[ Cairo, EGYPT ]
The New Administrative Capital located in exurban Cairo, is under development since 2015, a project encompassing 270-square-miles in area with 21 new residential districts. The project’s housing areas could house some five million residents.
Total capital costs are estimated at $45 billion.
From a 2015 post:
The Egyptian government has announced plans to build a new capital to the east of the present one, Cairo. The project is estimated at USD $45.0 billion to complete, over a five to seven year build-out.
The capital city would be built over 700 sq km (270 sq miles) and house about five million residents.
The proposed new capital city has not yet been named.
The feasibility of the mega project has not been established.
The objective for the new city development, is to ease congestion and overpopulation in Cairo. The population of greater Cairo now estimated at about 18 million, is expected to double within 40 years.
The new capital city is a project of Capital City Partners, a private real estate investment fund led by Emirati Mohamed Alabbar.