Country
Egypt
Sector
Infrastructure
Intelligence Type
Project
Status / Stage
Under Construction
Estimated Value
USD Billion (total) 59
Confidence
Confirmed
Latest Development
Egypt’s $59bn new city 45km east of Cairo progressing through Phase 2 — adding commercial, residential and cultural districts to Phase 1 (government district, partially operational). One of the world’s largest urban development programmes. CSCEC (CBD towers), Orascom and Arab Contractors are among contractors.
Project Details
Project TypeNew city — government, CBD, residential, cultural districts
Project OwnerAdministrative Capital for Urban Development (ACUD)
Main ContractorCSCEC; Orascom Construction; Arab Contractors
Project DeveloperACUD; CSCEC (CBD)
Start Date2015
Expected CompletionPhase 2: 2026-2030
Current PhaseConstruction
Funding StatusPartial
Key Issues / Risks
Egypt's fiscal pressures slow Phase 2 funding. Population transfer from Cairo slower than planned.
Latest Development (Detail)
Phase 1 government district partially operational. Phase 2 underway.
What Happens Next
Phase 2 commercial and residential district completions.
Commercial Opportunity
One of the world's largest ongoing urban construction programmes — every infrastructure category under active procurement.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)CCE Online News December 2025; Orascom investor presentations; ACUD official
Source Date2024–2026