Daily News Egypt· 3d ago· 1 min read
Egypt has developed 39 new cities over the past decade as part of its urban expansion strategy, with the New Administrative Capital emerging as the country's flagship smart city and a model for investment-led development, Deputy Minister of Housing for New Urban Communities Walid Abbas said on Monday.
Speaking at the opening of Capital Forum 2026, held under the patronage of Prime Minister Mostafa Madbouly, Abbas described the New Capital as an unprecedented urban development project that reflects Egypt's ability to implement its Vision 2030 strategy while creating a globally competitive destination for investment and business.
“The New Capital is more than a new city; it is an integrated investment and development model that has strengthened Egypt's position in smart urban development,” Abbas said.
He added that investment in the new cities extends well beyond real estate to…
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