Dr. Moustafa Madbouli – Prime Minister explored a report published in Engineering New Record (ENR) which stated that Egypt is in the midst of a huge construction boom—the center of which is a New Administrative Capital intended to modernize the seat of government for the country of 103 million people in a new city 28 miles east of Cairo.
ENR added that tThe Egyptian government announced in 2015 it would build a new capital on 270 sq miles of land located between the main roads leading to the port cities of Suez and Ain El Sokhna. When the NAC is complete in 2050, it will be home to up to 7 million people.
The magazine reported that the Arab Contractors Company is putting the finishing touches on the new parliament building, which so far has required 16.5 million work hours from 6,400 workers and 300 engineers. The project covers an area of 126,000m2. The building has 1,000 administrative offices, and a 50-m-dia dome.
ENR added that Phase 1 will establish the core of the new city and concentrate on the essential needs to get the new capital up and running. It covers development of 40,000 acres, including a government district, a commercial district and a downtown district built along the Green River.
Phase 2 will expand the city by a further 47,000 acres with more residential and business areas, and phase 3 will follow the same direction by expanding a further 97,000 acres.
Mr. Mohamed Abdalla, Chairman of Coldwell Bank Middle East and Vice Chairman of Acumen Holding Investment Bank told ENR “You can imagine a city that stretches from the Nile River to the Red Sea; We are witnessing something significant in the history of Egypt.”
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El Gamal added that the Egyptian companies account for 70% to 80% of finishing for the buildings in the NAC and 40% for electromechanical works.
El Gamal told ENR that Redcon is implementing the high-speed rail that will connect the Red and Mediterranean Seas via the NAC and Cairo. He said that “Transportation will be the key to the NAC’s success.”.