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Reference: SE 23542
EGP 2,900,000
Nouran Mohamed
01090104040

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Sedra Homes
Hotline: 19312
+2 01222181237
Category:
Villas / Townhouses / Sale
Type:
Townhouse
Price:
EGP 2,900,000 Installment
Finishing Status:
Semi Finished
Plot Area:
300 sqm
Building Area:
300 sqm
Street Width:
25
No of Floors:
3
Bedrooms:
4
Bathrooms:
4
Flooring:
check Other  
Facing:
check North  
View:
Landscape
Price:
EGP 2,900,000
Down Payment:
EGP 290,000
Installments:
24
The value of Installment:
EGP 108,750 / Quarterly
Delivery Date:
2020
License:
Residential
The type of ownership:
Registered
Last Updated:
Mon 24 Apr 2017

The new , yet-unnamed city is to be located 45 kilometers (28 miles) east of Cairo and just outside the Second Greater Cairo Ring Road in a currently largely undeveloped area halfway to the seaport city of Suez. According to the plans , the city would become the new administrative and financial capital of Egypt , housing the main government departments and ministries , as well as foreign embassies. On 700 square kilometres (270 sq mi) total area , it would have a population of five million people , though it is estimated that the figure could rise to seven million.[2][3]
Officially , a major reason for the undertaking of the project was to relieve congestion in Cairo , which is already one of the world's most crowded cities , with the population of greater Cairo expected to double in the next few decades.
The city is planned to consist of 21 residential districts and 25 "dedicated districts." Its downtown is to have skyscrapers and a tall monument said to resemble the Eiffel Tower and Washington Monument. The city will also have a park double the size of New York City's Central Park , artificial lakes , about 2 , 000 educational institutions , a technology and innovation park , 663 hospitals and clinics , 1 , 250 mosques , 40 , 000 hotel rooms , a major theme park four times the size of Disneyland , 90 square kilometers of solar energy farms , an electric railway link with Cairo , and a new international airport at the site of the preexisting Wadi al Jandali Airport currently used by the Egyptian Air Force
It will be built as a smart city. It is planned that the transfer of parliament , presidential palaces , government ministries and foreign embassies will be completed between 2020 and 2022 at a cost of US $45 billion. A full cost and timescale for the overall project has not been disclosed
In September 2015 Egypt cancelled the MoU signed with the UAE’s Mohamed Alabbar during the March economic summit since they did not make any progress with the proposed plans.[16] In the same month Egypt signed a new MoU with China State Construction Engineering Corporation (or "China Construction") , to “study building and financing” the administrative part of the new capital , which will include ministries , government agencies and the president’s office.[17] According to an Egyptian news paper[which?] , Egyptian construction company El-Mokawloon El-Arab was called for constructing the water supply and sewage lines to the proposed new capital. The company stated that the studies needed were done in August and it is supposed that the project will take 3 months to supply the city with the main services needed in order to prepare it for the construction work

Amenities

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