Geoeconomics of Egypt's new capital
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- Опубликовано: 12 фев 2019
- For over a thousand years, Cairo has served as the heart of Egypt. Yet, some 40 kilometres to the east, the government is constructing a new capital.
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BAKU - For over a thousand years, Cairo has served as the heart of Egypt. Yet, some 40 kilometres to the east, the government is constructing a new city, and if all goes to plan, it will act as the new seat of Egypt’s government. It promises to be bigger, better and newer, but a project of this magnitude also carries significant geo-economic implications.
Soundtrack:
Decisions by Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
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Good video but terrible looking capital. They are making the same mistake as Brazil creating a city for cars and planes but not for people.
Where are the bike paths, light rail, street markets? How will citizens get to work? Who collects garbage? And all the architecture is modern with no soul or character. Just like Dubai it’s another capital without soul.
These pop-up cities are designed by architects with no clue on how a city functions. It all looks good on paper but it has no soul.
A city should be modeled after Paris, Tokyo, or the old Cairo. The modern architects dream only of their own egos and do t understand daily life. The need to walk, eat, and meet people. The need for human expression and having a neighborhood with character. These pop up cities are really just airport cities for tourists.
@Kathy Greens lol its more like mo money mo problems
It's an Egyptian tradition to move capitals every thousand years...
Teba>manf>Alexandria>Cairo
"They will now sacrifice 1000 animals... as is the tradition"
@@faithfulsoldier519 you, sir, fail to make sense.
@@boda9758 manf before thebes
@@boda9758 Teba>Manf>Alexandria>Fustat> Cairo.
Sane people: Rome wasn’t built in a day.
Egyptian Government: Hold my beer.
Dude’s nuts. He just reallots all the country’s resources to whatever he thinks best
😂
Abdelrahman all the resources! Really?
It’s sad how a great empire falls because of islamization in 7th century. 😭😭😭 rip Egypt
* lmao just realized that
This sounds like the palace of Versallies. Build a lavish place for the elites away from the crime and poverty of the city but still close enough to keep an eye on things
exactly, only the upper class will survive. the poor and proletariat will suffer a lot
And water remains wet...
Ahmed Ramadan fuck off commie
@@michaelgarcia9640 he's not saying he likes that, but it is going to happen inevitably
Michael Garcia Stating facts isn’t communist.
Australia are spending $17b on a 33km road.
I'd say starting a new city would be more useful...
ha! we can go lower!
Romania Spent 1b euros for literally 1km of highway
@@AdrianDanielGuard loool..what if i told you in the past four years, Egypt has completed 75% of the national road project, which aims to build new roads of 2200 km and develop another 2500 kilometers at a cost of only $ 2.5 billion
WTF. The road made of gold? Why is it so expensive?
@@eit225 😂😂😂
@@eit225 Road made by Australian white supremacist sweats.
Wish the better for Egypt.. 🇪🇬
Salam from Indonesia.. 🇮🇩
Whatever situation of the government, the people should keep optimist and keep building the economy..
Thanks Arief !!!
We love u too ❤
I don’t think el Sisi has realized that he’s not playing Civ and that he can’t use his civilization’s bonuses for building wonders.
Brilliant.
Nuclear Gandhi coming soon.......
egypt is currently building 14 new cities beside the new capital...providing housing at the rate of one million unite per year.....prices range from 3000$ per sq meter to 30$ per sq meter over 5-7 years installments. to contain a 2.5 million annual population growth (that's increasing more than all syrians in the past 7 years)
egypt already added 7500 km to it's road network in 4 years (that's more than jordan's entire road network)
increased energy grid capacity by 60% in the last 5 years (16 gigawatts in 16 months a world record according to siemens) including the largest solar park in the world and aims to reach a 100% increase by 2022 of which 20% would be renewable energy.
egypt is hosting 6 million refugees in the last 10 years without building any refugee camps and the population increase is at 2.5% yet unemployment has been decreasing for the past 3 years (now it's lower than france , spain and italy).
this year it will achieve a gdp growth of 6% which is projected to to have the 3rd highest world average in the next decade...it's gdp ppp per capita (19th ranking globally as of 2019) is projected to increase by 35% in the next 5 years (surpassing canada). it's expected to have the the 7th ranking gdp ppp in 2030 (according to bloomberg).
debt to gdp is decreasing while public spending is increasing for the last 3 years and is projected to continue the trend for the next three years despite a 40% budget increase in the past 3 years from 800bn egp to 1.4 trillion egp. (source for economic projections is IMF outlook report oct. 2018)
all of this while fighting isis and cracking on radical islamists....looks like egypt is still capable of wonders.
@@ma.s2386 You forgot to mention how the middle class has been destroyed by the Egyptian pound devaluation.
All this amazing growth is almost completely restricted to the elite 1% of Egyptian society.
@@vengefulavenger7552 egypt is far from having a capitalist economy........as of 2009 top 10% of egyptians had 24% of the income, poorest 10% had 4% of the income and the middle 80% had 70% of the income.....and wealth got more distributed in the last 10 years due to the revolution....
.egypt today has the highest gdp ppp per capita in africa and it has a lower unemployment rates than italy, spain and turkey.....where do you think the steel, concrete, bricks, asphalt, glass, plastic, furniture, lighting for entire cities come from ? does the 1% shit it out of their asses ? who do you think manufacturers , transports and installs those materials ? these projects provide millions of direct and indirect job opportunities and billions in the form of wages...
upon completion those cities will need doctors, lawyers, engineers, salesmen, shops, restaurants, drivers, teachers etc.......this is how economies grow....by creating new opportunities....not by rationed low quality free of charge goods and services provided by the government...if i have any children i want to feed, educate and treat them with my money from my effort not from government grants......
stop listening to soundbites and start reading from reliable sources
www.imf.org/external/datamapper/datasets/WEO
From the bottom of our hearts , we wishing the best of lucks to the great Egypt and to the greater, smily , most funny and full of life people in the world , the sweet unique uncomparable Egyptians
Greetings from Morocco to our dears Egyptians , God bless you all ❤
حبيبي ❤
Dog shit countries wishing each other well- dog shit is still shit
@@m2heavyindustries378 lmao chill
@@m2heavyindustries378 fuck your self ,then fuck off😤
Welcome from London Uk 🇬🇧 young man bless u as well
Me at the beginning of this video: "Whyyyyy?"
Me at the end of this video: "Hooooow?"
There are many possible reasons why.
The Capital of my country changed almost 100 years ago as part of a colonization effort to occupy the central part of the country, there were also political reasons like the national government favoring too much the state where the previous capital was located (Rio) and generating resentment on others, finally that was during cold war period and the new capital was in a more defensible position.
45 billion sounds less for a project like this
black bird its not if the workers are mostly convicts and poorly paid workers without rights
Many of the workers are army conscripts who work for free.
www.alaraby.co.uk/english/comment/2017/9/5/egypts-conscripts-serving-the-armys-economic-empire
Low
it will end up to be low quality shit.
Calf. high speed rail started out as a $45 Billion project. Must be a poll tested number.
He could’ve just settled the other cities (like Alexandria, Marsa Matrouh, Arish, and Hurghada) and upgraded them instead.
MELT UP that’s what I thought to. Alexandria would have been a good choice. Beautiful city with lots of potential. But you know african leaders using their brains isn’t a thing
He could summon a lot of prestige out of nowhere by building a giant library there...
That would be the smart idea, the smarter idea is just leaving it in Cairo and just upgrade the city; but since when were politicians smart?
Alexandria is over crowded too. it hosts 11 million while cairo and giza combined hosts around 22 million.
Hurghada is more of a touristic hub than a city to settle civilians to work in other businesses.
Currently skyscrapers and cities are being built in Alexandria
Same with the Cairo!
Basically separating the rich class and the middle class
Adel that’s what everyone wants. Would you like to have worked your ass off to get into the elite to have to sleep next to a slump? Because I know I don’t.
Last time I checked, Egypt barely had a middle class. These new cities will likely move every Egyptian up a notch. If our elite class is large enough to fill up this entire city, then I’d say we’d have a pretty solid middle class.
@@dr.apollo4226 at least they are destroying slums and building better homes for middle class
@@meli4535 they're doing more than that , Hosni Mubarak and his shithole rule made it where people didn't pay fucking tax and it's been ingraved into stubborn Egyptian minds , these new cities will offer huge foreign investment into the country with housing for middle class tax payers which will soon benefit the entire country in the future
@@mustang3429 God bless el sissi!
This is the equivalent of a guy who earns minimum wage talking about buying a mansion.
John Dough and that guy has already massive debt.
@TheoXaris Well he didn't say that. He simply suggested that this might not be the best option to improve conditions. Also, I don't know where you've plucked your "intercontinental commerce" statistic from, but the Suez canal is used by about 7.5% of the worlds total ocean trade according to the World Shipping Council.
They will be fine no worries i believe in my fellow Egyptians
Wouldn't be surprised if China will fund a lot of it
Nah it’s more a failed millionaire taking out a new loan for a business venture
This sounds like a terrible idea. It's going to go over budget by an order of magnitude and the whole project is going to crash.
I'm getting flashbacks to the Berlin Airport
Agree. I’ve been to Egypt and the people over there badly need new infrastructure and better economic opportunities for the educated; not gulf-style vanity projects.
@@artificialgravitas8954 just looked up Berlin Airport. Jesus Christ it doubled its €5 billion budget and was years late opening. Whatever happened to famed German efficiency.
They basically want to build some sort of Egyptian Louvr.
Elites and military want to cut themselves from hostile Cairo. That's why it will be isolated and with very high housing prices.
@@aymericdekerdanet9318 I've been to Egypt too. (for a diving holiday on The Red Sea look up the Thistlegorm) and there are many buildings row upon row of them that either have no windows or interiors or are little more than concrete frames with the Rebar still sticking out the top. It's like those ghost cities you see in China just thankfully on a smaller scale.
It's frustrating because I really like Egypt. Egyptian people are polite and hard working I've never had a bad experience there. Their government and the Military just let them down.
Long Live Egypt 🇪🇬
Greetings from Libya 🇱🇾🤝🇪🇬
Yet libya helped bring down the new kingdom of egypt
@@greenlandindependence8765 Looking at the new project, it seems to me that there won't be such thing as "long living".
Libyans still exist? I thought y’all went extinct?
@sery syo Fuck u
Rashed 🤦🏻♂️
Egypt is an amazing place I went there in 2016 Salam alyucom from Sudan
The Chinese developer has already backed out. Two years into the project the Egyptians wanted to increase their share of the revenue from 33% to 40%. I think the Chinese know the odds of another 2011 revolution over the next 30 years is very high and the odds of them making their money back is not good at all. Cairo is in terrible shape, I was just there. They should invest in rebuilding Cairo and build a small administrative capital outside. Egypt is dependent on Saudi largess these days, save up what money they can and invest in industries not luxury office buildings.
Johny Ricco agreed the Middle East is way to volatile to invest in.
@Cuppa Pg Tips LOL what an ldlot
@@unitedwestanddividedwefall3521
Outside the Gulf you mean.
You've got a couple of facts wrong.
First, there are two only Chinese developers, alongside many private sector developers (the majority are Egyptian developers). One is constructing the skyscrapers in the Business and Finance District since Egyptian companies do not have much of experience in the field of constructing skyscrapers, and the other company wanted to develop a large area of land but could not close a deal with the Egyptian government.
Another fact you got wrong is "Egypt is dependent on Saudi largess these days."
Egypt has not received any financial backing from Saudi Arabia or any other gulf country since 2014.
In fact, all the financial aid was in the form of foreign currency deposits in the Central Bank of Egypt and the Egyptian authorities have announced that, starting this year, Egypt will begin paying the deposited amounts back to the gulf countries.
If Egypt really relies on Saudi Arabia's support, there would have been no need for the massive loans Egypt took from the IMF and other international financial institutions.
The Chinese company didn't back off though. Or another bigger Chinese company replaced it ,can't remember. It's mainly two companies a Chinese one and Egyptian one called Al-Mukaweloun Al-'Arab
Egypt has half the GDP of Sweden but ten times the population. How would anyone in their right mind think that this enormously expensive project is a good idea.
Well.. Welcome to our leaders man..
Solar
its financed by national and international companies from Saudi Arabia, China, and UAE and i think some other Countries
@@ahmedhany7035 They are selling their country to the Chinese. This idiots want to build a new capital shiny capital to distract the populace.
Siddhant Sharma What u mean selling their country to the Chinese ? What’s your proof ?
Lots of love and good luck Egypt! From your brothers in history Greece.
❤️❤️❤️🇪🇬 🇬🇷
“Theme park bigger than Disney Land”
That’s not that big...
A presidential palace 8 times the size of the White House? Why??
Because sisi is the new pharaoh he's a filthy dictator Thirsty for money and power
Every country in that time zone wants a great palace; Romania, Turkey already have one. Egypt should be next.
just because damn it
Abdallah Elsharkawy lol
Mohamed Tarek hmm interesting, how do you feel about Muhammad Morsi? I not familiar with the whole situation that got Mr. Morsi removed and jailed. I remember reading opeds that he was planning to help Palestine more.
it's very easy to take gambles when others are paying the bills ...
Don't worry Mexico will pay for it.
@@billh8208 hilarious 😂
@@billh8208 can Mexico pay for my college debt please
Can't agree more
the right words
كل التوفيق للاخوة المصريين , انتم قادرين بعون الله على أي شي
اخوكم من السعودية
الله يكرمك حبيبي
Squiggly squiggly squiggly
حبيبي الله يكرمك
@@El_Matador724 الحمدلله، اهم شي ان المشروع يمشي على قدم وساق ويوفر وظائف للشباب المصريين وان شاء الله عندما ينتهي يوفر فرص أكبر أيضا وينفع اقتصادكم وبنيتكم التحتية، تفاءلو بالخير تجدوه
التعليق العربي الوحيد!؟
تعليق سخيف و معزول عن الواقع.
كالعادة
Designer: How do you want it?
Sisi: Larger
They also constructing new pyramids?
That would be something to see using the original technology !
@Ambrose Burnside no
the aliens are in the way with thier equipments
@Ambrose Burnside there's The Great Egyptian Museum will be opened in 2020
the Pyramids will be used to have fuck on
They should build a 1 km high pyramid in the middle of the desert, for future dystopian human civilization to wonder how it was once possible to build without the help of aliens.
High population growth, horrible living conditions in the cities, insufficient economy, compared with seeds of radical ideologies.
We are going back to 30's boys.
whoop whoop
Justice will be done
@@dailyiraq2081 what justice?
Bart Mika 1630s
Z Z what should i call u SnOw NiGgA
woooow woooow wooooooow !! what an amazing report :), wonderful, really Thank You [HEART] :)
A new city for the upper class? Hunger games anyone?
so wouldn't it have accountants, doctors, engineers, lawers, officers, marketeers, salesmen, drivers, sanitary workers, plumbers, carpenters etc....???
p.s: there are currently 14 new cities being built all over egypt.
A new city will provide jobs and bring investment
Exactly
Alex Rogovik I volunteer
ma. s sisi is a dictator who has no idea what he’s doing and just trying to stay in power
Idea is good. Manila is doing same thing same as Mexico City. These mega cities too old, dirty, over populated, but dont build a palace, many skyscrapers, but instead build schools and universities .
México city too? Where?
Cities exist where they are for a reason. Geography and natural trade links favors certain areas. Cairo is one of these areas. It exists along the Nile and has existed there for centuries. This “new” city does not have the same advantages and will most likely fail.
@@fearlessleader343 brasilia and astana didn't fail.
@@fearlessleader343 Most major cities were established by someone at some point. There is typically some rationale for the location, but that is true of new cities being built today as well. They're not just dumped where they are for no reason. The video report even mentioned one of the pros of the location they chose.
Yeah that doesn't increase average IQ.
$45 billion dollars sounds way too low. I expect this to run into the hundreds of billions if Egypt gives this ridiculous project a real go.
Mike Hunt I know the corruption index isn’t particularly great (as corruption is hard to measure and quantify) but it’s the best measurement we have for corruption and Egypt doesn’t do well on it at all. I expect that to be a major reason they go over budget. I’m betting that’s what China wants as it wants an Egypt in debt slavery that it can control.
It's already half built. Have a look at google Earth.
ruclips.net/video/DrlRr_kG-Ds/видео.html
ruclips.net/video/djNB2KZh9kU/видео.html
@h1mb China isn't building it. It is already largely financed and owned by private investors.
Private companies in China is almost always heavily linked to the ruling party so I guess it is the same thing.
Most of the work is free, because the military builds it. Also look at google maps, they are allready in, planing opening in 2020.
I hope that the new city will bring prosperity to the Egyptian people !!!!!! greetings from Greece
Are you blind?
@@storrho lmao
Greetings to our Greek brothers and sisters across the sea!
Warm greetings from Egypt. We can never forget how our Greek brothers stood by our side during the Suez crisis in the fifties!
@@yehiaelyamani6943 you are in the wrong over suez crisis i wouldnt bring it up, you stole our land and we wanted it back, you mentioning it is like the germans mentioning ww2 as something to be proud of.
"Panem Today, Panem Tomorrow, Panem Forever."
...loan from the IMF....doomed
The IMF was purposely built so they WOULDN'T get fucked over. And if they're approved it means they have a good plan for paying back. It's usually when they take out loans to pay back other loans that shit goes south. Especially when the Americans threaten to cut off funding to the IMF, so other countries can't pay back Chinese loans. Which I don't believe Egypt has that issue.
@nature giver
The issue is that the IMF has far too much power over currency. If they want to renegotiate the deal due to any arising issue, tough luck, start scrapping money from your social projects and selling key industries to international capital that is related to the IMF. It's a giant racket, you better hope you have the very best of luck or you are damned. And, if you could guarantee that luck, taking a loan is just an unnecessary risk.
The new capital city will likely only exacerbate the problems in Cairo. It will provide a haven for upper class Egyptians to flee to, leaving Cairo to the middle and lower classes. Without the upper classes benefiting from improvements to Cairo, the government will be less likely to pursue these improvements. This will also leave less tax revenue in the city itself that could be used to address its problems. Investment will shift to the new capital and Suez while Cairo stagnates. Worst of all, the desert provides a physical barrier between Cairo and the new city, which could be secured by the military in the event of civil unrest to prevent the discontent masses from reaching the centers of power. This new capital city may be the beginning of a new era of class warfare in developing nations like Egypt, wherein the elites physically isolate themselves from the consequences of their policies.
What Cairo, and many other megacities with rapidly inflating markets truly need, is a solution which aids the poor and middle classes as much as it does the elites. Affordable housing projects outside the main urban center with good infrastructure and transit connections to the metropolitan hub would be a good start. New developments, including the failed New Cairo project, often focus too much on building homes for the upper middle class that few can afford, and thus they remain empty. New developments also too often prioritize car-dependent connections like freeways, striving to model American cities, when dedicated public transit connections that the poor could afford would likely be far more effective in encouraging people to move out to these new developments. However, more practical solutions like these are rarely pursued, as they are less profitable for developers and do not benefit the elites and upper class as much as a gentrified approach. So long as the elites and upper class retain a disproportionate share of the power in policy decisions, gentrification will remain the status quo approach.
This new capital will help in building new cities in Sinai and will help also in developing Cairo they started already in Cairo with developing Masbero triangle(google it) and the demolished squatter areas and gave the people homes in Al Asmarat.
That's ignorant thinking.
That's so dystopian. I hope you are wrong.
@@khaledsherif7056 No, they just booted 18,000 people out to create a gentrified high-rise.
ruclips.net/video/WUK0K5mdQ_s/видео.html
@@alejandrop.s.3942 Well that would be lovely, dear.
Unfortunately, if anything, he's understating the problem. ruclips.net/video/WUK0K5mdQ_s/видео.html
as and egyptian citizen, I applaud your the depth of your insight.
This is a well-researched and made video.
80% of the new administrative capital’s housing is sold. I’m Egyptian and I live in new cairo, 20-30min drive from the new capital. My friend also wanted to buy a villa in a certain compound and they informed him that they’re sold out! So yes I do believe that the capital will be very populated. Numbers are already sky rocketing as they seek the highest buyers for the remaining 20% of houses left. Long live Egypt ❤️🇪🇬❤️
🤨🤨🤨🤨🤨
I just want to thank you, Shirvan. You teach me things about the world that I would have never learnt anywhere else. It keeps me curious.
I wonder why totalatarian nations are obssesed with new capitals.
If your capital is bright and shiny it abvioisly means evrything is fine
america is obsessed with washington d.c. is what youre saying ?
Goes back to the Assyrians: Leader's obsession with leaving a physical "mark"
@@Leo-hr7yq didn't know DC was new?
Abdi Awl good way for corrupt government officials to make a LOT of money by selling building contracts
thank u man i was waiting for this after Neom project episode, salute from Egypt.
Long live Egypt ❤
Condoms would be a whole lot cheaper.
Iam drom egypt and yes completely agree with u
But here in egypt 80% are muslims we are fools Egyptians thought that every child is a gift from god and born with his livelihood
@@tarekbahr3620 يا خواجة يا تافه تسب شعب بلدك وعامل نفسك فهمان انجليزي؟؟؟
@@tarekbahr3620 Well, at least Egypt doesn't have to open it's borders to hordes of migrants.
Vengeful Avenger because nobody wants to come to Egypt
@@vengefulavenger7552 how dare countries be kind
We Egyptians are in desperate need of new creative housing ideas. The new capital seems like a great idea, but the main problem is the corrupt and repressive government. Most people believe the new capital is a way of keeping the government far from future public protests. Prices in the new capital are unprecedentedly high and only the top 5 or 10% of the country can afford it.
Successive Egyptian governments in the last 60 years have been doing a lot of work to improve the country, but without real democracy, corruption is so high and efficiency is low. I hope something good comes out of this project.
That's where you're wrong. 'democracy' won't help you. China is and never was democratic yet it's way more efficient and productive than a country like Egypt. it's all about the culture and the PEOPLE who make up a country. if anything, if you had a people with the right culture and mindset, dictatorship/authoritarian state would be MORE effective in accelerating progress and democracy would only impede and complicate.
so democracy is not always the answer.
More money for the military, as they are the main constructor and investor..
Mustafa Elnady well duh. Hopefully you guys can overcome this corruption and Make Egypt Great Again. 3000 years is too long. So much squandered potential. Salaam Habibi.
Tamir Behar dead bodies are the answer? That's what totalitarian "efficiency" gets you. Every time. Will you be a willing sacrifice? If not, you're quite hypocritical.
@@NP1066
The Chinese have a dictator that works for their country.
The Egyptians have a foreign imposed one.
Comparing apples to oranges here.
I largely agree with your view regarding that silly political cult that is Democracy.
As an Egyptian this is the most true unbaised info I've ever seen . You have done a great effort so I subbed !
I hope Egypt will succeed building it, it looks amazing! Lots of love to Egypt from Israel ❤
thx friends
İm from Palestine
Peace ☮️✌🏽
stop killing palestinians bro
Thanks mate
Fuck off
Sounds like the beginning of every dystopian futuristic movie ever. From Hunger Games to Elysian... a poor, destitute side of town, and the wealthy, clean and modern side of town.
In fact, The Egyptian author, Ahmed Khaled Tawfik, wrote a novel many years ago (2008) where he talks about something exactly like this.
A walled city guarded by mercenary Marines where all the wealthy minority live, meanwhile the rest of Egypt faces extreme poverty and living has deteriorated so much that people now live as if they were animals (not literally)
For example, the wealthy's hobbys include things like hunting a poor man.
This whole new capital thing reeks of this novel.
Yeh , look like that
That's cause you've watched too many movies, egypt is currently buildin 27 new cities all over egypt besides this, it's demolishing entire slums in the old cities and replacing them with proper housing for their previous owners, it built a 7000km road network and is upgrading the new one, it's building a 2000km high speed train networkin 2 years and upgrading the old one, it's building at a rate of 4000 housing units a day, a new hospital and bridge every 3 days, 5 schools a day, it has increased power production capacity by 250% (20%) renewable. It is now a net Lng exporter instead of an importer just 5 years ago.
It's modernizing and upgrading 1500 villages out of 4500 villages as a first stage, it has already cultivated 2.5 million fedans in the desert out if planned 4 million fedans. It has almost doubled it's gdp ppp in the past 10 years, And it has modernized the army equipments and doctrine while build a huge arms manufacturing infrastructure.
They're actually employing measures to expand the Egyptian green. Meaning that while this city will initially feel like a gated community, it will rapidly grow outward and along the Nile. That, and the fact that the entire Egypt is currently heavily dependent on the good graces of the greater Eastern Africa community of states. That is not really a problem, but it is wise to ensure they can survive any future problems that may rise. When EAC conglomerates into one nation, it is likely that Wat Chisumo (what westerners call lake Victoria), will be dammed up. Already Ethiopia is building a dam, so it is important for the existence of Egypt, that they extend outward, and grow.
They build shopping malls that cost 3 billion all the time 45 billion is not even close to enough
Dmitriy Sizonenko yeah it would easily run into the hundreds of millions of dollars, 45 billion is fucking nothing for building a city that is supposed to hold over 6 million people
those 45 Bn $ are the governmental expenses for the basic infrastructure ; including main roads , power , water , governmental offices and landmarks ..but certainley they are not going to construct the private houses or offices ..those are for private sector share
Imagine trying to explain 2020 to someone in 2019. They would think you're crazy
No? Also why ia every one acting like this year is super crazy amd that 2010s were like a 100 years ago?
@@shadowguardian3612 Fr
I LOVE EGYPT.
✌🇪🇬🌷
unboxing theboxx
Some empires would agree too
@@agenaidy9597 من عيلتى
الله اكبر 😂😂
@@ahmedelginady4605 شرف لي حضرتك منين 🌹
من الغربيه
Judging by Google maps, it is already half built.
It better be if it is to be inhabited in a few months.:)
It better be, if it's expected to be fully open in the early 2020s.
What's the name of this new capital?
@@moulayismail1546 "The Capital Cairo" but that's the English translation.
@@moulayismail1546 we just call it "el asema" meaning the capital in arabic
Isn't that a bit too ambitious?
Hoborg Inc too stupid*
I'm Egyptian..and my answer is no and even it came too late..Egypt now seeks to be a regional center for energy in different sources Whether renewable energy or oil and gas.All indicators of the economy now indicate the success of the government in this endeavor. In addition to the success of the government in achieving other economic successes such as increase domestic GDP and reserve of the dollar .Economic growth has reached 5.5% Unemployment is down from 13% To 10% . Decrease in the general budget deficit indicators
In addition to transforming the Suez Canal area into a global economic zone that includes industrial zones In the automotive, iron and steel, and technological and chemical industries ..Shipbuilding and container transportation to be a global center competing for Singapore And Dubai .All these plans and more require the construction of a new capital in stages to ease pressure on Cairo The government will not pay any money.All the money needed to build the city will be from the sale of land. This city is one of the 15 new cities being built in Egypt
@@MR.73 Getting finances by foreign powers. Sounds al lot like Neo-Colonization.
@@siddhantsharma7728 Yes, of course, but this project and other projects will be funded through the proceeds of the sale of land to the private sector and the Egyptian companies
Egipty is amazing, I met a guy from Egipty which was studying medice, what a nice person. Cheers from Brazil.
And he met u with ur gf right?
Sultan?
basel BDb ?
basel BDb???
Some people are really burning up in the comments 😂😂💔 I love it. Keep going Egypt 💪🏼💪🏼
I didn't realize Akhenaten was back in power
at least Egypt is already Monotheistic this time.
Make Aten Great Again
Sisi is just the next pharaoh after our previous one, Mubarak.
@Egyptian Nationalist Yes indeed, Sisi is way worse than Mubarak.
They should call the new city New Amarna.
This is gonna crash hard ain't it?
It depends on who you ask. For the Egyptian military, who leads the project, construction is a means of showing progress and achievement. On the other hand, for the Egyptian middle class, the prospects of the project are looking dim. Egypt needs a break, but this may not be the most effective way of doing things.
I can confirm this as an Egyptian. The better solution is to just upgrade the existing cities on the coasts (like Marsa Matrouh, Hurghada, and Arish), that would save so much money. I’ve been to those cities and they’re much more poorer and backwards than Cairo.
Honestly hope it works. It could be a morale boost for Egyptians
it will crash hard for sure there are many reasons the new constructed cities in egypt already empty most egyptian can't move there simply because its real state prices is too high for them to afford and there is no job opportunities or business opportunities so it seems to be the same case like those cities and there are other factors that indicate the failure of the project
@@tahirabdulziz9360 It's not .. some Egyptians has already moved there
I sincerely hope Egypt become one of the most civilized countries in the world, unlike nowadays.
terrible housing.
terrible rules that nobody follows.
Venky Wank what does that mean
@Venky Wank Very well said
@Venky Wank f,uck you
Egypt is the best 🇪🇬🇪🇬🇪🇬🇪🇬💪
@Venky Wank well said
Egypt thought the world a lot of thing
Longlive to egypt 🇪🇬🇪🇬
Mokhtar Shaker tahya masr! ❤❤❤
Who needs sleep?
Me but just one more video i swear
Egyptians doing Egyptian things, building like there is not tomorrow
No, it's only the military and rich people doing this.
Eliran they aren’t egyptian they’re arabs occupiers in egypt
@@brianaugustine9121 This is a common misconception. Egyptians adopted the Arabic language and converted to Islam due to the massive taxes imposed on non-muslims. Egyptians did not move elsewhere nor did the Arabs (from Arabia) replace Egyptians. The "Arabs" who moved to Egypt still live in the desert to this date and refuse to integrate in the Egyptian society (google "Bedouin" for more on this).
marow95 fair enough still i’ll always respect the copts as the true heirs to 5,000 years of egyptian culture the rest are invaders or those who gave up. the genetic makeup of egypt has been significantly altered since the arab invasion however with modern egyptians having a good percent of arabian blood even though they might not be ethnically arab
@@marow95 "due to the massive taxes imposed on non-muslims"
No, they didn't. The taxes were minimum and the vast majority of Egyptians converted out of genuine belief in Islam.
It's first capital that Egyptians build by themself for their country since last Pharoah density in century 4 BC as all following capitals build by foreign conquerors includes Ptilemaic & Rome (Alexandria),and Arabs (Cairo)
Amin Aldeeb
Arabs are foreign conquerers to Egypt?
If Egyptians aren't Arabs today then what they're?
@@alial-abbasi3769
We're arabized copts
Basically all arab countries are not ethnically arabs except the gulf countries
We're all arabized nations
@@manuelolaya3194 Conspiracy theories damaged your logic thinking
Well now that we are gone from your country consider those cities a parting gift
@@manuelolaya3194 Suez Channel crisis 2.0
This will help Egypt in the long run, regards from the United States. I know you guys may not think highly of our us but nevertheless God bless and may Egypt prosper and grow in peace
I originally miss read the title as canal and went “another one?”
well he did mention a canal expansion done that doubled the capacity for 2 way traffic so its kinda of right
in Egypt you can never have enough of those, some five canals were built over the history of Egypt
honestly, wouldn't even been surprised sense Egypt operantly needs a new capital
I DID NOT misread yet still had the same reaction as yours (considering Egypt's modern history of multiple failed city buildings - as mentioned in the video as well btw).
DJ Khaled?
My heart goes out to all of you beautiful Egyptians . I hope your quality of life gets better .
Thank u
Every time i come back to this channel it is to learn a nuanced perspective on an international development that is completely new to me.
Another important point is that Cairo is expanding into valuable arable/farmland and the government needed to divert interest into the adjacent barren desert.
Wait, so Egypt has dozens of such (yet smaller) failed projects, then goes on to build the most ambitious and least realistic one to date and the IMF is just like: "Yeah, here, you can borrow $12 billion"
Lol
That's what the IMF, a US vassal office, does.
those 12 billion will be paid a trillion
the IMF had some requests before giving the green light to the loan
first egypt had to dismantle what is left of its old publicly owned industrial sector
2nd it had to cut its budget and expenditure and force austerity measures on the people
3rd give the priority to the private sector in the economy and reduce the reliance on the state owned infrastructure and services to open those sectors to the private market which will be regulated by the corrupt government that favors the investors
the investors in the IMF can guarantee not only the return of their borrowed money with extra money on it but can also exploit the opportunity of this new market to sell their goods and services and use a cheap and unprotected workforce as essentially slave labour and in the case of egypt defaulting and being unable to pay , they can always liquidate the assets and get an even larger amounts of money
Default and burn. IMF knows what's good
@@LuisAldamiz I believe IMF is more of a EU thing, whereas World Bank is a US vasal office.
Egypt 🇪🇬 is my favorite country in Africa
I was visit last year really I love it , peace and love to my brothers and sisters Egyption
Greetings from 🇸🇪🇸🇴 ❤️🙏
Amir Abukar that Is not a swedish name
Very informative and visually interesting presentation, well done!
Super well done report brother. You just got yourself another subscriber, for what that's worth.
I have lived in New Cairo for 10 years now and all I can say is that it is now very lively and densely populated. I recognized some of the places as empty construction areas in the video. They are now dense with traffic, commerce and people. Egypt is doing very well, thank God!
And will grow more then, because of its location between the first and future second city. You will be connected by monorail. I really hope Wedian city will be a succes. I saw more recent pics of propeties and its looks better then in this clip. More a mixture of old and new, then futuristic, so Koan has New Cairo still have 200000 inhabitants or much more now?
@@MrJlin1982 according to a resltor I know, there are about 2.5 million people in New Cairo now and still growing.
@@koantao8321 thats a lot in a short time
MrJlin1982 it’s actually only gone up about 100,000 people, still a decent amount but not anywhere near that
dense with traffic is not a good thing
Good luck my neighbors, I hope we will make great business at your new capital.peace and prosperity to the Middle East
yair
Egypt is in Africa.
@@kevinthomson2691 we don't want to be associated with those dickheads
Egypt, Tunisia, Libya and Morocco are not in Africa bruh
Ramesses II As an Egyptian, I can confidently say that our education system has failed you.
Great Content. Very informative. Deserves more subs. xx
Thank you, this was interesting!
Exciting, but I hope they don't make the same mistakes as my country (Holland) did when building the new city of Almere, or for example a city like Los Angeles. It should be a walkable city, with lots of mixed use areas and perfect public transport.
ReddoFreddo I hope it's gonna work out. both ways we do really need new cities, or to make use of our land anyhow lmao. look at Egypt's map. it's all desert that should be put in use already!
For everyone who claims that it would've been better to upgrade current cities like Cairo or Alexandria, this won't help reduce the traffic and would cause lots of problems in the city due to closing roads and highways for construction and as an egyptian living in Cairo there is already lots of improvement and traffic has reduced so don't speak about a country you never visited.
Brother, there are lots of ways to reduce traffic in a city. The most important is giving people alternatives to driving, so make it easy for them to walk, take a bicycle or public transport.
Also, people can speak with authority about places they've never actually visited. Einstein didn't need to visit a black hole to figure out how it worked. It is your pride talking when you say you won't take advice from people who haven't visited Egypt, and pride goes before the fall.
I hope everything works out for Egypt and this new capital.
I've heard about Cairo's increasing overcrowding problems in the past and it sounded pretty scary.
This project has the potential to be successful and solve many a problem, let's hope it does.
An aspiring project! Best wishes from Greece!
As an Egyptian this is a great project every place is too crowded i can't wait for people to move there
Yeah, right.
People who are filthy rich.
@@MohOEM not just the rich the new capital will provide many job opportunities youth can move there for all types of jobs including myself
I remembeted few good old Egyptian friends!
I appreciate the design from a aerial view. Looks very efficient and planned.
Thinj the curvyness helps. If it was more blocky it would have a more US cookie cutter suburbs look.
2319:
New New New New New Egypt
2319: dictator pharaoh Mustapha Amenhotep builds a new capital in order to use it as closet and parking.
The man will succeed, no doubt, as he knows where and what Egypt should be.
Not a Good Idea, Instead they could have upgraded any Small City.
Instead of making a New one.
great work ❤💙
Excellent video
Over a 1000 years? It's built on op of old Memphis, capitol throughout most of the pharaohnic times since 2000 BC.
Making the new Capital bigger than Cairo is folly. The city houses 25% of the country's 80 million population. It is in dire need of the new housing.
The city itself is full of empty skyscrapers that never got finished due to bureaucracy and running out of budget.
One of the countries prime building projects besides the new capitol is the new National Museum and research institute. A project that has been halted several times and only now survives on cash from other supporting nations.
el-Sisi's centralized foundations are indeed incredibly ambitious.
And he's not wrong in some way; Egypt is in desperate need of a more cohesive administrative center and main airport. The theme park builds on Egypt's primary income, the tourism that has never truly recovered since 2011.
The fact that a major stakeholder is the Military is a given in Egypt's current state; el-Sissi was a General during the coup and still holds the rank of Field Marshal. In effect the military is largely in control.
I truly hope for Egypt that the project is a success. Well done for staying so neutral
I am from New Cairo; I believe we have a great infrastructure and a great luck when thinking about resale as the city is so popular and the price growth rate is escalating fast; moreover, the city's population has reached 5 million already.
Where are your references that prove New Cairo failed and the new capital will follow?
The new capital's 1st phase projects had been already sold before construction completion :D
Are you sure? Cause I’ve seen lots of compounds super empty in new cairo and the “ infrastructure” aka only roads seem to be just new not really good quality or durable. I’m just asking from my point of view. I hope this new project will be successful and have a positive impact in Egypt’s economy.
@@saraicruz38 What I am 100% sure about is that my assets value in New Cairo are skyrocketing every year and we (Me and my family) can't wait to sell anything we have outside new cairo to invest it in New Cairo. ;besides, three of my friends are real state investors in New Cairo's compounds and without asking them briefly I could see there business is growing fast. one of them had an Opel insignia and suddenly bought brand new Mercedes E200 and a Maseratti
Heavens creed wow you’re such a show off dumb kid.
Don’t you see the poverty of your people? Grow some human sense boy....unbelievable
@@saraicruz38 SILENCE COMMUNIST
Yousuf Tarek yeah try to silence me with an “adjective ” of something u don’t even know about me. Bravo strong man
Very interesting. I think I'll subscribe and see what else you have to offer.
That golden color sure gave an old Egypt vibe
Yeah, glad you mentioned Neom, my first thought was this seems like Egypts answer to that Saudi Project
actually Neom was announced nearly 3 years after the Egyptian new capital was announced, and btw Neom will be the first cross-border city in the middle east, it will stretch between 3 different countries; Saudi arabia, Egypt and Jordan; so it's no threat to the Egyptian government
@@amrayad2704 I don't think Egypt should join any project like this that hinders Egypt's sovereignty.
نتمنى كل الخير والتقدم لمصر وبإذن الله ستكون هذه العاصمة التغيير الحقيقي لتطور مصر وتعود دولة عظيمة بشعبها العظيم 🇸🇦🇪🇬
Am a kenyan and i love this..AMAZING
Looks amazing.
Anybody from Kazakhstan can say how moving the capital has worked for them or not?
I know someone from Kazakhstan who's pretty insistent it's been a disaster that siphons money without creating a livable environment for anyone.
As a Canadian 🇨🇦 I hope the Egyptian🇪🇬 capital and neom🇸🇦 succeed
Greetings to canada from Egypt ❤❤❤🇪🇬🇨🇦🇸🇦
@God Emporor of Florida Rick Scott im fkn dedddd😂😂😂😂
Neom is a joke
One man's megalomania, doomed to fail. Whenever you concentrate too much power in a single person shit starts going wrong. We humans are weak, we can't deal with power. You need to spread power so that those that have it can keep eachother in check.
Thanks, I’d say for the best insights on RUclips :) can I ask you a question, where do you get that number about traffic cost vs GDP? thanks in advance.
5:36 whoops that didn’t age well
what is the name of the new capital? it would be cool if it was called Fustat which was the name of Egypt's old capital before Cairo.
Nah they will name it Cleopatra.. just guessing
Cleopatra city
@@ZW3AThePatriot i dont think they would. Too pre-islamic and i dont think they'd name their new capital after a woman (not that progressive yet) especially a pagan woman. "Nasr City" or just Nasr i think could be another possibility as Gamal Abdel Nasr is seen as a hero in Egypt.
@@lastword8783 There's already too many cities named nasr and gamal abdel nasser in Egypt.
@Mohamed Mo funny -_-
Very interesting about Egypt having failed overspill cities... my hometown in England is an overspill town of London, and whilst we don't experience the same extremes, lack of investment in infrastructure really shows.
love this video .