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Business Insider Africa
Business Insider Africa
Egypt is gearing up to invest billions in doubling the dimensions of a lavish new capital being constructed in the desert, situated 45 km (28 miles) east of Cairo. Egypt is preparing up to invest billions in doubling the dimensions of a new capital being constructed in the desert.Initial residents of the city are gradually moving in.Critics argue that these projects divert resources and contribute to an escalation of Egypt’s debt burden.The city is the largest among a series of mega-projects that President Abdel Fattah al-Sisi, says are essential for economic development and to accommodate the…