{"id":28482,"date":"2019-03-25T08:35:53","date_gmt":"2019-03-25T08:35:53","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2019\/03\/25\/egypt-prepares-to-open-its-brand-new-capital\/"},"modified":"2020-08-11T11:34:59","modified_gmt":"2020-08-11T09:34:59","slug":"egypt-prepares-to-open-its-brand-new-capital","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2019\/03\/25\/egypt-prepares-to-open-its-brand-new-capital\/","title":{"rendered":"Egypt prepares to open its brand new capital"},"content":"\nThe pyramids, the Sphinx, the Suez Canal&#8230;when it comes to megaprojects, Egypt\u2019s been getting it done for centuries. Now the latest is a multi-billion dollar development on the outskirts of Cairo promises Egyptians a better life and a better capital carved out of the desert and directly in line with President Al Sissi\u2019s new economic vision for Egypt.\nIt is a place that will boast in the end green ways that are bigger than Central Park.\nTwo times bigger than Cairo\nThe project\u2019s first phase set for completion in 2019 boasts 36 government ministries, residential communities and the biggest cathedral in the continent of Africa. The total space is more than 175,000 acres, the double of Cairo. Home to over 22 million people, the current capital city is plagued by overcrowding, pollution and seemingly endless traffic jams.\nThe new capital promises all the benefits of a smart city: electric powered mass transport and wireless connectivity. While ministers and much of their staff are already making plans for the move with a basic apartment starting at 57,000 $, that leaves the majority of Egyptians priced out.\nCities from the scratch are not new in Egypt\nCritics call it a \u201cwhite elephant\u201d project arguing that the multi-billion plan was initiated with little debate and that the funds could have been better put to refurnishing Cairo. Many Egyptians question the wisdom on embarking on a massive construction project at a time when the lower and the middle class are being hit by new taxes and high inflation.\nThe State is also taking out a 12 billion dollar loan from the IMF. If anything, the construction of the new capital senses a conflicting sign from the Al-Sissi administration. In addition, the idea of construction cities from scratch is not new. Egypt has at least 22 unfinished settlements in the desert, some dating back 30 years.\nCollectively, these satellite towns hold about 1 million people, but most of the housing remains empty. One example is New Cairo, a suburb to the east of its namesake. Initially, it was meant to house 5 million residents. Yet a decade after completion, it only holds a population of toughly 200,000&#8230;\nPhoto : \u00a9http:\/\/www.sis.gov.eg\n","author":42,"featured_media":5690,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5761,5766,5751,5756,5755,2961,5750,5759],"location":[5600],"class_list":["post-28482","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-decision-makers","tag-economic-analysis","tag-economy","tag-employment","tag-employment-training","tag-institutions","tag-news","tag-politics","location-egypt"],"short_url":"","have_related_news":null,"chapo":"For over a thousand years, Cairo has served as the heart of Egypt. Yet, some 40 kilometers to the east, the government is constructing a new city. If all goes to plan, it will act as the new site of Egypt\u2019s government. It promises to be better, bigger and newer, but a project of this magnitude also carries significant geo-economic implications.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypte-capitale-1.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypte-capitale-1.png 550w","sizes":"550px","alt":"Egypt prepares to open its brand new capital 1","width":550,"height":360,"ratio":0.62,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypte-capitale-1.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypte-capitale-1.png 1170w","sizes":"1170px","alt":"Egypt prepares to open its brand new capital 1","width":1170,"height":658,"ratio":0.62,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt prepares to open its brand new capital - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"The pyramids, the Sphinx, the Suez Canal...when it comes to megaprojects, Egypt\u2019s been getting it done for centuries. Now the latest is a multi-billion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2019\/03\/25\/egypt-prepares-to-open-its-brand-new-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt prepares to open its brand new capital - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"The pyramids, the Sphinx, the Suez Canal...when it comes to megaprojects, Egypt\u2019s been getting it done for centuries. Now the latest is a multi-billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecomnewsmed.com\/en\/2019\/03\/25\/egypt-prepares-to-open-its-brand-new-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Med\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-11T09:34:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypte-capitale-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"994\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2019\\\/03\\\/25\\\/egypt-prepares-to-open-its-brand-new-capital\\\/\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2019\\\/03\\\/25\\\/egypt-prepares-to-open-its-brand-new-capital\\\/\",\"name\":\"Egypt prepares to open its brand new capital - Ecomnews Med\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2019\\\/03\\\/25\\\/egypt-prepares-to-open-its-brand-new-capital\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2019\\\/03\\\/25\\\/egypt-prepares-to-open-its-brand-new-capital\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/03\\\/egypte-capitale-1.png\",\"datePublished\":\"2019-03-25T08:35:53+00:00\",\"dateModified\":\"2020-08-11T09:34:59+00:00\",\"description\":\"The pyramids, the Sphinx, the Suez Canal...when it comes to megaprojects, Egypt\u2019s been getting it done for centuries. 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