Who is the developer of Al Maqsad compound?

The company that owns Al Maqsad New Capital is City Edge Developments

Apartments 170m for sale in Al Maqsad New Capital

Reference: NS 22187

EGP 4,100,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 4,100,000

Apartments 170m for sale in Al Maqsad New Capital

Reference:

NS 22187

Price:

EGP 4,100,000 Installment

Price / Sqm:

EGP 24,117 Per Sqm

Finishing Status:

Super Lux

Area:

170 sqm

Bedrooms:

Year Built:

2023

Listed:

Thu 4 May 2023

About Al Maqsad New Capital

2 Bedrooms Apartment for Sale in Al Maqsad New Capital By City Edge Developments - Delivery Year 2023

Al Maqsad New Capital Egypt, also known as the New Administrative Capital or NAC, is a new urban development project in Egypt spanning over 170,000 acres of land. This ambitious project aims to decongest Cairo by providing a new, modern administrative hub that will house government offices, housing units, cultural and recreational facilities, and commercial zones.

The project was initiated by the Egyptian government in 2015 to alleviate pressure on the overcrowded capital city, Cairo. The new city is located around 45 km east of Cairo and is designed to be a smart city with advanced technologies and sustainable infrastructure. The project is being carried out in phases and is expected to be completed by 2050.

One of the key features of the Al Maqsad New Capital is the environmentally friendly design. The city is designed to have a low carbon footprint and will rely heavily on renewable energy sources such as solar power. Green areas and parks have been included in the plans to provide residents with open spaces and promote sustainable living.

The city is also expected to be a hub for technology and innovation with a focus on smart transportation systems, digital communication networks, and advanced security systems. This will ensure that the city is well-equipped to meet the needs of its residents and businesses in the digital age.

The NAC will also have world-class educational facilities, including universities, research centers, and vocational schools, to cater to the needs of its residents. This will help create a skilled workforce that can contribute to the development of the new city.

The Al Maqsad New Capital is also expected to have significant economic benefits for the country. The project is expected to attract foreign investors, create job opportunities, and boost Egypt's economy. It will also provide an opportunity to attract and retain top talent in the country and help develop the workforce of the future.

The NAC has already attracted investments from various countries, including China, with the construction of a $3.5 billion business district, and the UAE, with investments in the country's healthcare sector. The Egyptian government is also offering incentives to foreign investors, including tax exemptions and streamlined investment procedures.

In conclusion, the Al Maqsad New Capital is an ambitious project that aims to provide a modern, sustainable, and technologically advanced administrative hub for Egypt. The project is expected to have significant economic benefits for the country and will help create a skilled workforce of the future. With investments from various countries and incentives for foreign investors, it is expected that the NAC will become a hub for innovation, education, and economic growth in the Middle East.

MLS Realty
+201200070979