Egypt to Ditch Cairo, Build New Capital Worth 45 Billion Dollars
March 31, 2015
For nearly 1,000 years, Cairo has served as the Capital of Egypt. But, now the government is all set to ditch the ancient capital city and build a glitzy and modern capital instead. Pollution, increasing population, soaring rents and the never ending traffic has forced the government into planning an entirely new capital for the country.
Egypt is teaming up with a UAE based developer to build a city, which will be considered to be the world’s most ambitious programs. The new capital is...