🇪🇬 Egypt’s $58B Mega-Capital: Ambition or Burden ⁉️

Egypt is constructing one of the most expensive cities ever — a $58 billion New Administrative Capital (NAC), 45 km east of Cairo. This futuristic mega-city is being built to ease Cairo’s overcrowding and serve as a new political, financial, and cultural hub.

Key Highlights

• Size: Larger than Singapore — targeting 6.5M residents

• Smart Infrastructure: AI-powered traffic, green spaces, solar grids

• Landmarks: Tallest tower in Africa, presidential palace, parliament, 1,200+ mosques, opera house

• International Funding: Mostly backed by Chinese and Gulf investments

While the vision is bold, critics raise concerns over debt, transparency, and affordability for average Egyptians. Many fear it could widen the economic gap — a luxury for the elite while millions struggle with inflation and a sinking pound.