What are the advantages and disadvantages of the New Administrative Capital?

Advantages and disadvantages of The New Administrative Capital

It was advertised about launching The New Administrative Capital project during the events of " Supporting and developing the Egyptian economy " Conference since Dr. Mostafa Madboly the Housing Minister advertised about constructing a new administrative capital for Egypt that's located in the east of the Regional Ring Road and especially in the space between El Suez Road and El Ain El Sokhna Road in a very special strategic location.

And the budget of the New Capital is estimated with 45 billion dollars for executing the capital on 3 phases during 7 years maximum, and it's planned that the new capital will include a presidential palace, ministries, and governmental facilities in addition to embassies neighborhood, and it's planned to construct more than 1 million residential units that can contain not less than 7 million people through the first phase of the Administrative Capital that's considered from the modern projects and for mor Details Click Egypt Real Estate.

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The Features of the New Administrative Capital

The New Capital project is considered from the largest projects that are being executed in the Middle East, and it was provided all the entertainment means inside it in addition to the main services, and from the features of the Administrative Capital:

• It was constructed on 170 acres that equals the space of Singapore.
• Urban Planning Authority put a plan for designing and constructing all the utilities and the main roads and the services and entertainment means before the residential units to ensure providing all that you look for.
• The first phase of the New Capital project is being constructed on 40,000 acres, and it should hold nearly 7 million citizens.
• It's estimated to achieve a partial leap in the Egyptian youths' future, as it will create many job opportunities that will help in the elimination of unemployment.

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• The internal streets of the capital are very wide, as the street's width reaches 120 meters.
• The streets' development inside it will be held by Holding Co. For Construction & Development ( HCCD ), Orascom Company, The Arab Contractors, and Concord.
• The meter's price for the units in the Administrative Capital starts from 5,000 pounds, and the units can be bought by installment over many years and without any downpayment, and many spaces were provided to suit all the families.
• It's planned that the New Capital will include the headquarters of government bodies and ministries, as 18 ministries will be transferred inside it in the next year, so you will be able to do all your services in one place in the center of the Capital.
• It's considered one of the largest capital around the world as it's planned to include 40 million citizens in 2050.
• The residential units' spaces in the residential neighborhood start from 100 up to 180 square meters.

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Additional Features in The New Administrative Capital

• The cost of the residential and governmental neighborhoods' lands reached 10 billion pounds, and this explains the size of the project and its designs and providing all the entertainment means inside it.

• Huge spaces of landscapes that were designed according to the developed system, in addition to gardens and green spaces that the person's share in it reaches 15%.

• A plan was put to link the New Capital with the nearby cities, in addition to linking it with Cairo by a large transportation network, and it includes a huge international airport on 33 square kilometers.

• The plan of the Administrative Capital was inspired by the international capital and it was designed on the European style, and the classy residential districts in West El-Balad like: Qasr El Nile, Misr Al-Jadida, Garden City, so it combines between the heritage of history and innovative modern designs.

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• It includes the largest central park around the world and it equals 2 and a half times the space of New York international garden.

• A plan was put for specifying a large technological area that includes many technological software factories and that helps in reinforcing and supporting the Egyptian economy.

• The Administrative Capital will resemble the most beautiful international capitals from the luxury and beauty as Dubai and Singapore.

• 100,000 units in the residential neighborhood were specified for the middle-income people, as it was put up for sale with reasonable prices, and it will be distributed on 8 districts in the north and south of the Administrative Capital.

• The rest of the residential lands in the New Capital were sold for the private sector's developers, and the Egyptian Government looks forward that the costs of the projects shall be covered by selling those plots.

• The first phase of the residential neighborhood was completed, in addition to selling 85% of the lands in the New Capital to 30 developers of different real estate companies.

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More services Provided by The New Capital

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• 4000 classy residential units will be executed in the residential neighborhood that vary between villas and townhouses.

• The large space of the Administrative Capital will be divided into 8 huge neighborhoods which are the Embassies Neighborhood, The Government District, The Banks District, The courts and prosecutors District, and the City Center.

• There are many services in the capital as it includes 1250 mosques, churches, and a conference hall that includes 5000 seats, 2000 schools and universities, and more than 600 medical facilities, and a large central park.

• There is a capital park the Central Park that's considered from the largest central parks in the world.

• The New Capital project will be linked by a railway line with the railways' network, in addition to the Monorail Train.

• The administrative Capital will include the tallest tower in Africa that will be surrounded by 20 skyscrapers with 325 meters height.

• 3500 employees at the Ministry of Finance will be transferred to the New Capital in March 2020 after receiving their units in the Government District in January 2020, and The Ministry of Awqaf and Islamic Affairs is planning to transfer 40% of its employees to the New Capital.

• The entertainment city's space is 3 and a half times larger than Universal Studios space, and it's from the largest entertainment cities in the world.

• The meter's price of the lands that will be put up for sale to the real estate developers and the investment companies starts from 3500 up to 5000 pounds.

• There are solar energy farms that were constructed on 90 square kilometers, in addition to 70% of the buildings' roofs are covered with solar panels for providing more clean energy.

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The features of living in The Administrative Capital

• It's planned that the New Capital will include many sports playgrounds, a large sports stadium, a museum for science and technology, a museum for arts.

• It also will include an Opera House and many cinemas and theatres.

• All the residential projects in the New Capital even they are investment or governmental project, they were designed and executed by environment-friendly materials.

• All the residential neighborhoods' designs combine between the latest architecture style and the classic and the modern art to suit all the tastes.

• An electric power station with productivity that reaches 4800 Megawatt.

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• The ministry of communications has got a piece of land with space that equals 260 acres for constructing the Smart Village, and this village is from the developed cities that will transfer Egypt to the future with all the developed technologies.

• The New Capital will include the first integrated international Medical City.

• It has an Expo city that will be the largest international conference hall to serve the expo sector and constructing many international conferences in it.

• It has the largest Cultural compound in the Middle East, and it includes the largest mosque and church in the Middle East.

• It has an educational center that includes many unique ancient archaeological manuscripts and many heritage books.

• The urban planning for the Administrative Capital is inspired from the center of Cairo districts as Misr Al-Jadida district and Qasr El-Nile that have special buildings with wonderful architectural designs that made the New Capital resembles the international capitals around the world.

• The Administrative Capital includes an international Airport and an electric train to link the New Capital with the 10th of Ramadan and El-Salam cities.

• It includes many residential buildings that reached 1.1 million residential units and 40,000 hotel rooms.

• The large space of the Administrative Capital was specified for the green spaces and gardens, considering that the buildings' percentage is going to be less than the green spaces to provide more privacy and welfare for the residents.

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The disadvantage of the New Administrative Capital

There are many problems and disadvantages that faced many people about the New Administrative Capital project and from these problems:

• The problem of the Housing Ministery's residential units

The Housing Ministery lately launched 2000 residential units from 35000 units as the first phase for units' booking in the New Capital, but conditions and rules for booking those units were surprising to many people as:

1. The specializing is personal. No transfer or disposal of the unit may be made in any type of disposition, whether carrier or restricted to ownership, except with the written consent of the authority, subject to payment of the full price of the unit and the prescribed expenses in accordance with the Real Estate Regulations of the authority that equals 7% of the total price of the unit that it costs 1,5 million pounds after subtracting the interest.
2. The authority may cancel the allocation to the beneficiary if it breaches the conditions of the reservation or when the applicant for the reservation has not completed the payment of 10% in addition to 1% administrative expenses and 0.5% to the Board of Trustees of the total price of the unit within the deadline granted for payment, or the failure of the client to pay two consecutive installments according to the paying system.
3. Cancellation of the assignment in case of assignment or disposal of the unit without prior approval of the Authority or the competent city authority, change of the purpose for which the unit was assigned, or non-contracting and receiving the unit on time.
4. When the client acts from behind the ministry in the unit and sells them on contracts with the buyer, the Authority shall have the right to cancel the specialization, as persons have issued a waiver of the real estate waiver.
5. In addition to the 5% maintenance amount, which many said was exaggerated due to the lack of "security, fence, gates or club", such as large companies that offer housing units whose price is close to what the Ministry of Housing announced.

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• The far distance between the New Administrative Capital and Cairo

Due to the distance between the new capital and Cairo, the burden on workers increases due to the long-distance and time, especially if the workplace is in the center of Cairo or any of the industrial zones.

• Transfer of most government agencies to the administrative capital

This transfer will harm citizens wishing to finish their government papers.

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• Emaar the Emirates Company's withdrawal from investing and constructing projects in the new administrative capital will put a strain and burden on the local investors and balancing of the project implementation.
• The rising of the meter's price in the Administrative Capital

The meter's price starts from 11,000 pounds, and it's considered the least meter's price for the small residential units with 100 square meters, and this doesn't suit the limited-income people.

• Increasing the costs of introducing utilities in the New Capital

The costs of introducing utilities and constructing infrastructure are remarkably high and a burden on the state.

In this article, we learned in detail about the advantages and disadvantages of the New Administrative Capital project, which is expected to achieve a qualitative leap in the future of housing in Egypt.

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