In a move to promote the investment opportunities in the New Administrative Capital (NAC), the Egyptian pavilion at Expo 2020 Dubai reviews the exceptional plans and expected investments in the NAC and the governmental achievements in this huge national project, Invest-Gate reports.

Entitled “How will the NAC be among the most powerful capitals in the world”, the Egyptian pavilion has held a session at the “Expo Dubai 2020”, on the 14th of November. The speakers include Gihan Gadou, public relations manager of the Administrative Capital for Urban Development “ACUD”, and Hamed Mousa, urban planning head at ACUD, and Mina Adel, project manager at ACUD.

The session covered the NAC’s first phase details, which extends over ​​40,000 acres and includes the Administrative District, Commercial District, Residential Neighborhoods, the Government District, the Presidential Palace, and other areas.

The session also highlights that the NAC is supported by new means of transportation, namely the light electric train (LRT), which connects the Greater Cairo with the NAC, in addition to the high-speed train (HSR), which will connect the first phase of Matrouh City and Ain Sokhna. This train will provide an alternative connection between the Mediterranean and the Red Sea.

Gadou says that ACUD has been keen to create a smart city with a unified digital infrastructure that includes an integrated and smart transportation network and provides a sustainable green environment, noting that the NAC is being promoted as a real profitable deal for investors and clients.

“In Egypt, we consider NAC as a mediator of integration and communication between us and the world, which enhances cooperation and cohesion between different cultures to create a global city with global features”, Gadou adds.

She further explains that the NAC is being built over three phases, located over an area of ​​184,000 acres. The first phase covers 40,000 acres, while the second and the third span over 47,000 acres and 98,000 acres, respectively.

Gadou noted that that NAC is surrounded by new urban cities such as Mosqbel City, Madinaty, New Cairo, and others.

For his part, Mousa highlights that the NAC is the first smart city in Africa, adding that the strength of the NAC comes due to its smart infrastructure, services and transportation, as well as following international sustainability standards in its implementation.

He further notes that the NAC is among 19 other cities to achieve urban development in Egypt and expand the developed areas to 14% from 7%. Mousa also comments, “The population rate in Egypt increases by 500,000 people annually, which means that by 2030 the increase will be by 25 million people. NAC is scheduled to accommodate about seven million people from this increase”.

Additionally, the NAC’s location will create growth in eastern Egypt through integration with the Suez Canal area by providing housing units for workers and headquarters for foreign companies, he remarks.

Furthermore, he points out that the green spaces have been allocated for each person in the NAC, ranging from 15 sqm to 20 sqm. Besides, the government is currently establishing the Capital Park that extends over an area of ​​7,000 acres.

Mousa states that there are eight university branches that have been established in the NAC, stressing that the capital includes great investment opportunities for mixed-use projects, whether residential, hospitality, medical, or recreational.

Meanwhile, Adel elaborates that the NAC is surrounded by a very strong and fast road network, linking it to other cities, in addition to three major railway systems are the Monorail, the LRT, and the HSR.

Regarding transportation projects, Adel explains that the LRT will be completed by the end of 2021. It is 103 km long and covers 19 stations, with a total investment of USD 2.2 bn. The total length of the monorail is 57 km, and it is scheduled to be completed by the end of 2022. It is the first monorail in Africa and includes 22 stations, with a total investment of USD 1.55 bn. The length of the HSR is 660 km for the first stage, with an investment cost of USD 9.35 bn.

Additionally, Adel points out that there is an international airport in the NAC, which is 14 km from Cairo International Airport. The NAC is about 60 km from the port of Suez and 45 km from the port of Sokhna, which gives it a logistical and commercial value.