9,420.42 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.40 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.75 TRY Interest Interest
71.81 USD Fossil Oil Fossil Oil
30.38 USD Silver Silver
4.10 USD Copper Copper
98.18 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,835.93 TRY Gold (gr) Gold (gr)

A new city is being built in Egypt

Egypt's ambitious new administrative capital, a large-scale infrastructure project on the edge of Cairo that will be crowned with Africa's tallest skyscraper.

A new city is being built in Egypt
Halfway between the historic city of Cairo and the Gulf of Suez lies Egypt's new administrative and financial capital (NAC), whose name has not yet been announced. The new metropolis, which is still under construction, increases impressively from a vast desert of 700 km2, previously 45 km east of the Nile.
Cairo's 20 million residents already make it one of the most populous cities in the world, and the larger region's population is expected to double in the next 20-30 years. The new city is expected to ease congestion and accelerate economic development as part of the Egypt Vision 2030 program.
Designed to house the country's main government departments and ministries, as well as foreign embassies, NAC will house a population of 6.5 million when completed.
Planned to support 21 residential areas and 25 special zones, the city will have a sprawling park with a steel and concrete composite structure 'green river' that will flow along the NAC, mimicking artificial lakes and the path through which the Nile passes.
The city will also include 2,000 educational institutions, more than 600 hospitals and clinics, a technology and innovation park, and a huge theme park that will be four times the size of Disneyland.
The city will be home to a new 93,000-seat national stadium that, when completed, will be Africa's second-largest. The stadium roof, which will be supported by a high-strength steel lattice frame and steel suspension cables, was designed to resemble Queen Nefertiti's ceremonial headgear.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Swiss Steel Group board changes

Thursday, October 31, 2024

Per Elfgren appointed as new president of SSAB Special Steels

Wednesday, October 30, 2024

Analysis of last week's market situation

Monday, October 28, 2024

Salzgitter AG appoints Denecke-Arnold as new president of Salzgitter Flachstahl

Tuesday, October 22, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now