A look at Egypt’s new administrative capital outside Cairo | Capital Connection

The new development promises a better life and a better city. CNBC's Hadley Gamble reports from Cairo.
Subscribe to CNBC Life: cnb.cx/2wAkfMv
Subscribe to CNBC International: cnb.cx/2gft82z
Like our Facebook page
/ cnbcinternational
Follow us on Instagram
/ cnbcinternational
Follow us on Twitter
/ cnbci

[@elkilany75]

God save Egypt 🇪🇬 x

[@usmanbhatti3018]

Brothers country egpyt ..! ❤ love from Pakistan ❤🇵🇰🇵🇰🇵🇰

[@ezzatrahman3989]

We love Pakistan too our brothers Alah bless you🇪🇬 ❤️🇵🇰😘

[@jerrymk1641]

What????

[@podazzman]

⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦🇪🇬⁩⁦

[@BlazinNSoul]

Some are calling this a vanity project. But actually I see it a bit different. Today my own City incorporates about 43 square miles. Along with the population density of about 3,200 per square mile. With a population increase of about 6% a year. Not terrible but not great either. One of the factors that is contributing to our micro slow growth. Is the fact that we are a hundred year old city built on hundred-year-old infrastructure. We are a small city carrying 6 lane traffic!! Which was designed for 2 lane horse carriages lol. We didn't plan enough in our early days. To start incorporating that into the city's growth forecast. Larger cities, like New York, Chicago, have similar problems. But in their case they aren't physically growing just getting more populated. Cairo's problems are magnified 10 times over. In that it's a centuries Old City. Which is built on centuries-old infrastructure. There's very little to gain there in terms of growth & investment. It just makes more sense to start over. Cairos new capital city has a rare opportunity here. :)

[@frankozrin5611]

I would prefer a proper well-connected metro network in Cairo for that money so that people do not need to move by car as much, but well, I do not live there, so it is none of my business.

[@5cats267]

We already have metro since 1980!!!!

[@frankozrin5611]

@@5cats267 I know Cairo has a metro, but it is not fully developed as it should Moscow has 440km of metro, Cairo has 70km Both cities have around 10mio inhabitants (excluding the agglomeration)

[@5cats267]

@@frankozrin5611 Cairo metro is updated now.. the authorities are constructing Fourth and fifth lines.. Also an electric train will link w ith Metro

[@mohamedkabha6861]

cairo is bigger then China capital, I hate sisi but I think he is doing a good thing here

[@amrelmaghraby5641]

@zenubi china is building a high speed train in Egypt

[@kodkodkatedra4660]

my ancestor built the great pyramid today young generation is building modern capital for our beloved Egypt. am proud .

[@chrisbennett606]

Arabs didn't build the pyramids The language of the ancient Egyptians was not Arabic

[@mohammedzaid9274]

@@chrisbennett606 oga boga we wus kangs n sheit

[@Alierious]

We the kush people built the pyramids.. Current day Sudan

[@Xoras93]

@@chrisbennett606 And who exactly said the Egyptians were Arabs? We are Egyptians, we're only Arabs politically.

[@kp5602]

@@Xoras93 We can agree that Ancient Egyptians with familial ties to Modern Day Egyptians built the Pyramids. But saying "We are only Arabs Politically" is the stupidest thing Ive heard.

[@hatshepsutii8630]

ممكن المصريين يبطلوا يتكلموا كأننا المفروض نتكلم غير لغتنا بلهجتهم و لو عادي اتاثرنا بلغتنا تبقي فضيحة. احنا مش مطلوب مننا نشبه حد حلو اوي اننا بتعرف نوصل المعلومة باكتر من اللغة . شكرا للراجل اللي بيشتغل و اللي بيتكلم عن بلده و علي الاقل هو اللي فهم المذيعة هي ماكنتش هتتكلم عربي و تفهم لوحدها

[@EgyptianHorus]

يبقي نتكلم لغتنا الاصليه ....المصريه القديمه

[@lookwhostaking6700]

العربى مش لغتنا أساساً

[@moumenyasser]

New capital for the RICH and Wealthy Egyptians , Most Egyptians cannot afford to live in this new capital This is not made for the people , This is made for their people

[@mohammadel-saaidy6404]

@@MyBeboooooooooo Whats wrong is that the government gave up its responsibilty to provide decent housing that's affordable to the majority of Egyptians and instead is leaving millions of them to live and breed in dangerous slums under inhuman conditions

[@atharmagdy4692]

Exactly

[@MrRyanbigbang]

There's a massive housing project mostly for the poor " it's called the one million unit project " read more about it, Listen i don't like the current Egyptian regime as well but i can't deny facts

[@LiLT0Y]

Your comment is based on ZERO research dude you clearly don't know what you're talking about.. The new capital is built to house all social classes there are apartments that are 100 meters what rich and wealthy would live in a 100 meters apartment !? you're just hating for the sake of it

[@mazenlatif6722]

Moemen Yasser you are very emotional and you have no idea how the economy of country is managed. In other words we look for profit to use it for more investment or to reinvest . so clearly, it is for who can afford it and not just for the rich people .

[@khaled7stars]

Average annual income in Egypt is 2,500 USD and the are selling apartments in the new capital for a minimum of 57,000 USD

[@mohamedelkaramany9863]

they could rent

[@crankthetank3581]

There is something called rent

[@boratsagdiyev1586]

60K is dirt cheap so what are you trying to say, a shitty apartment in Amsterdam is over a million

[@Ali-ur3et]

@@boratsagdiyev1586 If you actually took the time to see what the comment stated, it's that the average income of an Egyptian citizen is very low and and 60k is not dirt cheap for an Egyptian that finds a hard time looking for a low salary job, and that's if they're lucky too.

[@boratsagdiyev1586]

@@Ali-ur3et yes thanks for your information but im not a retard and im considering the average income and currency value. Try renting or buying a house in amsterdam

[@Mustafa-wj1hu]

Egypt going to the top nowadays

[@elmasry3241]

مصطفى احمد top from the other side

[@AbazizPlays]

it's hard to believe that 😂😂😂

[@elmasry3241]

مصطفى احمد from the other side sure whatever that makes you sisi supporters go to sleep at night.

[@alperenbaser5595]

Lol. İt s not

[@kp5602]

@@elmasry3241 Found the Ikhwanji.

[@wjdonner]

Smart way to boost employment and solve the overpopulation problem of Cairo at the same time.

[@wjdonner]

@Capitan Barbosa , if people have jobs they pay taxes and debts can be paid off.

[@wjdonner]

@Capitan Barbosa , the debts have to be payed with taxes, like taxes on wages, on sales, on property etc. As long as property prices are kept within reasonable range people may buy or rent. Enough commercial activity must be allowed and infrastructure must be good as well. This will generate more taxes. The city is a center of government so many nations may want to relocate their embassies and many investors, local and foreign, may want to be close to the financial services offered in the city.

[@wjdonner]

@Capitan Barbosa , if well-managed it can work.

[@ahmadkiwan]

great report keep up the good work 👍

[@medostylish]

My beloved country egypt

[@husseinhagazy814]

thanks Egypt.

[@aflammovie3611]

thanks this is very helpful, Egypt will keep going and soon all of us will see Egypt Rise again.

[@derkonig8205]

haaaaaaaaahaha with Balaha ! haha

[@stevasmr6024]

@@derkonig8205 😂😂😂😂😂

[@shifokh]

+Der könig keep hating you sad fuck

[@deserteffect1001]

ان شاء الله . تحياتي اخوك من تونس و باذن الله مشروع نيوم العربي المشترك بين الدول العربية بما فيهم مصر و السعودية و الاردن يكون عظيم

[@ZW3AThePatriot]

@@derkonig8205 Fuck turGAY

[@DrNephario]

this report is surprising especially when we hear negative news about Egypt , thx

[@omniaabo_alftoh1303]

negative like what 😁?

[@deserteffect1001]

bad news is only from ikhwani news funded by qatar , turkey and iranian terror regimes

[@ahmednasser196]

it's your problem that u need a foreign media to tell u a positive news about your country ! your country man !!

[@eslamfanta222]

ه

[@anthonymanderson7671]

@@omniaabo_alftoh1303 when it comes to human rights e.t.c

[@fakyu9346]

The biggest Cathedral on Africa is in Islamic North. Just wow, respect egypt

[@sherifelshahawyy]

Egypt has 20 millions Christians

[@aselalfy.]

بلدى 😍⁦🇪🇬⁩

[@nourmohammed4193]

سفاحين مصر- Sfa7en EG اشطة يا سفاح

[@Ahmed-lp7db]

@@majsal877 هي امك

[@DerekHoule]

We are working together to strengthen Egypt and give Egyptians a framework so that they will have the tools they need to prosper. It is not easy and it doesn't happen overnight, but soon bit by bit individuals will start to see personal improvements in their own status. Keep in mind that there are millions of people in Egypt, and until now many things have not been modernized due to many factors and it remained in this condition for a very long time. The task is daunting but do not worry there are many Nations making changes that will allow them to make the necessary investments that will lead to prosperity. If we can have everyone Unite as Egyptians and end some of the infighting and prejudices between different groups it would help very much and make our work go faster.

[@joegafy9544]

MO SALAH😍❤

[@aflammovie3611]

People do not value long term investment, they will not wait to get income, But El-SISI doing the better for Egypt,

[@user-bw2vp3hj5w]

تحيا مصر⁦🇪🇬⁩✌⁦🇪🇬⁩

[@alenlalic7060]

Development is always a good thing, congrats to Egypt

[@68demme]

Many people are suffering because of this. The government needs to pay the contractors that took the jobs and stop finding excuses to pay the money they put out of their own pockets.

[@salmafarid8472]

There was a lot of information purposefully left out, the city has designated places where those who live under the poverty line are meant to take free housing with all the previously mentioned amenities, that's not to mention the other housing units being built corresponding to this that are given out to the public who can't afford them at random. The investment in the capital city is not coming from public funds or mysterious companies as well, the investment is coming from the benefits that any company would have simply because as the land grows in prosperity the prices of the land grow and as such they make profits on the long run, it's simple and it's wonderful, it doesn't take much money from the country's own national funding but yields a whole capital as a result. One last point that I believe is important that was left out is that more than 5% (we're 100 million citizens so that's more than 5 million people) are government workers and they have their own buildings assigned to them for free as the government is going to move its headquarters to the capital. By the end of the project more than 6 million citizens would have free housing, those who lived under the poverty line with improper housing would have stable housing and so would government workers, that's not to mention the housing which will be offered to the market, this *is* a wonderful project, it's rapidly growing and not taking a toll on the public national funding as opposed to what was implied in the video

[@mohammadel-saaidy6404]

Government is going to provide free housing for 6 million people ROFL Can't stop laughing

[@LiLT0Y]

Mohammad El-Saaidy Well tbh they said they will build and they did so if they said they're going to provide free housing for people there is no reason to doubt that... except if the reason is that I'm an Ikhwan who is programmed to hate and spread negativity lol

[@mohamedelkaramany9863]

@@mohammadel-saaidy6404 Sisi-Propaganda lol

[@Meda1011]

I liked it when he says the price is reasonable!!! Only rich people will live there as the average cost per sqm in the apartments is 12000 EGP. Where 88% of the Egyptians earn between 1000-2500 EGP per month! I have been there myself and asked the about the cost! But, I’m proud of my country that they are now very focused on developing huge projects in a short time.

[@shifokh]

Prices start from 9000 per square meter

[@ehabgamal4756]

Good report. This city will make a great difference in Cairo itself, it will decrease trafiic which means lower population and better services. And for those who say it's for the rich, no one will take you out of your home, if you wanna buy in this new city, work and pay, and if you are poor plz let me remind you that Egypt is also building new cities and better communities for you. #Egypt2030

[@Fahdsoud]

It is very nice 👍

[@saidmohamed6190]

nice report ☝👌

[@amregypt3308]

Long live Egypt

[@user-rs6os9bl7n]

تحيا مصر

[@ahlaw1171]

It's amazing

[@5-moviein5minute6]

I don't know why most Europeans & USA are disturbed by Chinese for its contribution for buildings in Egypt , anybody can noticed that obviously from this & many other reports .. but why?

[@mohamedelkaramany9863]

They don't want chinese influence to increase in ME and Africa.

[@livingforever6157]

There is a power struggle.

[@PercepiusProductions]

It’s 2019 now, is it done?

[@mostaphahamdy3798]

Yes

[@habibahossam6360]

Ofc search rehab compound,water way,madinaty compound,lake view some of the places in new Cairo

[@mar.c1]

@@mostaphahamdy3798 Its not done.

[@fyra5342]

2020 will fiish 30/6

[@ahmedmohamedabdelhakemmoha9760]

It will finish 2022

[@Hala-bu2cl]

I'm Egyptian. CeCe's my president. I support him with all my heart

[@ahmplays925]

same

[@vengefulavenger7552]

He might cut out your heart.

[@ahmplays925]

@@vengefulavenger7552 ... Nah

[@ahmedbadr4717]

hard life in Egypt but god with us

[@666Anthropophobe999]

Which one Ra or Osiris?

[@amoun5062]

@@666Anthropophobe999 Allah

[@666Anthropophobe999]

@@amoun5062 Don’t know here…

[@ykmvp1870]

Andrea Crnjanin because they’re Arabs not ancient Egyptians idiot and they’re mostly Muslims why would they take idol god names

[@ykmvp1870]

Mohamed Ashraf yh but u guys aren’t try original Egyptians that what I’m trying to say u might not be fully Arab but have arab in u

[@alex_light5267]

المزيعه :انت بتقول اه ؟

[@basemmoans1620]

Love Egypt 🇪🇬

[@ramesseum3188]

دايما تفضحونا ف موضوع اللغة هاتو حد بيعرف يكلم انجليزي. فضحتونا في مؤتمر الشباب العالمي المترجم خريج ابتدائي

[@koorachampion6983]

هههه لا عادي

[@mohamedalaa4043]

يسطي يعني هي بتعرف تتكلم عربي، اهدي بس حبة

[@aliashraf3425]

مش مطلوب منو يبقي مترجم انجليزي يعني هو مصري مش امريكي

[@mohamedashraf7839]

Great work ❤💙

[@kipchakkipchak5217]

Inshaa allah good luck for egypt .

[@crazychicSHENA]

Love🇪🇬

[@989ta7]

المشروع ده كان لازم يتعمل من زمان القاهرة بقت زحمة لاتطاق شكراً للرئيس السيسي انه اخد القرار ده

[@BusyEnglishBook]

Egyptians have never seen a president who appreciates the country's potential and value like President AL SISI.

[@andeezaima319]

57k usd is a lot cheaper compare here in main cities of Malaysia where you can get a studio (1room) apartment about 500 sqft for around 125k usd up to 200k usd. These people might say the cheap apartment would be around 20k usd or so? the price of a car? lmao

[@anubis1243]

There are actually Brand new two bedrooms for less than 20k .. but not in the high class regions and new big cities

[@user-jq1rr8ic4p]

So,..Come to Egypt😄

[@alansousian7673]

I just fucking wanna know what the hell army doing in Egypt everting doing by army

[@AMproductionEg]

Do You know that the average salary of a doctor in Egypt is 200$ per month

[@lolok471]

because it isnot a wealthy country and the population there is crazy i guess u can calculate through a simple formula if u have 5 oranges and 5 people then an orange for each but if u have the same 5 oranges and 100 people i think each will take less than a bite apply that on ur case and i guess u will know why salaries are low there in egypt

[@user-or1rm1ol3q]

And the prices are cheap so what

[@Beyonder1987]

Cairo is built over 1000 years ago. Its not made for modern world with cars. New City will help allot.

[@ahmedelsherbiny3243]

الراجل ده هيفضحنا 😂

[@ahmedmagdy6665]

ههههههههههههه

[@arafat464]

This is not the first time Egypt has tried to build isolated satellite cities. They have all failed thus far. What is the point of this when the VAST majority of Egyptians are priced out? Who will buy these apartments?

[@nefertiti8095]

They all failed? Lol are you sure that you're talking about Egypt? Lol.

[@peterwang5196]

The key is jobs.northern Africa and India youths are worst in global youth unemployment syndrome you can see when visit, young people stand by the road side not doing anything not going anywhere

[@sammiesmith6690]

Egypt on the move.

[@mmody6494]

sisi doing his best despite skepticism campaigns being launched by islamist extremist muslim brotherhood , no doubt egypt on the right way but we hope more improvements in many aspects .

[@medoali5626]

😏

[@ahmody7500]

ِِAnd in order to build this they spent billions of our tax money which in return made us sink in debt and inflation , Egyptian authoritarian regime is slowly ruining Egypt

[@tigertiger4921]

This is not your taxes money, this is Saudi and Emarti investments , and these buildings are for rich not the poor!

[@bohankok12]

Taxes !!! Bullshit

[@basselyasser7673]

zeyad abuzied Wow you sure debunked his comment with logic and facts !

[@elmasry3241]

Ahmed Elshiekh slowly???

[@zeyadashraf6396]

@@basselyasser7673 logic and facts I don't need them to dubunk ur bullshit conspiracy theories

[@AbazizPlays]

How much they pay for showing this report in CNBC Life? 😂

[@amros.8607]

is this smhow sponsored? seems that the Egyptian state paid for it. dafuq are they doing

[@LiLT0Y]

haha if the Egypt is paying foreign media that on it's own is a "win" tbh why u hating !? and if they're paid to display reality and real projects ain't nothing wrong with that so what exactly is your point? hope you're not another "Muslim brotherhood" sheep who do nothing but literally pick on anything trying to make people hate their lives and their homeland

[@amros.8607]

Omar Al Ansari anotha MB's sheep? MY OH MY..smiiiirks, anotha brainwashed sisi's agitprop media slave who thinks any dissident is a MB particpant. That's propaganda and the reportage is an apparent farce. It's showin the tip of the berg overlooking the waste of resources and the mess such empty projects are creatin-suez canal project is anotha one-, watching this is a waste of time and absurd, but apparently you are a good citizen who trusts his dictator. btw, regarding the MBs "sheeps" here's a quote for you punk by Hannah arendt, «العنف ينتج عن الغضب حين ينتقص إحساسنا بالعدالة». yikes

[@amros.8607]

cut the ghetto slang, trash. w pls don't reply tany and "dwr 3la 7d taany" yla ya 7eletha mn hna.

[@LiLT0Y]

lol dude you just proved what I said that you will ignore the main subject and important points and pick on a small detail such as if Arendt is known or not and how I need to get an educational course about world's useless philosophers, that's after you quoted a saying that has nothing to do with the discussion in first place!! you're a typical sheep dude I can swear almost 95% if not all of MB's sheep I debated do the same they can never stick to a point and reply to it 😂 gtfo even ur english seems like you've learned it from 9gag dude u must be a 15-16 yo who happened to be born in an Ikhwan family who managed to teach you useless philosophy that always justifies you being a sheeple like terrorist group..

[@LiLT0Y]

amro saeed ki555 ya baba ki55 you're using inappropriate language for your age

[@Offa7a]

Seriously they couldn’t find a better speaker for this shitty project. Military owned military built military vision .. you know where all this leads to.

[@shifokh]

Not military built tho

[@medostylish]

Yes for the development .no for corrpution and terrorism.mohamed fathalla aginst corruption.price is very expensive in the new capital not reasonble at all

[@naguibelrabiey8358]

They should have sent someone who speaks better English to that interview

[@masoodjalal1152]

They should have sent a reporter who speaks and understands Arabic. English is not the only language.

[@ahmedmagdy8553]

عايزين ينقلوا في المرحلة الأولى من المشروع مليون و نص فرد والشقق اسعارها تبدأ من حوالي 57 الف دولار يعني حوالي مليون جنيه لا تعليق

[@eiadassemabdelalimelrefaiy3139]

كل ما وحدات تتفتح هتخلص وافتخر كلامي

[@anubis1243]

فى أراضي في الأقاليم بتتباع ب ١٥٠ الف جنيه المتر .. اضعاف العاصمة .. فى ناس معاها فلوس و فى اجانب وعرب

[@K-Kratos]

Hooot

[@mohamedeltantawy793]

Viva egypt with sisi

[@Mindstormmindstorm]

Désert illusion !! Alsissi is sick and he is waisting debt money on very big useless projet while Egyptians are suffering food and drug shortages and especially health care catastrophy

[@jtb229]

Cathedral?????? يا سيسي ماذا تفعل يا رجل

[@sherifelshahawyy]

Jordan XVI it’s not your fucking business egypt has 20 million Christians

[@ostaz007]

Misr!! Ahsann nas!!

[@GovernodoSenhor]

We going to divide Egypt and founds the nation of the Spirit of God there...is necessary the dedication because of all the history of God presence there to free the people

[@GovernodoSenhor]

#unitingmiddleeast We going to divide Egypt and founds the nation of the Spirit of God there...is necessary the dedication because of all the history of God presence there to free the people facebook.com/253770905063670/posts/647593149014775/ we going to divide Egypt also only by speaking in tongues #speakingintongues >>{kzbin.info/www/bejne/jmm5oJesgLKVbbc

[@panjo1576]

SHUT UP.

[@boutamaha4744]

what a bias PR.

[@derkonig8205]

Ass Hole SISI ( Balaha)

[@basselyasser7673]

zeyad abuzied I, too, support you in your quest to advocate for the public execution of people who say bad things about the current guy in charge of the country !

[@mist9385]

LOL

[@LiLT0Y]

zeyad abuzied you're dumb as fuck man the nigga said he supports you wtf u high on dude u fucked up lol

[@ahmadfathy8964]

Fuk you andordgjan

[@jesussavesletyourgooddeeds3623]

Help this man

[@Creative_Chaos_TV]

Dystopia

[@shoushajr1716]

this is a failed project since it will give rise to extreme inflation, are there any economists thinking about this? the economic situation in egypt in terms of the value of the Egyptian Pound is drastically in ruin, projects like these push the inflation further and aren't worthy in the long run

[@zeyadashraf6396]

Piss off u bellend do u understand politics and how this will benefit our nation in the long run go eat some horse shit

[@hanygeorge8603]

قل موتوا بغيظكم

[@basselyasser7673]

zeyad abuzied Wow you sure debunked his comment with logic and facts !

[@shifokh]

How will it increase inflation?

[@shoushajr1716]

zeyad abuzied you're a worthless kid, your whole existence is as good as a rusty metal on a rat's ass

[@luqi01]

sisi has ruined egypt

[@kp5602]

No he's made it better.

[@KiroRamyOriginal]

Are you dumb or something? How could he ruined egypt when he is going to the right road? You really such an idiot

[@samhalim]

sound good right but this is build for the rich not even for middle classes.

[@Kingdomsandbattles]

new administrative bullshit !

[@kalebwgiworgis9497]

Why Egypt against Ethiopian Dam ? For water ? no absolute not. The dam has more than 11 outlet for water w/c produce electricity. Because Ethiopia will produce electricity and grow . That is why...

[@مقارناتالجيوش]

this dam not made to generate electricy 12 years now and still nothing. its made to deny the water to egypt and sudan 🍌

[@msowefy]

This report is sponsored

[@mervue2292]

Waste of money!! For what to they need this need this city to seperate poor from rich. This massive price label can be used to help solving more important issues in egypt, like education, pauverty etc. Or make current cities more better livable where the average egyptian can benefit from. Really why do they need this! Ask yourself no added value. New place for politics, why they csn use their current buildings. Only more money and nicer place for elite