Features of living in The New Administrative Capital
Detailed Information about Living and Working in The New Capital
The New Administrative Capital is located in eastern Cairo and scheduled to be inaugurated by mid-2020. President Abdel Fattah Al-Sisi announced the establishment of the project during the conference entitled “Supporting and Developing the Egyptian Economy”.
According to the plans, The New Administrative Capital will be the new administrative and economic capital of Egypt. Additionally, it will be a smart city that makes use of all means of modern technology.
The city covers an area of 490 km2; the first construction phase occupies 168 km2 and will take at least 5 years to be built.
The New Administrative Capital Location
The New Capital is 45 km away from eastern Cairo between Greater Cairo Area and Suez Canal Area, and near the Regional Ring Road and Cairo-Suez Road.
It is due to be the headquarters for the parliament, the presidency and key ministries, in addition to foreign embassies.
The New Administrative Capital Area
The New administrative Capital is about the same space as Singapore, and it is nearly four times the space of Washington DC, the US capital.
The New Capital includes 25 residential district, 1.1 million units, 40,000 hotel rooms and more than 10,000 km of roads. The Ministry of Housing aims to build 25,000 housing units in each residential district.
The unit area ranges from 100 m2 to 180 m2 or more for villas and others.
The number of companies working on the establishment of the capital is up to four major companies, namely: The Arab Contractors, Talaat Mustafa and Orascom Construction-Hassan Allam alliance, and Concord, in addition to other companies that contribute to the implementation of the rest of the work. The project seeks to attract 7 million people in the first phase only.
Prices of Real Estates in The New Administrative Capital
The Average Price per Meter
- About EGP 9,400 for apartments
- Around EGP 16,800 for villas
The New Capital has many distinctive Compounds which suit all needs and abilities.
Most Important Services in The New Capital
Means of Public Transportation
A railway will be implemented to move among the new cities and will run from 10th of Ramadan City to Suez Road next to the Regional Ring Road and then to the Administrative Capital.
There is the “Monorail” train, which is the latest modern train that runs on a single hanging track. Its rail will start from Nasr City at the stadium station. As for the regular train, it will run from Adly Mansour station in Salam city along the Ismailia Desert Road to the Regional Ring Road through Suez Road and then to the Administrative Capital.
Important Governmental and Residential Institutions in The New Capital:
The New Capital will have the headquarter for Presidency, Parliament, Cabinet, ministries, Cultural Center, and Opera, in addition to the smart village and banking district. Furthermore, It will also include nearly 50,000 residential units, 2000 luxury villas, about 60 schools and 8 universities to attract more than 7 million people.
More than 20 feddans have been allocated for residential investment and many Egyptians, Arabs and foreigners have invested in a number of lands. Approximately 20% of the price is paid as a down payment and 20% will be paid in installments up to 4 years.
The New Administrative Capital Airport
The main building covers an area of 5,000 m2 and can accommodate 300 passengers per hour. It has 45 buildings and a 50-meter aerial control tower. It also has a 3650-meter-long and 60-meter-wide corridor. The airport has been designed to endure large E4 aircraft and it also has 8 aircraft parking stops, along with a parking area for 500 cars and 20 buses.
The airport is equipped with the latest systems of security, management, international thermal control and X-rays. Moreover, it is designed to receive charter flights.
All these features make the Administrative Capital an attractive center of housing and trade.
The New Administrative Capital Services
- The city will have its own financial district where the Central Bank of Egypt and the Egyptian Stock Exchange will be based. The government has asked commercial and investment banks to relocate their headquarters to the New Capital.
- The Minister of Higher Education said that the New Capital would include at least six international universities from the United States, Britain, Canada, Sweden, Bulgaria and France, as well as the International Capital University, which is a public university.
- A 35-kilometer green belt will be planted around the city center.
- The city will have fitness paths, a major park, an amusement park for mountaineering enthusiasts, pedestrians and cyclists, horseback riding trails, a water park for sailing and canoeing, a floating forest and an artificial river.
- A new zoo with aquariums, theaters for dolphin shows, botanical gardens and a woodland will be created.
- According to the plan, a theme park will be constructed with a 250-meter-long roller Ferris wheel, surpassing the world’s tallest one in Las Vegas, which is only 168 meters long.
- Furthermore, the city will have a sports stadium, sports fields, a Roman amphitheater, an astronomical observatory, a science and technology museum and an art museum.
* Please note that all prices mentioned in this article are for the first quarter of 2019 and subject to change, and we in Aqarmap try to update them regularly in our prices guide of districts. Choose between different spaces and styles in the best compounds in the New Capital, you would find many payment plans that suit all.