Sisi inaugurates first phase of New Administrative Capital
Oct. 11, 2017
The opening is attended by Prime Minister Sherif Ismail and held at Al Masah Capital Hotel, which was inaugurated Friday and is deemed one of largest hotels in the world. Al Masah Resort is more than 10 acres, containing a conference area, lakes, mosque, and trade mall with unique architectural designs.
Located 45 kilometers east of Cairo, President Sisi announced in 2015 the building of a new city, which he described as a new administrative and financial capital of Egypt.
The New Capital, which is currently being developed by the New Administrative Capital for Urban Development, is planned to include residential districts, educational institutions, hospitals, 40,000 hotel rooms, a theme park, solar plants and a new international airport.
Land plots in the new capital have already been launched for investors and developers, who are interested in participating in the mega project.
Participating developers at the moment include the Arab Contractors Company, Concord for Engineering and Contracting Company and Talaat Moustafa Group Holding Company.