The Extravagant New Capital City of Egypt: A Monumental Project in the Sahara Desert

💰The construction of the new capital city in Egypt is a massive and exorbitantly expensive project, with the estimated budget already exceeding $58 billion.

🏗️The project has faced significant delays and is behind schedule, with completion now projected for 2024 instead of 2022.

🌍The new capital city is being built in the Sahara Desert, aiming to relieve congestion and overpopulation in Cairo by creating a new administrative hub.

🏢The new capital will feature various districts, including a government district, a residential district, a sports city, and several mega-buildings like the iconic Tower and the oblisco copy.

💸Critics argue that the extravagant project is bankrupting the country, contributing to Egypt's financial crisis and neglecting the needs of its population.

What is the purpose of constructing a new capital city in Egypt?

—The new capital city is being built to relieve congestion and overpopulation in Cairo, the current capital. It aims to create a new administrative hub and accommodate millions of residents.

What are some of the key features of the new capital city?

—The new capital city will consist of multiple districts, including a government district, a residential district, a sports city, and various mega-buildings like the iconic Tower and the oblisco copy.

Why has the construction of the new capital city faced delays and cost overruns?

—The project has faced delays and cost overruns due to its sheer scale and opulence. The ambitious designs and extravagant buildings have contributed to the ballooning budget and extended timeline.

How much has the construction of the new capital city cost so far?

—The estimated cost for Phase One of the new capital city has already exceeded $58 billion, significantly surpassing the initial budget of $45 billion.

What are some concerns raised about the project?

—Critics express concerns about the country's financial stability, as the project diverts significant resources and neglects the needs of the population. There are worries about the project contributing to Egypt's economic crisis.

00:00Egypt is constructing a massive new capital city in the Sahara Desert to alleviate congestion and overpopulation in Cairo.

02:10The new capital city is being built in multiple phases, with various districts and mega-buildings planned, such as the iconic Tower and the oblisco copy.

04:21The project has faced significant delays and cost overruns, with the estimated budget already exceeding $58 billion.

06:25Critics argue that the extravagant project is bankrupting the country and neglecting the needs of its population.