 168 square kilometers and its construction will take at least 5 years.

Location of The New Administrative Capital 

The new city is located 45 kilometers east of Cairo between the Greater Cairo region and the Suez Canal region near the Regional Ring Road and Cairo-Suez Road.

The region is planned to be the headquarter of the Parliament, the Presidency, the key ministries and the foreign embassies.

Area of the New Administrative Capital

The area of the Administrative Capital equals the area of Singapore. It also extends to nearly four times the American capital, Washington.

Neighborhoods

The new capital includes 25 residential neighborhoods, 1,000,000 units, 40,000 hotel rooms and more than 10,000 kilometers roads. The Ministry of Housing aims at building 25,000 housing units in each residential neighborhood.

The area of the unit ranges from 100 square meters to 180 square meters or more for villas and others.

The number of companies working in the construction of the capital reaches 4 major companies and they are Arab Contractors, Talaat Mostafa, Orascom Alliance, Sons of Allam and Concorde, in addition to other companies contributing in the implementation of the rest of the works. The project seeks for attracting 7,000,000 people in the first phase only.

Prices of Real Estate Units in The New Administrative Capital

Average price per square meter:

*For apartments about EGP 9,400

*For villas about EGP 16,800

There are many distinguished compounds in the New Capital that suit all needs and capabilities.

Most Important Services in The New Capital

Public transportation

A train will be implemented to move between the new cities. It will extend from the 10^thof Ramadan to the Suez Road, next to the Regional Ring Road, and then to the Administrative Capital.

There is also the suspended train, “Monorail” which is considered as the most recent modern train running on one suspended track. It will start from Nasr City from the stadium station. As for the regular train, it will run from Adly Mansour Station in Al-Salam City along Ismailia desert road to reach the Regional Ring Road through Suez Road and then to the Administrative Capital.

Governmental and Residential Institutions in the New Administrative Capital

In the new capital, there will be headquarters for the Presidency and Parliament, headquarters for the Council of Ministers, ministries, the cultural centre and Opera House. In addition, It will have the headquarters of the Smart Village and the Banking District. There will also be approximately 50,000 housing units, 2,000 high-class villas and about 60 schools and 8 universities so as this project will attract more than 7,000,000 people.

Residential Investment

More than 20 feddans have been allocated for the residential investment. A number of Egyptians, Arabs and foreigners have invested in a number of lands. They paid 20% of their prices in down payment, and 20% will be in installments up to 4 years.

Airport in the New Administrative Capital 

The main building is located on an area of 5,000 square meters and it can accommodate 300 passengers per hour. It has also 45 buildings and an air watchtower with a length of 50 meters. It contains a corridor with a length of 3,650 meters and a width of 60 meters. The airport is designed to withstand huge E4 aircraft. It will also contain 8 aircraft landing places and a parking area for 500 cars and 20 buses.

It is equipped with the latest systems of insurance, management, international thermal control and X-rays. The airport is designed to receive charter flights.

All these factors make the administrative capital a center of residential and commercial attraction.

Services of New Administrative Capital 

The city will have its own financial district where the headquarters of the Central Bank of Egypt and the Egyptian Stock Exchange will be located. The government has asked the commercial and investment banks to transfer their headquarters to the New Capital.

The Minister of Higher Education stated that there will be at least 6 international universities from the United States, Britain, Canada, Sweden, Bulgaria and France, in addition to the International Capital University, which is a public university.

It will encompasses green areas around the city center, with a length of 35 kilometers.

The city will have fitness tracks, a great garden, an amusement park for mountain lovers, pedestrian and cycling trails, horse riding rings and aquapark for sailing and rowing, a floating forest and an artificial river.

The New Capital will include a new zoo with aquariums, dolphin performances and gardens.

According to the plan, it will also include an amusement park with a 250-meter air wheel exceeding the largest wheel in the world. Comparing to the wheel exists in Las Vegas, the American one which is only 168 meters long.

The city will also contain a sports stadium, playgrounds, and a Roman theatre. In addition, it will have astronomical observatory, a science and technology museum and an art museum.