Egypt’s Cabinet has approved Wednesday to allocate a land plot on a space of 744,000 square metres to build a 4,800 MW power plant in the new capital city.
Egypt unveiled plans for what it presented as a new administrative capital at an economic development conference earlier in March 2015, which was attended by 2,000 delegates from 112 nations, including heads of state, top multinational company executives and directors from the World Bank and the International Monetary Fund.
The city will be built east of Cairo, between Cairo and the planned Suez Canal hub north west of the Gulf of Suez. It will include 1.1 million residential units to house five million inhabitants, as well as an administrative district on 550 feddans of land, with a presidential palace, ministries, government bodies, and embassies, as well as a financial district, according to the plan.
