Why Egypt Can’t Afford Its $58B New Capital City | WSJ Breaking Ground

[@ayyoubetta.489]

The creation of Versailles, 12 miles from Paris, was one of the factors leading to the French Revolution. It isolated the king from the people so he had no idea what was really happening in Paris. Ignoring the peasants is risky.

[@xenon6947]

New Delhi was created as New Capital by British to distance itself from freedom fighters and rebellious public of old capital Kolkata India.

[@Cyan_Nightingale]

​@@xenon6947Which was one of the factors led to the fall of British colonialism later.

[@_Bruno_Cesar_]

We built Brasilia in Brazil, it wasnt as bad. Brasilia is an Oversized city, with plazas and streets intentionally large to make any manifestation and crowd look small on the cameras. Its far from all major cities, so to get there you have to travel. In some ways, it isolated the power, but it also brought stability. While millions of people do their manifestations in Rio and São Paulo, the capital is far away. In the brazilian case we have cities way too big, bigger than anything in Europe or America. Any true manifestation involve hundreds of thousands or even millions of people. The capital far away at least give stability to the country while also allowing huge manifestations to take place without risking the country's democracy. If you want the President out of office, you ought to do it through the correct means. But at least in Brazil we have those means to take presidents out of office, just like we recently did with Dilma Rousseff, i dont know how things work in Egypt. Anyways, we have to admit that there are positives to this capital. Its hard to say if Egypt will be better without its leaders, we know what happened in Lybia with Muammar Gaddafi. Finally, i dont think the ancient egyptian population had first world conditions when they built the Pyramids and maybe in the future egyptians will have better use for these structures. We are somewhat part of nature, just like people built their houses around Brasília, egyptians will grow and adapt around their capital.

[@john10000ish]

@@Cyan_Nightingale British Empire fell due to WW2 losses.

[@Hyf5]

I don't think it's the same now as it was in the 18th century, there are CCTVs now and a whole lot of modern ways to control the peasants. I'm from egypt and in 2011, the revolution stopped the country in its tracks, the protestors burned down government buildings and police stations, if another 2011 were to happen now, they could just simply cut the transportation lines, park the military outside the new city and wait it out. The protests would not affect the government at all.

[@eliomarlacerda6943]

Brazilian government did something like this here during the 60s and the result was disastrous, a huge debt, especially with the IMF

[@booksquotes948]

Where ?

[@RandomVidsforthought]

​@@booksquotes948Brasilia i suppose

[@lubicakamzikova74]

Vcera nieje dnes Dnes je zo zajtra perfektne premakana technoligia a system fungovanja 👍👏😊

[@randomuser66438]

But it does the job of preventing massive protests. That's all they care about.

[@afiasheikh416]

ever think why IMF give loans to build roads, cities and not universities, hospital, factories?

[@AaronTheHarris]

The most depressing thing is not only is car-dependent sprawl the most expensive type of infrastructure to build, it's also the most expensive to maintain, especially in the heat of the desert. Most likely they'll need to be rebuilding their roads and water mains within 25 years, before they even are fully inhabited.

[@diablow1411]

That's pretty much the whole of Middle East. Got a cousin living as an expat with his kids in Qatar and he told me it's virtually impossible to even stand on a sidewalk, let alone walk, partly due to harsh heat; the government there is planning to "centrally air condition" the roads, apparently 😂

[@SKAOG21]

Yeah i don't understand why Egypt and other countries in the Middle East voluntarily choose to build sprawling American type cities instead of denser European or South/Southeast/East Asian type cities

[@NoahRogers-iy1fm]

Maybe because they think they have a lot of land witch @@SKAOG21

[@amaama3656]

Your name says it all ! Do not talk if you know NOTHING about the new project in Egypt. . @@diablow1411

[@WastedBananas]

there is no such thing as "South Asian" the term is Desi@@SKAOG21

[@minimalistic_banhaus]

Very disappointing to see poor countries invest in expensive car-dependent city design/infrastructure.

[@yonnn7523]

all the more disappointing when the same resources could have made a huge improvement to Cairo infrastructure.

[@faheemabbas3965]

This type of infrastructure is so common in new cities in developing nations, especially those in Asia. It’s crazy.

[@federicoxxx.jjjh.f2sss348]

​@@yonnn7523the city needs to grow, it's way too dense and unorganized. But the new capital should have been a model of sustainable city design. The worst part is that a sustainable design woulve been also much cheaper

[@lilacghoste8366]

​@@faheemabbas3965Asian have car worshiping culture and having mentality of looking wealthy by owning a car, kinda like Americans

[@abdullahaanawaleh]

Yeah, they could've planned smartly around a good public transport system. Such a shame they've not used their brains.

[@1811tito]

The egyptian miliatry became economic power rather than a miliatry one Some of miliatry companies include gas stations, mineral water, olive oil and even they sell meat and chicken for customers they became a country inside egypt

[@tomsriver2838]

Is Egypt the new Pakistan?

[@1811tito]

@tomsriver2838 They even own more companies and they work in construction, private roads, hotels , clubs and media channel's and even film and series productions and more every thing in egypt are owned by military one way or another

[@MohamedIbrahim-kz8yl]

@@1811titovery good news to Egypt.. Thanks for sharing 😛

[@MugroofAmeen]

Looks like Egypt's military had learned a thing or two from Turkey's military.

[@Ragnar1210]

This is so similar to the Pakistani military!

[@TrogdorBurnin8or]

This is entirely a defensive measure. DC was built (and Paris was redesigned) with very wide avenues that the local population growth wouldn't saturate for hundreds of years, explicitly so that you would be unable to barricade them. In this case, the military is not only afraid of foreign conquest, but of civilian uprising. If nobody lives there but functionaries, you'd barely even notice a shooting war going on in a Cairo insurrection.

[@engmsh3544]

Compering something from 18 century to modern time 👍 with different weapons transportation and economy...

[@yrobtsvt]

@@engmsh3544 Myanmar just moved their capital 10 years ago for the same reason.

[@engmsh3544]

@@yrobtsvt the situation is completely different. Egypt is not like maynmar The new Egyptian capital will have 6 million residence and sid by side to new cairo (5 million people) and Badr city and Al Shrouk city , madinity.. They build first a massive transportation network between cairo and the new capital including mono rail and light electric train and buses and will have speed rail soon. East cairo is literally fall of new cities and massive private and public projects.. The military wants to build new government building and also makes large amount if cash.. They saw private sector keep building new luxurious cities and making billions of pounds so they copy it

[@vickycameron-x8l]

LOL (if it wasn't so serious) you're so right!!

[@arthas640]

@bbabbich3467 Also for slavery. Presidents like Washington didnt want their slaves too close to free states and wanted a nice grey area that wasnt free or slave state to bring servants with them to. Gotta remember that for the first 60 years of American history from 1776-1837 all the leaders had slaves with Jefferson and Washington being some of the wealthiest men in the colonies thanks to vast amounts of slave laborers.

[@atulkumar943]

Openly announcing separation between government areas and public residential areas somewhat kinda feels like the Government will be attracting revolts soon

[@iandavidvillaloboswong5180]

The U.S biggest cities are far from Washington D.C I dont understand why this is supposed to be a problem

[@khoado2060]

@@iandavidvillaloboswong5180DC itself is a big city on its own.

[@Cpt.Price123]

So is the new city in Egypt

[@ihmpall]

@@iandavidvillaloboswong5180you’ve never been to dc have you

[@iandavidvillaloboswong5180]

​​@@khoado2060 I said biggest cities, the biggest cities in the U.S are NYC and Los Angeles. Washington D.C is 23rd by population according to Google.

[@mrcloudiesbestfriend]

Could’ve put that $58 billion into massive improvements for Cairo, but that would’ve benefited the people over the military and political leaders. It’s a total disgrace.

[@ponyclub3198]

Welcome to the middle east

[@Deriv44]

The real goal is to make it harder for the people to pull another successful revolt in the capital, which the old capital Cairo design couldn't guarantee, but the new one would help prevent any also money going to certain interest groups friendly to the government building the city and getting some of that 58 billion dollars in there pockets

[@StOrmZIsoNItZWaY]

I agree though I also think part of the new city isn't a bad idea. A lot of countries have planned capitals (e.g. Washington DC, Canberra). Cairo's congestion and old design definitely do cause an issue in terms of different offices of government being able to work together. The issue is that this project isn't about streamlining the function of government, it has ballooned into a prestige megaproject.

[@lamlam-bw7ev]

Like when Paris was redesigned after the French Revolution?

[@newvalley15]

Not 😂

[@newvalley15]

Not true 😅😅😅

[@tiefblau2780]

Who cares these can be the next Chena... LoL

[@williamhornabrook8081]

I'm interested in why they chose to build so much at once. Interest rates and construction costs have exploded since this project was started. I don't understand how you can budget for that.

[@tarekmoustafa2126]

Egypt has a history of national projects and national efforts. Some had been great successes like the high dam in the south, Eradication of polio, and most recently free treatment for Hepatitis C (ElSisi era project). ElSisi is trying to trigger nostalgia by announcing national projects which initially gave him massive public support before backfiring.

[@cli4g67graS]

Agree, it should be built gradually

[@kongwee1978]

It will be more expensive to build gradually, especially we are in high interest rate era.

[@gjsoriano1]

More likely to make it more stable. Government staff will need residential buildings, and their families will need work/offices. These relocated people will look for dining areas, shopping, and entertainment areas. These kinds of city buildings usually happen in big phases and also coordinate with private-funded blocks to synchronize construction timelines.

[@Monsterpala]

When your in power you gotta make the best out of it. And thats money. There will be cuts for all the important decisions makers and the military. The bill goes to the poor. Old story.

[@blackburnheart]

Al Sisi is building a new Versailles.

[@ahlaw1171]

I am sorry to say that this report is biased and unfair. I do not know the reason, whether it is political bias or just ignorance... because simply Egypt needs this project strongly, and most importantly, it is a strong addition to the economy, as it has provided very many job opportunities, moved building materials factories, and prevented the crazy increase in real estate prices in the old city where people live. It increases and the earth does not expand. Where do all these millions live if there is no new place and how does the government manage citizen services without modern infrastructure and advanced technology.... This video is very misleading.

[@kalord1251]

Thank you . You literally the most sane person on the internet​@@ahlaw1171

[@Endocryne609]

@@ahlaw1171I understand but what about new Cairo? Why don’t they focus on building up their “new” capital before making another. And other then that the president does not need a golden palace like a pharaoh. They could have made the city smaller and more sustainable but they chose not to.

[@johnmories]

really every media in the west ignoring the development that currently happening in Egypt.......all the video is about is brainwashing people into believing that the new government is making a capital for wealthy people and making a new safe house incase some riots has turned.......i mean really us is the most corrupted countries in the whole planet leaving its people in hunger killing and invading other countries stealing from them........and then comes to talk about the development that happens in Egypt and calling in corruption........why is that.......and unfortunate people are believing this thinking that Egypt has a dictatorship system or something like that......really brainwashing your people is sick......but thinking that what you do is gonna make us stop.....in your dreams........we are making new cities from fourth gen. not only in new admenstrative capital but.......ras el hikma, new alamein, and other 14 cities that is been made at the moment new projects, agriculture and factories new industries and development are bing made in egypt everywhere

[@jaegar2004]

Calling it the new versailles is delusional because it will have a population of 6.5 million people. Spending only 58 billion on it is very affordable. There are maybe 15 skyscrapers but that's it, the rest is affordable residential housing. Egypt's population is rising, 10s of millions of kids are growing up and they need space to live. Also dont forget that egypt is pouring a lot of money into renewable energy and even planning to export solar power.

[@Directlite664]

Mistake they did here was to try to complete it all at once. They should have broken it into smaller parts and completed one section and then move to the next. That way, they could start earing before the project is fully complete.

[@johnmories]

really every media in the west ignoring the development that currently happening in Egypt.......all the video is about is brainwashing people into believing that the new government is making a capital for wealthy people and making a new safe house incase some riots has turned.......i mean really us is the most corrupted countries in the whole planet leaving its people in hunger killing and invading other countries stealing from them........and then comes to talk about the development that happens in Egypt and calling in corruption........why is that.......and unfortunate people are believing this thinking that Egypt has a dictatorship system or something like that......really brainwashing your people is sick......but thinking that what you do is gonna make us stop.....in your dreams........we are making new cities from fourth gen. not only in new admenstrative capital but.......ras el hikma, new alamein, and other 14 cities that is been made at the moment new projects, agriculture and factories new industries and development are bing made in egypt everywhere

[@samlosco8441]

One problem is that, when it comes to future Egyptian population growth, 6 million is barely anything. Egypt is expected to have over 200 million people by the end of this century, meaning their population will almost double despite already being very densely populated. Is Egypt doing anything else to offset the huge demographic problems that are coming? 6 million people being settled in a new city is good, but it's still a small number compared to the almost 100 million additional Egyptians projected to be added to the population in the next 85 years or so.

[@EsLaMMOUSSA]

Smart man .. Egypt has built more than other 20 cities beside the adminstrative one and continue to build a new 24 ones .. revise your info

[@janjan55555]

@@EsLaMMOUSSA Are you suggesting that Egypt is on "the right track"?! Having visited that trashy country on several occasions, I can tell you FIRST HAND, it's going the WRONG DIRECTION! Dwindling water resources, failing monetary policies, inflation wrecking the country, housing becoming a dream for the youth... EGYPT IS HEADED TOWARDS DEVASTATION! IN THE GARBAGE BIN OF HISTORY! (Elect sorry leaders get sorry results!)

[@janjan55555]

The population itself isn't the issue Sam, the main issue is Egypt's climate mixed with its dwindling water resources and pathetic government. They seem to not be aware that unless they make a deal with Congo to set up a new artificial river from Congo River to Southern Egypt, the country is actually permanently drying up with zero water resources to feed or offer their people fresh water...

[@bretonneux3389]

@@EsLaMMOUSSA yeah, with the money of the gulf countries....this money is not going to run flood forever....

[@sherifmahmoud7703]

@@janjan55555 its not as easy as you make it sound. First of all, its not an artifical river from congo to egypt (3,500km) because that is just crazy. The proposed project was to connect the congo river to the nile river (still a monumental engineering feat); but that requires the consent of four countries downstream who don't have a water crisis or any other economic incentive, and lots of engineering work would be needed to avoid floods in south sudan and to protect the sud. It could happen only if there is enough research and an economic incentive to convince congo, uganda, south sudan, and sudan to support this project. A more realistic solution for Egypt's water crisis is to invest in seawater desalination like other desert economies in the middle east and north africa. It is getting cheaper every year. Another solution is to import more food - but that requires improving the economy to be able to afford it. It will also require Egypt to invest in other African countries who have agricultural land so Egypt can diversify its sources. Egypt's overreliance on russia & ukraine for food imports hurt Egypt more than any other country in the world when their conflict broke out.

[@vble2337]

Egypt doesn’t need to modernize its city, instead they should maintain and build stone structures to keep the history alive. Not every country needs to look like the west or Dubai.

[@diablow1411]

Well, if you're into history, you may have noticed dictators are always into perception building, and Egypt is no exception to it. That, and the glitzy projects are also an attempt to legitimize their dictatorship by calling it 'progress'.

[@nick_0]

Actually every country should have a new modernized administrative center especially for international business, that doesn’t mean neglecting the organic growth of the rest of the country

[@George-zd7mu]

Not every country need to experience the best life just like the west do you mean to say?

[@rholalbi8155]

😂😂😂 jokes Arabs can never built what African kemetic ancestry did

[@kongwee1978]

Yup, only let west the best life.@@George-zd7mu

[@Vevxo]

Sad to see Egypt making the same mistake that Brazil did with Brasilia.

[@sassi7190]

There are no opposition parties there, or a chance to say you mind against the ruling system. you will got arrested

[@theemirofjaffa2266]

What's the mistake with Brasilia?

[@Infernal_Elf]

@@theemirofjaffa2266 indeed its the most successful move of a capital in modern times.

[@greywolf7422]

Hope that's sarcasm.@@Infernal_Elf

[@DjibrilD__]

@@Infernal_ElfAbuja is

[@buddymacbuddington]

When the people in Egypt revolt they will most likely be in cairo while the government will be far here with little population not giving a fk

[@momo82041]

I was born and raised in American but most of my family is in Egypt and it breaks my heart when I talk to my cousins and they have no clue about the true intentions behind the capital. The propaganda is so powerful that even the people unable to eat are celebrating the capital. I’m really afraid that the truth about this capital won’t be realized until it’s to late 😢.

[@elintocable0072]

Aja and what is the true ?

[@ptonpc]

@@elintocable0072 It is being built for several reasons. In no particular order and missing out smaller reasons: 1) To ensure the government is isolated and protected from any riots or rebellions. 2) To siphon off billions of dollars to the elite and the security forces. 3) For vanity.

[@momo82041]

@@elintocable0072 the primary purpose of the capital is to get the president and his loyalists away from Cairo while also placing a massive desert and ten military check point in between them. He knows his poor management is going to lead to massive food and water shortages and with an enormously high inflation coupled with his corruption and refusal so leave office another revolution will be likely and he wants to make it impossible to be overthrown.

[@MohamedRamadan-qi4hl]

I am from Egypt and no. We are as a people very cynical about literally everything out government does and distrust it

[@shahnawarkhan266]

Being born and raised in America has created the real problem for you, otherwise the project of building Egypt's new capital has nothing to do with your worries about this futuristic master plan.

[@sulaak]

Abuja, Nigeria, was built to decongest Lagos and provide development to central Nigeria. It worked very well. Abuja is now the administrative capital, and Lagos is now the commercial capital hosting the country's stock exchange, oil companies and banks.

[@mzerk9324]

Yes but not borrowing billions to start new city

[@yihuda7459]

Nigeria problem is over population…Abuja is getting crowded too …it looks like Lagos in some areas ..the traffic too …Egypt problem is the military and,gov borrowing money to build city …

[@arthas640]

similar story to DC which was built well away from the major population center of NYC and the economic center of Philadelphia. Until fairly recently it was a wide open area with buildings spaced fairly far apart with plenty of open parks, and wide roads all to prevent congestion and ease things like travel.

[@BeitBridg]

Only a fool thinks this is to decongest anything. This is simply to consolidate power and solidify dictatorship.

[@tonyapendleton7467]

Have you been to DC? LOL@@arthas640

[@BobBob-is5ny]

Egypt can't stop building huge, pointless mega peojects

[@Pfyzer]

Pyramid was dope tho

[@Noamchomsky1917]

@@PfyzerFacts

[@nick_0]

No

[@George-zd7mu]

The Pyramid wasn't pointless , and i think this one wouldn't be

[@KnightDarkness-bv1ei]

I see what you did there

[@jhmcd2]

I've been to Cairo, and to Sisi's credit, they needed something. I don't think there is any way to really fix Cairo. Its a nice city don't get me wrong, but there is no easy way to update it, and it would have cost way to do so that building this place. I get the fact that it has other benefits, but still.

[@GaddaDasder]

I think Cairo should be left as it is he made the right decision on that it’s so old and historical so you can see the real Egyptian culture and history if you decide to visit as well as the Nile river

[@HKim0072]

Seems fair. My only quibble is my spidey sense always goes off with expensive construction projects. They are famously fraught with corruption and skimming.

[@grsafran]

But still what? Those other factors are what brings about prosperity. This city is a boondoggle for the powerful to make a lot of money before they leave the Country to live somewhere else nicer

[@emberscott]

Look on the brightside, if another countries wants to obliterate their entire gov they only boom one little spot far far away from the vast majority of the populace completely avoiding civ casualities. Are they doing their populace a favor, themselves a favor or both. I just can't seem to see a major downside.

[@Cpt.Price123]

I can tell you're american

[@user-lb1qn6wf6c]

Egypt does not have that luxury. There is no viable place to build a brand new city downstream or upstream of cairo.

[@saulmd4846]

Wow I’m so proud and happy for Egypt 🇪🇬 😻🇸🇦

[@cmwHisArtist]

Real people want neighborhoods, not skyscrapers, steel, cement and five mile trip to buy anything.

[@hopeman7717]

In recent years, the government has established many social housing complexes and transferred many slum residents to them for nominal rents. It has everything next to each other, and the government built everything in it, even places of worship, including mosques and churches.

[@johnmories]

really every media in the west ignoring the development that currently happening in Egypt.......all the video is about is brainwashing people into believing that the new government is making a capital for wealthy people and making a new safe house incase some riots has turned.......i mean really us is the most corrupted countries in the whole planet leaving its people in hunger killing and invading other countries stealing from them........and then comes to talk about the development that happens in Egypt and calling in corruption........why is that.......and unfortunate people are believing this thinking that Egypt has a dictatorship system or something like that......really brainwashing your people is sick......but thinking that what you do is gonna make us stop.....in your dreams........we are making new cities from fourth gen. not only in new admenstrative capital but.......ras el hikma, new alamein, and other 14 cities that is been made at the moment new projects, agriculture and factories new industries and development are bing made in egypt everywhere

[@heshamabdou5259]

Building people is more important than building huge cities AS an Egyptian young man who lost his life due to bad planning and the control of Egypt by corrupt people and thieves I say unfortunately that there are millions and millions of geniuses, young and old, who were not benefited from, and whose lives were deliberately destroyed The most ancient people in the world have been exposed to tragedy since 1798 Until now 💔

[@hopeman7717]

بناء البشر ازاي ياريت توضح

[@theemirofjaffa2266]

You lost your life? How on earth did you manage to post a comment on KZbin then?

[@heshamabdou5259]

When you are a young university student, you have spent 25 years of your life studying, and in the end you need to work 17 hours a day for 30 years to pay for a 60-square-meter residence. In a random area So you live dead Whether you write on KZbin or not @@theemirofjaffa2266

[@moustafamohamed2329]

​@@theemirofjaffa2266😂 it's his after life soul comment😅

[@kristinaF54]

All the Egyptian government have to do to populate the new city is rent out the new buildings and apartments to people and businesses instead of asking them to buy them outright. Since the prices are clearly out-of-reach for most Egyptians, it seems like a more sensible financial solution than letting these new apartments and buildings stand empty and accrue costs in maintenance and general upkeep.

[@myname2938]

Maged Madnor is a clown and he tells lots of misinformation and hide the truth.. The government is already doing what you said and they build a massive district in a close by city called Badr city. Also Shorok city and Obour city and new Cairo all linked with light electric train and soon the monorail. The new capital is literally side by side with new cairo (el tagmo3) if you focused on the picture they alway make it like it the dessert between the new capital and old cairo.. Which is not true, their is (new cairo) and they put it in when they review the satellite images 😂

[@eagle-el6px]

I mean, if i had to guess, rent will be a solid 20k or 30k egp, and if you aren't from egypt, that's basically like higher then about 90% of people salaries in a whole month

[@danielpunton5943]

But where's the margin in that. This is Egypts famously corrupt military mafia - they don't do anything except for graft.

[@GabrielalmightyTanzania]

Reviving Ancient Egypt. ❤ 🇹🇿

[@Greensanctuary-c4w]

Babilon

[@lebacel]

Egypt is poor but their government find time and money to male new capital instead of renovating the old one. They are just childish and dreaming to have their own Dubai but with a Costco budget.😂 Its so stupid. And egyptians are praising them and being happy about it...

[@tyetyetyetyetye]

let's be real, it's a global influence city for the Suez canal

[@Private-pp9om]

In last decade and despite recieving tens of billions of aids from gulf countries to support the regime (estimated at $90 billion USD ) Sisi started borrowing in a mad manner to fund many useless projects mostly allocated to military companies. Egyptian government external debt increased from roughly $40 billion dollars to more than $165 billion. Meanwhile domestic debt also increased from 1.5 trillion pound to almost 7 trillion pounds. The central bank expanded the monetary base more than 430% contributing to inflation. The USD exchange rate went from 6 pounds to over 70 pounds in ( de facto recognized parallel market ) The 2023 government budget revenues are made of almost 47% new debt Meanwhile government spending almost half of the budget on debt services and interest. For 2024, all government revenue won't be able to meet our debt service obligations Meaning we have to borrow an enormous amount again The government spending on debt services alone is 6 times their spending on education and 9 times their spending on healthcare. In 2024 , debt service would exceed all government revenue ( tax revenue + Suez canal + natural gas + other state companies dividends ) by 13% In the last decade, food prices almost increased more than 10 folds. Yet the fake propaganda still promote simple GDP growth figures ignoring the fact that the fake GDP growth figures just reflects massive increase in government spending on useless projects which is all funded by massive debts with very high interest rates. Remember GDP calculation include government spending + FDI + net exports

[@Wasengenyie]

Its deliberate, they know they will not be allowed to collapse.Its US and EU problem!

[@lucifer12354]

Are you an economist?

[@lillysnet9345]

When I read comment like this, my heart is trembling... because this is happening in Australia to... and from different comments on different sides from different countries it looks like this is world trend. This talk about growth becoming... I even don't know which word to use. The growth have to be natural not superficially induced. And after some growth we need time of stability and maintenance and some growth will happen of its own. There is a senator who said that Au printed 500 billion in the time of pandemic. Where do you put this money and how do you induce them in society? It is mind boggling...

[@Private-pp9om]

@@lillysnet9345 Unlike Australia Under military dictatorships , we can't question anything

[@bonganicandrice8396]

You know your stuff 👊👊👊 .

[@FredHousehold]

Great idea 💡? Egypt 🇪🇬 new city 👏? A lot of companies will be interested. I support this development + project 🎉

[@abhisheknag7177]

if it doesnt make financial sense, Egypt can start with a small business district that caters to demand, then eventually grow, creating organic demand is critical

[@driftershu]

It's no surprise at that. This report comes up now. Because US is pressing egypt to open the border for Palestinians. And this report surely put SiSi under pressure.

[@abhisheknag7177]

@@driftershu haha cud be idk, I think egypt can make this successful if they can manage it with low debt and increased tourism, more relaxed laws etc

[@lanaofficiel4042]

Why do you say that?? Was citizens rights honored under the garbage Muslim Brotherhood's rule????!!!!

[@Jisan-KM]

If any western country is doing the project instead of China then it would have been a miraculous project 😂😂😂😂😂😂.pure western hypocrisy 😂😂😂

[@wellytms4713]

Exactly😂😂

[@prometheus200]

Egypt: US has the pentagon, I call ours THE OCTAGON😂

[@WELSHDESI]

‘’Egypt Army’’ stepped In 😢🫣 oh Great people of Egypt 🇪🇬 you will become like us ☹️😞. ❤️ from Pakistan 🇵🇰

[@NadaNasser-n7s]

🇪🇬 ❤ 🇵🇰

[@sarahhaaniaxoxo]

Here's an idea: *Just develop the current capital.*

[@Gfgjtescgjj]

I am from Egypt, the country of civilization and ancient history. During the rule of President Sisi, 27 new cities were established, along with the development of old cities, digital transformation and clean energy. A huge infrastructure was established, including roads, bridges, and many other projects that are being implemented nowMost of the information you are saying is wrong. We are with Palestine, which was occupied by the Zionist entity in 1948.

[@busoko_Ismail2468]

I went to the Egyptian city of Sharm El Sheikh and the Egyptian islands such as the Egyptian Tiran Island, the Egyptian Sanafir Island, the Egyptian Pharaoh Island, the Egyptian White Island, and the Egyptian Githum Island in the Red Sea, and all the islands in the Red Sea that are completely Egyptian are more than wonderful. Long live my sincere greetings to Egypt and our Egyptian neighbors from Chad👍🏿🇪🇬 🇷🇴❤

[@amaama3656]

🌹🌹🌹🌹

[@lvi25]

Those islands were sold to Saudi Arabia in return of $7 billion.

[@firdausibbfarouk7077]

Thank you very much.

[@lvi25]

@@israelisreall free Palestine 🇵🇸

[@Ooomnia]

@@lvi25nothing is sold those islands are still under the Egyptian government control till this very day

[@dreadfulbodyguard7288]

Ok. 5:07 is quite idiotic. Prosperity of nation means prosperity and wellness of people.

[@Breenzy91]

Master planned city still dependant on cars. *chefs kiss*

[@Indian_Rajput]

Egypt means Mummy & Piramid, their architecture should be inspired from Pyramids it will look cool they should try to realive their culture & civilization they should not follow Middle East, Egypt is a very great civilizational country like India Greece or China,

[@Marcos.El.Masryyy]

This is an extremely unilateral and propagandistic report about Egypt's new capital. In order to convey an authentic impression, you should have interviewed an expert with an opposite opinion. Long lives Egypt if you like it or not.

[@disitufaruqhi6195]

I study at Egypt 2012-13 ,Egypt has potential to be a better country in Labor&Sport

[@LeechyKun]

The irony of those construction workers helping to build a base of power safely away from them when things turn for the worst is too amusing.

[@SHVRWK]

Well they are getting paid according to their input.

[@GabrielalmightyTanzania]

😂😂😂 Smart construction worker. Heey

[@tonyhenrich6766]

The workers currently commute daily between their homes in Cairo and the new capital. They can't afford living in the new capital. Yes it's a capital for the rich.

[@JimCreeper]

Its a bit amusing seeing how Egypt could sport enough rich individuals (by even global standards) to live in this city given that the country has been going through an economical collapse for the last 10 or so years. Makes you wonder how rich individuals actually obtain their money in such a poor country...

[@JoSwann-it9jf]

They built a monorail. But for the street sweepers and servants it's a long bus ride I guess.

[@tonyhenrich6766]

$20k is over 800k pounds. I am pretty sure no government worker, street sweeper, service worker or most blue collar workers can afford it.

[@JoSwann-it9jf]

@SemperFidelis76 The lowest figure you quote is well beyond the what the average street sweeper can afford.

[@sherifmahmoud7703]

that's how it is in cairo as well. low-income workers commute to cairo from nearby towns by the millions every day to work then travel back home. high income workers do the same thing (living in luxurious cairo suburbs instead of the crowded city). I think that is how it works everywhere in the world.

[@Sodainspace]

Egypt has potential to be an industrial and manufacturing hub for the world, due to abundant workforce. Unfortunately most of the money is wasted in extravagant projects like this one designed to serve the government and its cronies

[@golamyeasin2110]

from this type of project, ruler can earn lot by sharing %

[@bretonneux3389]

neh, Egypt is too overpopulated, all its sustainable land is covered in residential or in (necessary) fields. Where will you build the factories ?

[@amrsalem2830]

As an Egyptian who opposed the idea of the new capital from day one, I still don't appreciate the timing of this video.

[@moustafamohamed2329]

Exactly 🤔

[@greentraveler4114]

USA didn't benefit from these projects that's why their propaganda are simultaneously setting a negative tune on reporting anything in Egypt. But As both are ancient civilizations, we Chinese understand the importance of development for all our developing brothers and sisters, we welcome and glad to see any development improvements in Egypt in Africa in Asia in Latin America. We wish Egyptian people prosper and build a better life.

[@prla5400]

...a better life by separating the rulers from the population. Ancient or not, common sense has proven to be the most powerful tool for building the world.

[@esashaik1372]

@@prla5400 Does not matter what the motive is as long as Egypt improves its infrastructure its economy will benefit in the early and long run and Egypt will no longer be a tool for American and Israeli exploitation.

[@sherifmahmoud7703]

You are right. Infrastructure spending is painful but its the only way to develop. It's just a bad time for the world economy to have debts - wars at all borders, etc., right now, but it will pass.

[@Aran-fj5mo]

​@@sherifmahmoud7703Egipt's capitol shoud be modest...Nota this crazy Dubai..

[@sherifmahmoud7703]

@Aran-fj5mo what does modest mean to you? two skyscrapers doesn't make it Dubai.

[@tweisbek2]

The fact that they've spent billions of a cash-strapped country's budget only to build a car-centric new city for the rich is simply infuriating. Are there even plans for a railroad to help the thousands of public sector employees who'll need to commute from Cairo every day? I mean since clearly most of them won't be able to afford housing in the new capital

[@ahmednasser6828]

Railways have already been built linking the governorates of Egypt to each other, but also what will you gain from the railway? Egypt’s problem is congestion. Cities must be built, and if you build cities, your economy will suffer. It's complicated

[@noticing33]

Imagine that money was spent working with russia on building Moscow level metro system accross the country in every city, affordability, mobility of workforce would massively improve life quality and worker efficiency and thus economy

[@failasof44]

@@noticing33 dude...we are doing this too

[@nesrin6165]

I work in the new capital and apartments are being sold in installments, so the middle-class families can afford it not only the rich, yes the new capital coasted alot of money, but a lot of people actually like it and can't wait for it to be finished! this will be the future of Egypt

[@larafflesiaarnoldii8654]

Nobody likes it, most Egyptians are aware of the fact that this new city is the main reason that caused the currency's decline, rise in prices, and power cuts.

[@eagle-el6px]

Like arent the installments gonna be like 30k wla 7aga? 😭😭who has that money

[@rafeekinani9619]

2allak middle class 😂​@@eagle-el6px

[@ahlaw1171]

I am sorry to say that this report is biased and unfair. I do not know the reason, whether it is political bias or just ignorance... because simply Egypt needs this project strongly, and most importantly, it is a strong addition to the economy, as it has provided very many job opportunities, moved building materials factories, and prevented the crazy increase in real estate prices in the old city where people live. It increases and the earth does not expand. Where do all these millions live if there is no new place and how does the government manage citizen services without modern infrastructure and advanced technology.... This video is very misleading.

[@nesrin6165]

@@ahlaw1171 i agree with you.

[@njugunamaina]

For the record, no Muslim country is supporting any idea about giving Egypt money to accept Palestinian refugees. The agreement by the Arab League is that Palestinians belong in Palestine and will not be displaced

[@cosmicexplorer4856]

Hasn't worked out that well for the past 70 years though...

[@emanuel3617]

No matter the county, the military really enjoys some shapes

[@ehabibrahim5209]

And suddenly the wsj has interest in Egypt. we as Egyptians see through you and your propaganda and it would not effect us in the slightest

[@Joe317-e2c]

Building new capital in Egypt it is good for Egyptians economy and it is created to many jobs , reduce the crowds from old Cairo because it will move the government offices and businesses to it about 6 millions people from old Cairo , and they money spent it is good asset will increase with time special Egyptians love affair with property it is always increase and safe bet in Egypt . New capital in Egypt is the most successful project has been done to Egypt and took it to modern world because it is smart city , any one attack this project they don’t know nothing about Egypt and what Egypt needs .

[@yurironoue5888]

All that money could have been used to improve Cairo's infrastructure.

[@michaelh.twadros2839]

Wow, I do not know the reason why you are showing these videos and talks while the Middle East is under pressure due to the Israel- Gaza conflicts. You are portraying Egypt as corrupted and unwilling to accept Palestinian refugees. Egypt will not accept Palestinian refugees because we all know that once they enter Sinai, Israel will not allow them back. It seems like you want to give a bad reputation to Egypt and its leader, Abdel Fatah Sisi. The Middle East without Egypt, is like oil without water . And for those who say that prices at the New Administrative Capital are not affordable., bro, prices in old cities in Cairo are way more expensive. Please do some research before sharing a video.

[@henrybangs7544]

Just for comparison if you want to know. Egypt is finding it difficult to fund its 58B dollar new capital. In 2020, the USA released 1 trillion dollars, not for new capital, but as covid 19 emergency fund. I dont want to talk about defence. The USA has a beast of an economy

[@discoveringthegardenofeden7882]

Even if the cost doubles the project is very affordable for the Egyptian state coffers. They have a growing population, the debt will be paid off rapidly. Dumb analysis. USA must have some dispute with Egypt.

[@sashaug27]

Missing from the conversation is that Egypt rakes in billions of dollars in real estate exports, with foreigners expected to spend about $140 billion dollars on buying up luxury real estate in egypt over the next 3 years (including real estate in the new capital). But the government should not spend on business opportunities like this. They should leave itto private investors. Government should focus its spending on infrastructure only (roads, trains, power, water, etc.); and let private investors pay for building construction & management costs. Government should immediately sell as many economic businesses as they can to the private sector to solve the debt crisis. They will still get taxes on any profits made by these businesses without carrying the responsibility for financing & managing these projects inefficiently.

[@kingsimba9513]

Lol cope, why would the rich spend money on a sh*thole like Egypt when there are comparatively much nicer and safer options in the middle east. I can understand if Egypt had some sort of scheme where foreign residents' aren't taxed on their worldwide income, but that isn't the case. How can Egypt hope to compete with the likes of Dubai, Abu Dhabi, Doha, Riyadh, etc. when these places are seeing their own real estate oversupply issues. The demand for real estate in the middle east just isn't sustainable.

[@abdullahemad9457]

Where did you get the number from im curious to know, 140$b is not a small number

[@blackbeard6423]

It is corruption. The Egyptian government is getting involved to steal from the Egyptian people.

[@yeetus1398]

@@abdullahemad9457 he made it up

[@zombieat]

@@kingsimba9513 real estate is not in oversupply in egypt. not even close to it. egypt has been a net immigration not a net emigration country since 2016 btw.

[@mohamedbinishaaqalhashimi]

Cairo is beautiful You showing us all buildings You don’t showing us the beauty of Cairo Because that’s what you want you want people to see Egypt as a Third World country with old buildings dictator, who took the power, blah blah blah Cairo is very beautiful by the way

[@kawan5851]

Same situation in Pakistan where Army is involved in most businesses. They are the biggest Business empire of Pakistan right now and the biggest landholder. They can do everything apart from doing their original job. Please learn from Pakistan. Your country will have no future when Army will act as the biggest business group and the biggest mafia. They will drag the whole country down and talented people will leave that land.

[@concernedcitizens4110]

Egypt, Pakistan and even Indonesia are all going to the same direction of which the army will be the de facto ruler of the country. Fun fact all of these countries have been under military rule for significant amount of time since their inception. But these armies are incompetent and weak as they’ll lose against a competent army preferably from the West or at least modeled after the West. For instance Egypt and the Muslim world coalition lost against Israel and Indonesia lost against the British commonwealth troops during the Malaysia-Indonesia confrontation period.

[@adityabagchi3334]

Notice how they said US designated terrorist group and not just Terrorist group Hamas. Shameful.

[@rteezy5683]

what a ridiculous plan for a country that cant even feed themselves...

[@kdnofyudbn5918]

Never understood why if their is poverty then why do Egyptians have so many kids! You don't have to have a college degree to know that if you and your two kids are hungry why on earth would you bring more to the world!

[@IRosamelia]

Meanwhile, millions of folk in Cairo don't have basic services like trash removal, electricity or clean running water.

[@ekxjdjhdkdh]

فعلا

[@youssefahmed8861]

Everyone in Cairo has clean running water and Electricity

[@ahlaw1171]

I am sorry to say that this report is biased and unfair. I do not know the reason, whether it is political bias or just ignorance... because simply Egypt needs this project strongly, and most importantly, it is a strong addition to the economy, as it has provided very many job opportunities, moved building materials factories, and prevented the crazy increase in real estate prices in the old city where people live. It increases and the earth does not expand. Where do all these millions live if there is no new place and how does the government manage citizen services without modern infrastructure and advanced technology.... This video is very misleading.

[@IRosamelia]

@@ahlaw1171 ahlaw, you sound like a spokesperson for the egyptian government. What all developing countries need is social investment in education, healthcare and public services. Building a new city is a fancy luxury project. Your argument that it creates jobs isn't sound; lots of human activities create jobs, just some more efficient than others. By your logic, MBS' the Line is a worthy project since it creates jobs in construction.

[@khelodeath]

Interesting timing indeed. But can't argue with the entirety of these facts in the video.

[@سبانخ-ز1ق]

Приветствую со всей любовью и уважением великий египетский народ и желаю успехов, успехов и развития в этой исторической стране.🇪🇬❤️🇷🇺❤️

[@bimconstruction87]

🇪🇬❤️🇷🇺

[@MortemMetallumPlayer1]

Love Russia from Egypt 🇪🇬 ❤🇷🇺🇷🇺🇷🇺🇷🇺

[@Bell_plejdo568p]

@@MortemMetallumPlayer1ur Egyptian right be careful wsj is controlled propaganda and there pro-isarel. Don’t fall for the lies like the Arab spring

[@NadaNasser-n7s]

From Egypt, all support to Russia 🇷🇺 ❤ 🇪🇬

[@mohammedalrashed1132]

Every new project has people speaking about it based on their relation with the project pioneer

[@esashaik1372]

A stronger Egypt means harder for America and Israel to control.

[@NoraDarwish-d6k]

well said

[@محمدحجازي-ل3ك]

The administrative capital is part of the many projects that Egypt has established in the past decade, and the Egyptian economy will improve significantly in the coming years

[@Legionnaire1992]

I went to Cairo last year and was taken aback at the levels of poverty. It is criminal the military government spend tens of billions on vanity projects when Egyptian people live in poverty

[@WorldCitizenW]

I visited Cairo for just 1.5 hours 😅 in September 2021. Soon as I landed, I took a taxi to Giza. I had to Uber to Cairo for my cameras accessories, but wen back to Giza after it's done. The constant traffic honking gave me a headache, I cannot stand it. I traveled all over Egypt for 30 days, including the Sinai beaches, hike up the Moses mountain at midnight. Dahab is actually a nice tourist town.

[@engmsh3544]

And you didn't notice how cairo is crowded and how it's terrible and full of building jammed together?! You didn't notice also that this project will provide jobs for the poor and allow them to sell expensive houses, tourism... Etc

[@WorldCitizenW]

@@engmsh3544 sure I noticed it, it's why I avoided it, the non stop honking is terrible. I prefer Alexandra, it has traffic but not as bad

[@russiantrollonthegoodside]

Wow, you just described Russia, where I'm from😂

[@andrewmccoll1582]

I could have shortened this whole video: they can't afford it because 58bn is a lot of freaking money.

[@craumm]

There is literally 1 expert in this video.

[@again5162]

😅6 months ago I was called a racist for pointing out it's a city for the rich which Egypt can't afford.

[@junaeee8215]

the same as the new capital of Indonesia. we don't have money, the government hopes for foreign investment and if not they will use tax money from the people where we don't need this new capital

[@thezmanchar]

I pray there won’t be an earthquake. Egyptians are not like the ancient Egyptians, they build really bad high rises and they always leave a mess.

[@timanaky9473]

I have been in egypt once. I dont know anything about their economy and stuff like this. But whene i saw Kairo for the firt time i fully understood why their govermant want new city lol. But there is no way that Egypt can afford this.

[@merlindavilla797]

Egypt is not a rich country, why build an extra ordinary city? I came to visit Cairo,,scavengers are everywhere..very poor electricity out side the city ..so sad to see this ancient city that is still under develop for hundreds of years..why?

[@here_we_go_again2571]

Nice video. Thx.

[@robinlox99]

Love to see how governments feather their nests, at the cost of everyone and everything else.

[@cosmicexplorer4856]

It looks like something North Korea would come up with.

[@trenbolonefiend420]

They're learning from the US Except the US actually has money

[@CatotheE]

0:48 They’d love that. Wouldn’t they.

[@AL-lh2ht]

Great vid

[@ahlaw1171]

I am sorry to say that this report is biased and unfair. I do not know the reason, whether it is political bias or just ignorance... because simply Egypt needs this project strongly, and most importantly, it is a strong addition to the economy, as it has provided very many job opportunities, moved building materials factories, and prevented the crazy increase in real estate prices in the old city where people live. It increases and the earth does not expand. Where do all these millions live if there is no new place and how does the government manage citizen services without modern infrastructure and advanced technology.... This video is very misleading.

[@MatuSala-7]

What a selfish move by building a big new city that needs a lot amount of water and at the expense of Nile they are building it and try to block the one and only dam of Ethiopia that will be the source of electricity to Millions of Ethiopians for the first time in thousnds years that Ethiopians start to use its own water resource,Nile...what a shame and selfishness Egypt! Constructing a luxury city and depriving the owners of the water even getting a sufficient drinking water not to be constructed

[@Bounty2223]

Looks like Egypt has to go to Hammer for a Financial Audit special edition.

[@ahlaw1171]

I am sorry to say that this report is biased and unfair. I do not know the reason, whether it is political bias or just ignorance... because simply Egypt needs this project strongly, and most importantly, it is a strong addition to the economy, as it has provided very many job opportunities, moved building materials factories, and prevented the crazy increase in real estate prices in the old city where people live. It increases and the earth does not expand. Where do all these millions live if there is no new place and how does the government manage citizen services without modern infrastructure and advanced technology.... This video is very misleading.

[@bg1379]

How many Americans can afford to live in Washington, D.C? Or UK residents in London? Or Spaniards in Madrid?

[@graveperil2169]

London a huge amount plenty of housing estates in London

[@azulaquaza4916]

Washington DC isn't even in the top 10 most unaffordable American cities

[@concernedcitizens4110]

Indonesia is also building new capital in Forest rich island of Borneo they suffer almost the same problem as it has attracted zero investors.

[@balaji-kartha]

Every autocrat loves grandiose projects that requires the people to sacrifice and suffer!

[@digitalcloud9807]

True

[@here_we_go_again2571]

Cario is in rough shape. Sometimes it is cheaper in the long run to build new, from the ground up infrastructure.

[@alfonstabz9741]

@@here_we_go_again2571 do you think ordinary people can afford those new cities? except for the military and cronies but they are to few.

[@here_we_go_again2571]

@@alfonstabz9741 The old infrastructure (buildings, etc.) now being used by the government will be repurposed. In NYC unused office buildings are being rebuilt into apartments. The same will happen in Cario

[@alfonstabz9741]

@@here_we_go_again2571you seems to don't comprehend the situation. if the government create another city then they expect people to live their not in the old city. new york did not build another city it renovate the city exactly what i'm talking about. the problem with egypts new city is it's cost of living people in cairo can't afford to live to the new city. I wonder who lives to the fancy new city if government transfer to the new city that ordinary egyptians can't afford?

[@AhmedAhmed-kr4nx]

هل استطيع أخذ هذا الفديو للتسويق

[@thewingedringer]

Imagine creating a city in the middle of a desert

[@carultch]

That's what Las Vegas is.

[@carultch]

@Akarsh2008No, Las Vegas is not the US capital. The US capital was established in Washington DC, long before the US even discovered the land of Las Vegas. They put the US's national capital in a place that was centrally-located among the original 13 states. Maryland and Virginia donated land that was specifically set up not to be a state, to host the national capital.

[@netizencapet]

Sisi should just set a realistically high price for creating a Palestinian province in Sainai with sea access, and include financing for his new capital as part of the terms. The right price would make the project a win-win for all. I think $700 billon would cover the real expenses.

[@moekhairy610]

And suddenly the wsj has interest in Egypt😂😂

[@露透社]

因为建设公司是中国公司😂😂😂

[@wumaobot]

Because US bomb is coming

[@jkardez4794]

See the number of views .

[@stenbak88]

This will only end badly

[@harrydunn3687]

Aincent Artifacts under Cairo is a reason why Old Town Cairo is under threat who knows even Cleopatra Alexander might be located below it

[@injaz-]

Freedom for Palestine - Glory to the fighters against the occupation

[@rfwahab]

As an Egyptian I'm very proud with this massive project and personally i had bought an apartment there as well as many of ny family members and we are not this rich. Success Sisi 🎉..

[@princedevitt1158]

Hahahahaha liar

[@Scientistphys]

@@princedevitt1158 You just want to attack without logical reasons

[@muhammedelikhragy]

@@Scientistphys 🪘🥁

[@mistermood4164]

@@Scientistphys nobody likes Sisi

[@Thomas7Shelby]

@@mistermood4164iam egyption and i like sisi you want my personal information to be sure And one more tip i cant buy an appartment their this doesn’t mean i will be sad for new massive projects in my country that would help others

[@metalmonkey0026]

"My name is Ozymandias, King of Kings: Look upon my works, ye mighty and despair!" Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away.

[@user-fj3he9lf3c]

This is simply Pakistan on a tight budget and without Imran Khan.

[@mustg4891]

All her reports end up hamaz iyo Israel conflict, she suppose to be Egypt's newly capital report, poor content

[@twisted_void]

Something about autocrats and love of mega projects, going hand in hand :)

[@aliafifi2075]

There is information that she said in the video, which is that the family income in 2020 is a little more than $2,600, but in reality, if the family income reached $1,000, that would be very high and good, but it never reaches $2,600 for most people, at least in my belief.