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The Latest Breaking News from New Administrative Capital

Egypt Establishes Spiritual, Political Status of New Administrative Capital

The Egyptian government established the spiritual and political status of its New Administrative Capital (NAC) and is gradually transferring the ministries, legislative, and security institutions there. On Thursday, President Abdel Fattah al-Sisi met with Prime Minister Mostafa Madbouly and cabinet members at the Strategic Leadership Center in the New Administrative…

Asharq Al-Awsat · Mar 24, 2023

Egypt Opens Door to Local, Foreign Investments

Egypt Opens Door to Local, Foreign Investments

Egypt's robust infrastructure and supportive political will that supports the private sector has opened its doors to local and foreign investments to achieve comprehensive and sustainable development, said the country's Finance Minister. Mohamed Maait met with the CEO of the International Islamic Trade Finance Corporation (ITFC) and Islamic Corporation for…

Asharq Al-Awsat · Sep 10, 2022

Egyptian Govt Confirms Plan to Move to New Capital

Egyptian Govt Confirms Plan to Move to New Capital

Egyptian government officials confirmed the plans to move to the New Administrative Capital. Head of the Central Agency for Organization and Administration (CAOA) Saleh El-Sheikh said the government is adopting professional plans to move to the New Capital and has developed a guide to implement its goals for the transfer…

Asharq Al-Awsat · Jun 30, 2022

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Egyptian Ministries Begin Gradual Move to New Cairo

Egyptian ministries are gradually establishing New Cairo as the country's New Administrative Capital, with several officials holding meetings at their headquarters. The New Capital is located about 75 kilometers east of Cairo, and the cost of investments in its first phase is estimated at EGP300 billion. President Abdel Fattah el-Sisi…

Asharq Al-Awsat · Feb 7, 2022

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