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Old March 15th, 2015, 12:47 PM   #21
RokasLT
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And who will finance this project? l think, Egipt don't have such amount of money to finance it by its own: UAE, KSA...?
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Old March 15th, 2015, 12:57 PM   #22
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But, it's already U/C??
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Old March 15th, 2015, 07:52 PM   #23
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Quote:
Originally Posted by PaulRubens View Post
As a matter of planning it's weird to see those housing areas just at the beginning and end of the airport runways.
I thought that too. If it really happens, i don't expect the airport as huge as they owed us.
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Old March 15th, 2015, 07:54 PM   #24
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Originally Posted by Garbo View Post
But, it's already U/C??
The ''GO'' was given and the construction should start in the next couple of days.
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Old March 15th, 2015, 08:23 PM   #25
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Very interesting developments. I wonder how they manage to get the city as green as in the model. It is a very dry desert at the moment.
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Old March 15th, 2015, 09:07 PM   #26
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Quote:
Originally Posted by Christi69 View Post
Perhaps will they revert to the former names of Cairo, Al-Fustat or Memphis, reuniting the past with the future?
This is not the first time a country decides to move its capital city, but in this case its location is very close to the current one, and looks more like a new neighbourhood (huge indeed!) than a brand new city in the wilderness (cf. Washington, Canberra, or Yammoussoukro); so they will perhaps retain the same name, like New Dehli, close to historical Dehli.
Quite possible, but in the event that they decide to use a historic name; it's pretty good that they got a large list then.

http://en.wikipedia.org/wiki/List_of...itals_of_Egypt
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Old March 15th, 2015, 11:30 PM   #27
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Anyone know whats in that area at the moment?

It does seem like a well thought out masterplan, but $45BN doesn't seem anywhere near enough for a city like this, including building out transit and so on.. Who pays for what? Would all the world's countries be effectively forced to pay to build new embassies?

I'm intrigued to see how this develops.
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Old March 16th, 2015, 12:08 AM   #28
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Nice fantasy.
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Old March 16th, 2015, 02:24 AM   #29
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Quote:
Originally Posted by thevladski View Post
Anyone know whats in that area at the moment?

It does seem like a well thought out masterplan, but $45BN doesn't seem anywhere near enough for a city like this, including building out transit and so on.. Who pays for what? Would all the world's countries be effectively forced to pay to build new embassies?

I'm intrigued to see how this develops.


Quote:
The conflict also came in the size of finances allocated for the scheme, with Abbar, in his interview with Adeeb, setting the amount at US$90 billion, in contrast to the widely-circulated cost of US$45 billion, which was also quoted by the government.
http://www.egyptindependent.com//new...-s-new-capital
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Old March 17th, 2015, 11:51 AM   #30
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A great project but for this to happen it needs financial and political stability which is lacking in Egypt right now let alone safety to build such tall buildings
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Old March 17th, 2015, 02:34 PM   #31
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Originally Posted by Gabriel900 View Post
A great project but for this to happen it needs financial and political stability which is lacking in Egypt right now let alone safety to build such tall buildings
What safety? The Canal of suez was successfully implemented with no unsafe area..

anyway,

There will be a voting process to find out the name of the city. http://www.masrawy.com/News/News_Egy...campaign=7koma
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Old March 18th, 2015, 02:17 AM   #32
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i Hope Emaar get good foreign backing for this. It Isn't much to get in Egypt theese days

its is great if the emirates and Saudi arabia put money into this, Egypt really needs something like this.

any ideas on how high the tallest tower will be, looks supertall+
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Old March 18th, 2015, 02:49 AM   #33
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Originally Posted by INFERNAL ELF View Post
i Hope Emaar get good foreign backing for this. It Isn't much to get in Egypt theese days

its is great if the emirates and Saudi arabia put money into this, Egypt really needs something like this.

any ideas on how high the tallest tower will be, looks supertall+
Eemar won't contribute in the project according to sources close to the government. Things are still confusing but the government actually refuses to announce the two firms in question. One thing is sure, the housing ministry declared to Almasryalyoum newspaper that the project will kickstart in 50 days.
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Old March 19th, 2015, 05:06 PM   #34
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What can $300 billion buy in Egypt? A new capital or a pipedream


Quote:
(Reuters)

Its new capital is eventually designed to cover some 700 sq km (435 sq miles), roughly the size of Singapore, contain 1.1 million homes and create 1.75 million jobs, according to its promotional website. (www.thecapitalcairo.com)

It will also cost some $300 billion to complete, according to Mohamed Alabbar, the United Arab Emirates real estate tycoon who helped develop the Burj Khalifa skyscraper in Dubai and who is leading the mega Egyptian venture.

http://www.reuters.com/article/2015/...Name=worldNews

So apparently the true cost of the city will be around $300Bn
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Old March 20th, 2015, 07:01 PM   #35
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Al-Sisi orders army to evacuate lands to build new capital

President Abdel-Fattah Al-Sisi ordered the Armed Forces to evacuate lands to build a new administrative capital, said presidential spokesman Alaa Youssef.

The new administrative capital project was announced during the Egypt Economic Development Conference held in the Red Sea resort city of Sharm El-Sheikh on 13-15 March.

This came during a meeting with the commanders of the Armed Forces to discuss steps to start the execution of the planned project.



Source: http://www.tnnegypt.com/al-sisi-orde...d-new-capital/
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Old March 20th, 2015, 07:33 PM   #36
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let's be realistic here is that for real
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Old March 20th, 2015, 10:41 PM   #37
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the model seems to be real
but this project will probably never be real
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Old March 24th, 2015, 04:27 AM   #38
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The way it was marketed vs the way similar projects work shows great discrepancy and dishonesty. Building an infrastructure and expect private investors to build the city without governmental interference is always a long and agonizing process.

Let's look at similar projects in the region.

Jebel Ali, Started 2002 (UAE) :

Some quotes from the news,

Quote:
Work on the Palm Jebel Ali development began in 2002 but was stalled in the wake of the Dubai property crash, which saw property prices slump by up to 60 percent and around half of projects mothballed indefinitely..
Quote:
In November, a letter signed by 74 investors in Nakheel’s Palm Jebel Ali project was sent to the office of Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum, highlighting the uncertainly and negative impact the delay in delivering the project has had on the group..
Quote:
Lootah said this week that the project was definitely not cancelled and Nakheel would resurrect it at some time in the future when market conditions make it viable.
KAEC, started 2005 (KSA):

Quote:
The city currently resembles a dusty building site dotted with building cranes. Work is not expected to be complete on the building for at least 10 years.
Quote:
The late king had pinned his hopes for his country's future on the new city. Fifteen percent has been built thus far, as public facilities and residential areas are still under construction. Plans for the city include a port, industrial complex, a financial island, beach facilities and residential neighborhoods.
Let's keep in my mind that "New Cairo" is way bigger than both of these projects. And Sheikh Maktoum who "oversaw" the agreement between President Al-Sisi and Alabaar is the same guy that had those letters sent to him by the 74 Investors regarding the Jebel Ali crisis.
So to think that UAE is going to divert their attention and potential investors away from its struggling projects and into this one is completely nonsensical.


IMHO, with taking into consideration the magnitude of the project and the lack of transparency and clarity and the numerous contradictory statements by officials and governmental bodies, "New Cairo" is starting to look as nothing more than shameless propaganda.
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Old March 24th, 2015, 11:10 AM   #39
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Quote:
Originally Posted by londonfai View Post
The way it was marketed vs the way similar projects work shows great discrepancy and dishonesty. Building an infrastructure and expect private investors to build the city without governmental interference is always a long and agonizing process.

Let's look at similar projects in the region.

Jebel Ali, Started 2002 (UAE) :

Some quotes from the news,







KAEC, started 2005 (KSA):





Let's keep in my mind that "New Cairo" is way bigger than both of these projects. And Sheikh Maktoum who "oversaw" the agreement between President Al-Sisi and Alabaar is the same guy that had those letters sent to him by the 74 Investors regarding the Jebel Ali crisis.
So to think that UAE is going to divert their attention and potential investors away from its struggling projects and into this one is completely nonsensical.


IMHO, with taking into consideration the magnitude of the project and the lack of transparency and clarity and the numerous contradictory statements by officials and governmental bodies, "New Cairo" is starting to look as nothing more than shameless propaganda.
Considering the fact that the Egyptian government is basically a military dictatorship; are you really surprised this is shameless propaganda?

Anyways; what exactly are the choices that the people of Egypt will vote on for the name of the new capital?
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Old March 25th, 2015, 02:59 AM   #40
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Originally Posted by blacktrojan3921 View Post
Considering the fact that the Egyptian government is basically a military dictatorship; are you really surprised this is shameless propaganda?

Anyways; what exactly are the choices that the people of Egypt will vote on for the name of the new capital?
Big. The housing Ministry confirmed


----

Okay here is some context as to why this is the case,

First of all, we are talking about a new administrative district (I don't like the term capital city, it's still part of Greater Cairo), Nd so it will need to build up it's branding and international name and that's not going to happen over night.

Secondly, we're talking about a contract between just TWO parties, you're still talking about a business district with multinational HQs, hospitals, education institutes, your local business, Footballing club/s, airport and so on. For this to function there are 100s of contracts and agreements that needs to be made.

Think of this $45bn kickstart as the basic infrastructure that is needed to facilitate all that, so roads, housing, some commercial units, administrative district and some educational units, facilities, electricity? water? sewage? and so on. So that 40 years timeline I think it's not really creditable, it all depends on how good those whom are planning the project are, they can 50% of the city's functional contracts signed during the 7 years or even all possible contracts, it's up to them how well they sell it for further investment.
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