King, Crown Prince congratulate South Africa's president on Freedom Day    Council of senior scholars: Hajj permit mandatory under Shariah law    Food poisoning cases rise to 35 in Riyadh restaurant incident    Honduras exempts Saudis from visa requirements    WEF convenes special meeting on global collaboration, growth and energy for development 1,000 government, business and civil society leaders to gather in Riyadh    Saudi House opens in Riyadh to showcase Kingdom's Vision 2030 innovations    Saudi Drug enforcement contributes to thwarting 47 kilograms of cocaine smuggling in Spain    Al Hilal triumphs over Al Fateh in a fierce 3-1 clash at Kingdom Arena    Al Shabab overpowers Al Ittihad with a 3-1 victory in Jeddah    Saudi Olympic team exits U-23 Cup in quarterfinals, loses Paris 2024 Olympics dream    Egyptian delegation arrives in Israel to revive deadlocked ceasefire and hostage talks    Supreme Court appears ready to reject Trump's immunity claims    TGA introduces uniform for bus drivers    Ministry uncovers misuse of mosque utilities during inspection    Saudi Arabia supports UNRWA's efforts for Palestinian refugees, urges donor commitment    'Zarqa Al Yamama': Riyadh premieres first Saudi opera    Riyadh Season announces first overseas event with boxing gala in Los Angeles    Australian police launch manhunt for Home and Away star Orpheus Pledger    Spice Girls reunite at Posh's 50th birthday    Aspiring fencer Josh Brayden aims for Olympic glory    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



What can $300b buy in Egypt? A new capital or a pipedream
Published in The Saudi Gazette on 21 - 03 - 2015

Egyptian Prime Minister Ibrahim Mehleb speaks during the Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh, in the South Sinai governorate, south of Cairo, earlier this month. Gulf Arab allies pledged a further $12 billion of investments and central bank deposits for Egypt at an international summit, a big boost to President Abdel Fattah El-Sisi as he tries to reform the economy after years of political upheaval. — Reuters

Shadi Bushra and Yara Bayoumy


IT is a project as ambitious as Egypt's ancient pyramids. Built from scratch to escape Cairo's choking pollution, a planned new capital will feature an airport larger than London's Heathrow, a building taller than Paris's Eiffel Tower and more than 10,000 km of boulevards, avenues and streets.
The city, meant to be built within just seven years, was unveiled last week at the Sharm El-Sheikh economic summit, where President Abdel Fattah El-Sisi urged foreign investors to help Egypt recover from the turmoil triggered by the 2011 uprising.
But the plan was not universally welcomed, with residents of Cairo questioning the need to replace their 1,000-year-old capital with a shiny new city that, if it ever rises from the nearby desert, will rely heavily on Gulf Arab financing. “If we need to move some buildings and some government employees, that's fine. But buildings don't make a capital, history does,” said Amr Karim, a doorman at one of Cairo's art deco buildings in the Agouza District.
A number of countries conjured up new capitals in the last century, such as Brasilia in Brazil, which was founded in 1960, Canberra in Australia, founded in 1913, and Astana, which became the administrative center of Kazakhstan in 1997.
Egypt's ambitions are on an even larger scale. Its new capital is eventually designed to cover some 700 sq. km (435 sq. miles), roughly the size of Singapore, contain 1.1 million homes and create 1.75 million jobs, according to its promotional website. (www.thecapitalcairo.com)
It will also cost some $300 billion to complete, according to Mohamed Alabbar, the United Arab Emirates real estate tycoon who helped develop the Burj Khalifa skyscraper in Dubai and who is leading the mega Egyptian venture.
To put that in perspective, the CIA handbook says Egypt's total gross domestic product in 2013 was $262 billion.
Past failures
After removing Islamists from power in 2013 and becoming president a year later, Sisi has announced a raft of proposals, including an expansion of the Suez Canal, promising to usher in a new era of prosperity for Egypt's 90-million strong population — some nine million of whom are estimated to live in Cairo.
With Cairo's roads permanently clogged by bumper-to-bumper traffic and its housing crisis so acute that tens of thousands of people live among the tombs of the city's necropolis, the possibility of starting with a clean slate seems appealing. But it is not a new idea, and the precedents are worrying.
Ill-conceived ‘new cities' have sprung up on the outskirts of Cairo before, only for many to end up largely empty or just housing the super-rich, with a lack of infrastructure and transport deterring ordinary people from relocating.
“This will only be for the wealthy,” said electrician Mohamed Hassan, 27, sitting at a cafe in a run-down Cairo neighborhood. “For us, we will just continue eating fava bean and falafel sandwiches,” he added referring to the staple diet for most of Egypt's myriad poor.
Some Cairenes say the cash would be better spent on improving basic infrastructure in a country where more than one in four people live in poverty, according to UN data. “I haven't heard about the new capital. How can we afford a brand new city when we can't afford new roads or schools?” said Mosaab Mansour, a student at a gym in a trendy Cairo district. “Who's going to pay for it? The Gulf? If they pay for it, then it's their capital. We'll just be renting it.”
Rallying the people
The glossy images on the project website bear a much closer resemblance to wealthy Dubai than they do to chaotic Cairo, with lots of green spaces promised and a theme park planned that will be more than six times the size of Disneyland in California.
Egyptian officials say the city will be built to the east of Cairo, away from the Nile River and on the road leading to the Suez Canal. An initial phase, costed at some $45 billion, is set to cover 135 sq. km. The authorities have promised to start work within weeks and Sisi, aware that street protests have helped bring down two presidents in just four years, is anxious for swift results in a country renown for its sluggish bureaucracy.
“Not 10 years, or even seven years,” the president told Alabbar last week in comments captured on video.
Urban planners say for now the project is fuzzy about what kind of infrastructure will tie the new capital to Cairo — a major flaw that has doomed other ‘new cities' — and question how many people will actually relocate.
Yahia Shawkat, an urban policy researcher with an independent thinktank, said Egypt had already spent $8 billion on 21 new city projects in the last 30 years with mixed results. “There has not been any meaningful population movement ... and the average occupancy rate is about 20 percent,” he said.
But investment banker Ahmed El-Houssieny, CEO of Planet Investments, disagreed with the many naysayers, arguing that it was “a great cause to rally people around”, especially because it was meant to create a large number of jobs in a country where unemployment stands at about 13 percent.
Responding to criticism that moving the capital will take away from the historical significance of Cairo, with its ancient Islamic architecture, mosques, Citadel and bazaars, he said:
“You have lots of great cities that have been able to drive traffic away from the centre and still maintain the capital's glory,” he told Reuters, stressing that the new city would be an administrative centre that would not detract from Cairo.
Clothing store owner Rami Al-Rafie was also optimistic. “This is a great idea, it's been a great idea since it was proposed years and years ago,” he said, referring to past plans to shift major ministries away from downtown Cairo. “The Gulf, the Europeans, the Chinese all know that Egypt is a good place to invest... I hope they use some of that investment to make this new capital as beautiful as Dubai, God willing.” — Reuters


Clic here to read the story from its source.