The Egyptian government has started one of the world’s largest urban renewal projects: a new and still un-named city. The city’s aim is to provide a solution to overcrowding, pollution and rising house prices.
Forty-five kilometres east of Cairo in the Egyptian desert, the $60 billion project will provide housing for up to five million people, with malls, government buildings, a theme park, energy farms and a newly established airport, across a 270 square-mile-site.
Backed with many investors including a $20 billion contribution from Chinese developers, the New Cairo Capital will include mosques and churches, a 5000 seat conference centre, nearly 2000 schools and colleges, 600 medical facilities and what some are calling the world’s largest park.
The project cost, an estimated $US45 billion dollars ($57.9 billion), aims to be complete by 2022.
Despite attracting large amounts of international investments, this figure has raised concerns with local and international urban planners over potential the project may turn into a ghost town given the country’s current economic climate.