Egypt unveils plans to build new capital east of Cairo
Mr Madbouly said the population of greater Cairo, estimated at about 18 million, was expected to double within 40 years.
The Egyptian parliament and its government departments and ministries, as well as foreign embassies, would move to the new metropolis, he said.
"We are talking about a world capital," he added.
Developers say the new city - the name of which has not been revealed - would include almost 2,000 schools and colleges and more than 600 health care facilities. They say the project will create more than a million jobs.
It is planned to be built over 700 sq km (270 sq miles) and house about five million residents.
WSPanic wrote:So, they're just going to build an entire metropolis? At once? Intriguing.
What's a new city run these days?
Around $45 billion.
That sounds like a steal. Cerner's campus cost of $3 billion still blows my mind. It seems like a rip off.
We have to remember that workers don't get paid well in Egypt, so building a whole city for 5 million residents, for $45 billion, is cheap only because of that fact.
