By Yasmeen Badawy
To our delight, Egypt’s New Administrative Capital will be Egypt’s first smart residential city and we’re all curious to know how. In a phone interview on DMC Channel, the Deputy Minister of Housing, Khalid Abbas, stated that the reservations of the units will be through electronic methods.
Moreover, it has implemented new housing units pending the installation of facilities and services. Housing units are to be delivered in a year. The capital will host ministries, the parliament, Egyptian Media Production City, presidential palace, and embassies. The building of this capital provided almost 170,000 jobs and more jobs are expected to be provided in the coming phases. According to Egypt Independent, The New Administrative Capital Company is 51 percent owned by the armed forces and 49 percent by the New Urban Communities Authority (NUCA).
This project is of importance because prices of Cairo houses will witness a significant decrease as a result of the rise in supply. The New Administrative Capital is one of Egypt’s largest projects in the current period. The capital will include 20 residential areas, an international airport, and an electric train. The capital is expected to be a home for 6.5 million people. Moreover, the capital will host 1250 mosques and churches, a conference center, and schools and colleges, as well as the largest park in the world.