The Egyptian government has announced it's plans to build a new capital just east of Cairo, the current capital. The project is projected to cost around 45 billion dollars and will possibly take around five to seven years to complete. This project is supposed to help with the congestion that is said to come to Cairo in the next 40 years. The new city, which has yet to be named, would include 200 schools and colleges, more than 600 health care facilities, and will house around five million residents. An "Egyptian Shangri La," this project, which will create at least a million jobs, has hopes in bringing the Egyptian economy back on it's feet. Saudi Arabia, Kuwait and the United Arab Emirates have each pledged four billion dollars to invest in Egypt's new world capital.
Full article: http://www.bbc.com/news/business-31874886
~Sarah Irene Rosenberg
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