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3/31/2024

Topic Reading-Vol.4359-3/31/2024

Dear MEL Topic Readers,
A new city is rising in Egypt. But is it what the country needs?
The metro area population of Cairo, Egypt has been increasing at around 2% annually in the last few years and is now over 22 million. Around 45 kilometers east of Cairo around halfway to the seaport city of Suez, the New Administrative Capital (NAC) has been being built since 2015. NAC is expected to be the new capital, become a center for business and investment, house millions of people, and relieve congestion in Cairo. It is going to house the government’s administrative offices but also is designed to attract businesses and foreign investments with high-tech, modern, and sustainable infrastructure. Phase one of the project has nearly been completed, and thousands of people have moved in already and about 48,000 government employees are commuting there from Cairo via an electric train. However, Egypt is still going through a period of economic downturn and has been funded heavily by international funding. Also, what about the people in Cairo and other areas? Will they benefit from the heavy investment in the middle of nowhere? By the way, the new capital is yet to be named.
Read the article and learn about Egypt’s new capital.

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