Tag: egypt new capital
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Oman Invests in $2.6 Billion ‘Smart’ City to Diversify Economy and Preserve Local Culture
Oman is embarking on a transformative journey with its $2.6 billion ‘smart’ city project, Sultan Qaboos City, signaling a significant departure from the high-rise dominated skylines typical of cities like Dubai. This initiative aims to modernize Muscat while preserving its unique character, offering a blend of housing for locals, expatriates, and tourists within a more…
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Egypt’s Economic Strain Intensifies Amid $58 Billion New Capital City Project
Egypt is constructing a new administrative capital city 20 miles east of Cairo, a nearly $58 billion project aimed at decongesting the current capital and creating new opportunities. However, amid an economic crisis and significant borrowing, questions arise about the country’s ability to afford the new capital. The project includes a central park, a main…