- Everything You Need to Know About the New CapitalThe idea of the New Administrative Capital was officially announced in March 2015 during the Egypt Economic Development Conference held in Sharm El Sheikh. The Egyptian government introduced the project in the presence of local and international investors to become the new headquarters for ministries, government institutions, embassies, the parliament, the presidential palace, and major private companies. The city also includes some of the best residential compounds in Egypt.The New Administrative Capital is considered one of Egypt’s fourth-generation cities and the future capital of the country. It is located in Cairo Governorate and was established under the direction of President Abdel Fattah El-Sisi. The city covers around 170,000 acres, making it larger than Singapore and nearly four times the size of Washington, D.C. It is located approximately 60 kilometers east of Cairo and is expected to accommodate around 6.5 million residents after completion.Investment Size in the New Administrative CapitalThe total investments in the city were estimated at around 45 billion USD through an agreement between Emaar Properties UAE and the Egyptian Ministry of Housing led by Mostafa Madbouly. The agreement was witnessed by Sheikh Mohammed bin Rashid Al Maktoum and President Abdel Fattah El-Sisi.Later, Emaar withdrew from the agreement, and Major General Ahmed Zaki Abdeen, Chairman of the Administrative Capital Company, announced that the total cost of the project would reach nearly 300 billion EGP. In 2021, the estimated total cost reached around 25 billion USD, while the Government District alone cost nearly 50 billion EGP.Districts of the New Administrative CapitalThe New Administrative Capital is divided into several residential and service districts. Here are the most important ones:Government DistrictThis is one of the first districts established in the city and includes Egyptian ministries, the Cabinet headquarters, the new presidential palace, and the parliament.Diplomatic DistrictThe Diplomatic District is dedicated to embassies, international organizations, and foreign missions. It is located near the Government District and Mohammed Bin Zayed Axis.Financial and Business DistrictThe Financial and Business District is one of the most important areas in the New Administrative Capital. It serves as the main financial center for banks, global companies, and international businesses.The district is located west of the Regional Ring Road between the northern and southern Mohammed Bin Zayed Axis. It was built over an area of approximately 1703 square kilometers and includes many famous projects such as Eleven Mall, Sixty Business Park, Pro Mark Mall, and Marquee Mall.It is considered the Egyptian version of Canary Wharf and Dubai International Financial Centre, and it includes the famous Iconic Tower, the tallest tower in Africa.Cultural and Arts DistrictThis district includes the new Opera House along with many theaters, museums, and art galleries.Residential Districts in the New Administrative CapitalThe city includes many residential districts designed with wide spaces and integrated services:R1 – R2: The first residential districts in the city, designed for middle and upper-middle-class residents.R3: Known as the Third Residential District and includes famous projects such as Al Maqsad and Capital Residence.R5: Known as the Diplomatic Residential District and includes projects such as Downtown, IL Mondo, and Sky Capital.R7 – R8: Located in the heart of the New Administrative Capital between the northern and southern Mohammed Bin Zayed Axis. These districts are among the most important residential areas due to their strategic location and proximity to New Cairo. They include famous projects such as Al Maqsad Compound, The Loft, De Joya 1,2,3, and Anakaji Compound.Top Real Estate Developers in the New Administrative CapitalPalm Hills DevelopmentsPalm Hills is one of the strongest real estate companies in Egypt with projects across the country. The company has expanded into the New Administrative Capital with several new projects including:Project 97 Hills.Capital Gardens Palm Hills.City Edge DevelopmentsCity Edge has developed several important projects in the city including:Park Lane: A residential compound with a modern European design located near Mohammed Bin Zayed Axis in the Diplomatic District.Al Maqsad Villas: A compound offering standalone villas, twin houses, and townhouses with large green spaces and smart layouts.Garden City New Capital: Located in R5 District with direct access to major roads and views overlooking South 90 Street.Taj Misr DevelopmentsTaj Misr is one of the leading developers in the Egyptian market and has several projects in the famous R7 district.Talaat Moustafa GroupTalaat Moustafa Group is one of the largest real estate companies in the Middle East and is known for developing famous cities such as:Madinaty.Al Rehab.Nile DevelopmentsNile Developments is considered one of the first Egyptian companies specialized in commercial, administrative, and hotel towers. Its famous projects include:Nile Business City.Nile Business Tower.North Tower 31.TSR Project.Companies That Faced Delivery DelaysPyramids Developments faced noticeable delays in delivering some projects in the Downtown area, and several customers complained about delayed responses and unit handovers.New Plan DevelopmentsNew Plan Developments delayed the delivery of Serrano and Atika projects during 2020.Examples of Famous Compounds in the New Administrative CapitalIL Bosco.Midtown Sky.Scenario Compound.Entrada.Sixty Iconic Tower.Pyramids Business Tower.De Joya Compounds.The City.Towers Project in the New Administrative CapitalThe Iconic TowerThe Iconic Tower is one of the symbols of Egypt and the New Administrative Capital. It is the tallest skyscraper in Africa and is located in the Financial District overlooking the Green River.Specifications of the Iconic TowerTower Height: Around 393 meters with approximately 77 floors.Total Area: Around 242,000 square meters.Above-Ground Floors: 77 floors.Basement Floors: 2 floors.Usage: Administrative – Hotel – Commercial – Entertainment.How to Choose the Right DeveloperChoosing the right developer is one of the most important steps when buying a property in the New Administrative Capital. Buyers should evaluate the developer’s previous projects, delivery history, legal reputation, and construction quality.Master Plan Quality and ServicesThe quality of the master plan is one of the most important factors when purchasing a unit. A successful master plan ensures smooth movement inside the project and balances green spaces, buildings, facilities, and services.Construction Progress on GroundThe actual construction progress is considered a real indicator of the city’s development. According to official statements, construction rates in the New Administrative Capital have reached nearly 90%.Contract Transparency and Maintenance DepositContract transparency is very important for investors to avoid hidden clauses or unexpected conditions. Some contracts may include long delivery periods ranging from 3 to 5 years.Maintenance deposits are also important because some companies may not clearly mention them until after signing the contracts.
- Investment Size in the New Administrative Capital
- Districts of the New Administrative Capital
- Residential Districts in the New Administrative Capital
- Top Real Estate Developers in the New Administrative Capital
- Companies That Faced Delivery Delays
- Examples of Famous Compounds in the New Administrative Capital
- Towers Project in the New Administrative Capital
- How to Choose the Right Developer
- Master Plan Quality and Services
- Construction Progress on Ground
- Contract Transparency and Maintenance Deposit
- Government District
- Diplomatic District
- Financial and Business District
- Cultural and Arts District
- Palm Hills Developments
- City Edge Developments
- Taj Misr Developments
- Talaat Moustafa Group
- Nile Developments
- New Plan Developments
- The Iconic Tower
- Specifications of the Iconic Tower
The idea of the New Administrative Capital was officially announced in March 2015 during the Egypt Economic Development Conference held in Sharm El Sheikh. The Egyptian government introduced the project in the presence of local and international investors to become the new headquarters for ministries, government institutions, embassies, the parliament, the presidential palace, and major private companies. The city also includes some of the best residential compounds in Egypt.
The New Administrative Capital is considered one of Egypt’s fourth-generation cities and the future capital of the country. It is located in Cairo Governorate and was established under the direction of President Abdel Fattah El-Sisi. The city covers around 170,000 acres, making it larger than Singapore and nearly four times the size of Washington, D.C. It is located approximately 60 kilometers east of Cairo and is expected to accommodate around 6.5 million residents after completion.
The total investments in the city were estimated at around 45 billion USD through an agreement between Emaar Properties UAE and the Egyptian Ministry of Housing led by Mostafa Madbouly. The agreement was witnessed by Sheikh Mohammed bin Rashid Al Maktoum and President Abdel Fattah El-Sisi.
Later, Emaar withdrew from the agreement, and Major General Ahmed Zaki Abdeen, Chairman of the Administrative Capital Company, announced that the total cost of the project would reach nearly 300 billion EGP. In 2021, the estimated total cost reached around 25 billion USD, while the Government District alone cost nearly 50 billion EGP.
The New Administrative Capital is divided into several residential and service districts. Here are the most important ones:
This is one of the first districts established in the city and includes Egyptian ministries, the Cabinet headquarters, the new presidential palace, and the parliament.
The Diplomatic District is dedicated to embassies, international organizations, and foreign missions. It is located near the Government District and Mohammed Bin Zayed Axis.
The Financial and Business District is one of the most important areas in the New Administrative Capital. It serves as the main financial center for banks, global companies, and international businesses.
The district is located west of the Regional Ring Road between the northern and southern Mohammed Bin Zayed Axis. It was built over an area of approximately 1703 square kilometers and includes many famous projects such as Eleven Mall, Sixty Business Park, Pro Mark Mall, and Marquee Mall.
It is considered the Egyptian version of Canary Wharf and Dubai International Financial Centre, and it includes the famous Iconic Tower, the tallest tower in Africa.
This district includes the new Opera House along with many theaters, museums, and art galleries.
The city includes many residential districts designed with wide spaces and integrated services:
R1 – R2: The first residential districts in the city, designed for middle and upper-middle-class residents.
R3: Known as the Third Residential District and includes famous projects such as Al Maqsad and Capital Residence.
R5: Known as the Diplomatic Residential District and includes projects such as Downtown, IL Mondo, and Sky Capital.
R7 – R8: Located in the heart of the New Administrative Capital between the northern and southern Mohammed Bin Zayed Axis. These districts are among the most important residential areas due to their strategic location and proximity to New Cairo. They include famous projects such as Al Maqsad Compound, The Loft, De Joya 1,2,3, and Anakaji Compound.
Palm Hills is one of the strongest real estate companies in Egypt with projects across the country. The company has expanded into the New Administrative Capital with several new projects including:
Project 97 Hills.
Capital Gardens Palm Hills.
City Edge has developed several important projects in the city including:
Park Lane: A residential compound with a modern European design located near Mohammed Bin Zayed Axis in the Diplomatic District.
Al Maqsad Villas: A compound offering standalone villas, twin houses, and townhouses with large green spaces and smart layouts.
Garden City New Capital: Located in R5 District with direct access to major roads and views overlooking South 90 Street.
Taj Misr is one of the leading developers in the Egyptian market and has several projects in the famous R7 district.
Talaat Moustafa Group is one of the largest real estate companies in the Middle East and is known for developing famous cities such as:
Madinaty.
Al Rehab.
Nile Developments is considered one of the first Egyptian companies specialized in commercial, administrative, and hotel towers. Its famous projects include:
Nile Business City.
Nile Business Tower.
North Tower 31.
TSR Project.
Pyramids Developments faced noticeable delays in delivering some projects in the Downtown area, and several customers complained about delayed responses and unit handovers.
New Plan Developments delayed the delivery of Serrano and Atika projects during 2020.
IL Bosco.
Midtown Sky.
Scenario Compound.
Entrada.
Sixty Iconic Tower.
Pyramids Business Tower.
De Joya Compounds.
The City.
The Iconic Tower is one of the symbols of Egypt and the New Administrative Capital. It is the tallest skyscraper in Africa and is located in the Financial District overlooking the Green River.
Tower Height: Around 393 meters with approximately 77 floors.
Total Area: Around 242,000 square meters.
Above-Ground Floors: 77 floors.
Basement Floors: 2 floors.
Usage: Administrative – Hotel – Commercial – Entertainment.
Choosing the right developer is one of the most important steps when buying a property in the New Administrative Capital. Buyers should evaluate the developer’s previous projects, delivery history, legal reputation, and construction quality.
The quality of the master plan is one of the most important factors when purchasing a unit. A successful master plan ensures smooth movement inside the project and balances green spaces, buildings, facilities, and services.
The actual construction progress is considered a real indicator of the city’s development. According to official statements, construction rates in the New Administrative Capital have reached nearly 90%.
Contract transparency is very important for investors to avoid hidden clauses or unexpected conditions. Some contracts may include long delivery periods ranging from 3 to 5 years.
Maintenance deposits are also important because some companies may not clearly mention them until after signing the contracts.
