Egypt's bold plan to build new capital next to burgeoning Cairo

By Ishaan Tharoor
Updated March 17 2015 - 7:13am, first published 6:04am

Over the weekend, Egypt unveiled plans to build a wholly new capital. The new city would lie somewhere to Cairo's east, closer to the Red Sea. It would sprawl across some 240 kilometres and potentially be home to as many as 7 million people. Projected to cost $US45 billion ($58 billion), it was announced at a summit in the seaside resort of Sharm El-Sheikh aimed at boosting the country's flagging economy.

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