Can Egypt Afford a $50 Billion Oasis? Inside the Controversial New Capital
Can Egypt Afford a $50 Billion Oasis? Inside the Controversial New Capital
Egypt is embarking on an ambitious $50 billion project to build a new administrative capital in the desert east of Cairo. This new capital, nicknamed “Sisi City” or “The New Administrative Capital (NAC)”, aims to alleviate the overcrowding and strain on Cairo’s infrastructure. But the project has sparked controversy, with critics questioning…
source
Reviews
0 %
This is a demo advert, you can use simple text, HTML image or any Ad Service JavaScript code. If you're inserting HTML or JS code make sure editor is switched to 'Text' mode.
A mortgage swap could move people quickly to the new city and free up housing in Old Cairo. You could let the holding company take the old property and sell it while off setting the cost of the new property only paying off the difference. It would be the quickest way to have the new city utilize without marginalizing the local population.