Everything You Need to Know About New Capital City

 What Is the New Administrative Capital of Egypt?

It is a sensible administrative capital for urban development that introduces a contemporary concept of residence and is predicted to accommodate 18 million people to 40 million people by 2050. Egypt is switching its capital city from Cairo to a brand-new constructed city “New Administrative Capital.”

New Capital City

Why Is Egypt Building a replacement Capital City?

Egypt is building the New Capital to make many opportunities for housing and employment, fixing mind that Egypt’s population will almost double within the next 40 years. The goal is additionally to eliminate the crowdedness that's one among the most important problems now in Cairo due to the increasing population.

The city aims to deal with the varied issues facing Egypt and supply a definite quality of life. the govt is seeking how that adapts to the conditions of increase and civilization. All levels of income and culture are welcomed within the smart city to stay up with the world’s developing pace.

Where is that the New Capital City of Egypt?

The New Administrative Capital is found on the border of Badr city between Cairo/Suez and Cairo/Al Ain Sokhna roads, just after New Cairo, Future City, and Madinaty.

The Suez Road and Mohamed Bin Zayed Axis are the most roads resulting in the New Capital.

New Capital City location

What Is the plan of the New Capital City? 

The New Capital is made on a neighborhood of 700 square kilometers (equivalent to the dimensions of the town of Singapore).

There is quite one introduce the New Capital:

The first phase’s area is 40,000 acres which will accommodate around 6,500,000 people and should reach 7 million.

The second phase’s area is 47,000 acres

The third phase’s area is 97,000 acres.

The New Capital Consists of: 

North Mohammed Bin Zabid settlement

Residential districts in New Capital R5, R7, and R8.

Government administrative division 

Business district 

Cultural district. 

Administrative and commercial buildings in New Capital City

Who Is liable for Managing the New Capital City Mega Project?

A venture company is managing the project of building the New Capital with an estimated capital of 6 billion EGP.

The company contains the subsequent key departments: 

National Service Project Authority 

Urban Communities Authority 

The soldiers Project Authority.

The Board of Directors of the corporate consists of 13 members divided as follows: 

3 members from the representatives of the Urban Communities Authority,

5 representatives from the soldiers 

5 land experts.

Who Is Developing the New Capital City of Egypt?

The largest construction companies in Egypt are developing the residential and government districts within the New Capital:

Talaat Moustafa

Arab Contractors

Hassan Allam Properties

Concord

Orascom alliance with Petrojet for Contracting

Wadi El Nile for Contracting & land Investments

Egyptian-Spanish Alliance

CSCEC company, which is ranked because the best company among 250 global contracting companies.

Companies working in New Capital city

What Are the Property Types Available in New Capital City?

The residential area in New Capital is about 67% of its total area. It consists of 4000 villas and townhouses divided as follows:

Phase I: a neighborhood of 10,000 acres and can include 190 villas and 71 townhouses.

Phase II: a neighborhood of 15,000 acres and can include 139 villas and 50 townhouses.

As for the residential buildings:

Each building consists of 8 floors

Each floor has a neighborhood of 580 meter square

Each unit has a neighborhood starting from 130 to 180 meter square.

You can view different properties purchasable within the new administrative capital on property finder: 

Apartments purchasable within the new administrative capital 

Villas purchasable within the new administrative capital 

Townhouses purchasable within the new administrative capital.

New Capital City units

The city also has a neighborhood of 10,000 meter square dedicated to administrative and commercial buildings.

Here are some shops and offices that you simply can purchase within the New Administrative Capital.

Shops purchasable in New Capital

Office purchasable in New Capital.

What Are the Units Provided by the Ministry of Housing?

The Ministry of Housing is offering 3,000 acres for developers and land investors after developing the essential services and facilities in them.

The Ministry of Housing is getting to finish constructing 40,000 units by June 2020. 

The governmental district contains:

18 ministerial buildings

Presidential building 

Parliament building.

What Are the costs for Apartments in New Capital City?

The price per meter for apartments within the new administrative capital starts from 8,500 EGP.

The price per meter for the units provided by the Ministry of Housing ranges from 11,000 EGP.

Here are the properties purchasable in New Capital City on Property Finder.

What Are the Compounds Available in New Capital City? 

There’re an outsized number of residential compounds within the New Capital City. The compounds have a spread of unit types and sizes. They’re all built with high standards to make sure an ideal residency for you and your family.

New Capital City compounds

Some of the Compounds in New Capital City 

La Verde New Capital

Il Mondo New Capital

The City Valley New Capital

The City New Capital

 Sky Capital. 

Capital Way New Capital

You can check the simplest compounds in New Capital on Property Finder.

What Are the Services Provided within the New Capital City?

The services at the New Capital City are provided using smart technologies because the main objective is to make a worldwide city: 

Recycling organic waste to grow and flourish local food.

Build an integrated transportation network.

Build a unified digital infrastructure.

Create Smart network facilities.

Create a sensible traffic system.

New Capital City facilities

The city includes:

Central Park with a neighborhood of 8 km (bigger than New York’s Central Park )

Green River, 35 km long

Al-Fattah Al-Aleem Mosque

Mega Mall

Capital Prime New Capital

Conference hall

Expo City New Capital

Medical city

Sports city

New Garden City New Capital

The Walk Mall New Capital

Al Masa Hotel New Capital

Zaha Park New Capital

Artificial lakes

Educational institutions

Knowledge City

Hospitals

Disneyland

Churches and mosques

Technology and innovation park

Energy farms.

Al Masa Hotel New Capital City

What Are the Conditions for Booking an Apartment in New Capital City If you're Living Abroad?

To book a unit in New Capital City you ought to stick with these conditions:

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Must be a minimum of 21 years aged 

Should provide a legitimate Egyptian passport

Should provide a legitimate residence document from abroad

Can’t book quite one unit

Should not are allocated any unit within the social housing program

The applicant might not apply at the later stages of the project if a unit is allocated to them.

What Is the newest News about the New Administrative Capital of Egypt?

The government’s goal is that the New Capital City are going to be a cashless and paperless city, so you don’t spend an excessive amount of time getting your documents done at the governmental entities as everything are going to be digitized. 

Now, you'll book your apartment from the branches of the Housing and Development Bank. 

17,500 fedan from the new phase are sold out and 6,000 fedans are going to be sold by 2020 consistent with the plan of Administrative Capital for Urban Development.

Honeywell and Etisalat Misr will work together on delivering city management services for citizens within the New Administrative Capital, which is taken into account to be one among the most important smart projects within the world.