Sisi-City: The New Capital that could Bankrupt Egypt
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- Опубліковано 22 тра 2024
- Under construction since 2016, "Sisi-city" as it's often dubbed is the ambitious plan of the man who has ruled the country since 2013, Abdel Fattah el-Sisi. The man wants to leave his mark on the country. To do so, he is multiplying pharaonic constructions. Widening the Suez Canal, building infrastructure or, more recently, constructing the world's largest artificial river ... There are plenty of major projects.
But the construction of this new city 45 km from Cairo remains the most titanic project currently underway in Egypt, and indeed on the entire African continent. A veritable playground, seven times larger than Paris itself. All this for a colossal budget, estimated at between 52 and 60 billion dollars. A place built for records and excess, which could well lead Egypt to ruin... And that's what we're going to see today, in this new episode of Looking 4.
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Text: Guillaume Fournier
Additional images: Radio-CanadaInfo, NatGeoFrance, France2 et TeN TV, WSJ, France 24, Migir, BFMTV, AFP, Les Echos, CGTN français, CSEC Egypt, THE BROKER EG Real Estate, CGTN Documentary, Merci à eux.
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00:00 Peace summit in Egypt's new administrative capital
00:30 The capital that will ruin Egypt?
00:52 Al-Sissi and his pharaonic plans for Egypt
01:20 Objectives of the new administrative capital
02:16 Construction progress
03:09 The Iconic Tower and the new CBD
04:39 Egypt's International Olympic City
05:19 The Octagon: Egypt's new mega defense complex
05:43 A guarded and protected capital
07:00 Ministries open their doors to employees
07:32 Housing unaffordable for most Egyptians
08:56 International investors missing in action
09:50 China withdraws from new capital project
10:19 Megaproject increases Egypt's debt burden
10:40 The army's role in building the new administrative capital
12:08 Al-Sissi and presidential elections
#construction #egypt
2023 Looking 4 (En) | All rights reserved.
Our Egyptian brothers are drinking the water of the Nile together. I wish growth and prosperity for both peoples, your brother from Ethiopia.🇪🇹
God save us all together
Returned to Sharm El Sheik this Xmas , the improvents you have made are amazing , well done , be back soon.
David from Uk 😊
What did I say a say about Egypt? See below for details
[Isa 19:18-25 KJV] 18 In that day shall five cities in the land of Egypt speak the language of Canaan, and swear to the LORD of hosts; one shall be called, The city of destruction. 19 In that day shall there be an altar to the LORD in the midst of the land of Egypt, and a pillar at the border thereof to the LORD. 20 And it shall be for a sign and for a witness unto the LORD of hosts in the land of Egypt: for they shall cry unto the LORD because of the oppressors, and he shall send them a saviour, and a great one, and he shall deliver them. 21 And the LORD shall be known to Egypt, and the Egyptians shall know the LORD in that day, and shall do sacrifice and oblation; yea, they shall vow a vow unto the LORD, and perform [it]. 22 And the LORD shall smite Egypt: he shall smite and heal [it]: and they shall return [even] to the LORD, and he shall be intreated of them, and shall heal them. 23 In that day shall there be a highway out of Egypt to Assyria, and the Assyrian shall come into Egypt, and the Egyptian into Assyria, and the Egyptians shall serve with the Assyrians. 24 In that day shall Israel be the third with Egypt and with Assyria, [even] a blessing in the midst of the land: 25 Whom the LORD of hosts shall bless, saying, Blessed [be] Egypt my people, and Assyria the work of my hands, and Israel mine inheritance.
Visited new capital last week and looks amazing. I pray this will be a successful project. Not good for people of Egypt if it fails. Love from a Pakistani from Cairo.
Ohh wonderfull info bro ,i am european pakistani can you send me your contact bro .
Thanks brother, our greetings to Pakistan people from Alexandria.
.... and it is definitively NOT good if it continues. It was built on the expenses of so many priorities. The purpose is to enrich those in power and their affiliates.
It will will be
Unfortunately, the projects have no economic feasibility
The country was implicated in loans and debts
The economy and currency values have been destroyed
The people are suffering now
Indeed, we hated our lives as Egyptians
This is the truth from the people, away from the false media and deceptive views
From an Eritrean -Ethiopian, I wish you the best of success Egypt, and to my coptic brothers and sisters❤
wishes won't pay their bills.
Greetings to Egypt 🇪🇬 from Morocco 🇲🇦 ...
Go Egypt forward ⏩
THE FUTURE OF EGYPT:
[Isa 19:18-25 KJV] 18 In that day shall five cities in the land of Egypt speak the language of Canaan, and swear to the LORD of hosts; one shall be called, The city of destruction. 19 In that day shall there be an altar to the LORD in the midst of the land of Egypt, and a pillar at the border thereof to the LORD. 20 And it shall be for a sign and for a witness unto the LORD of hosts in the land of Egypt: for they shall cry unto the LORD because of the oppressors, and he shall send them a saviour, and a great one, and he shall deliver them. 21 And the LORD shall be known to Egypt, and the Egyptians shall know the LORD in that day, and shall do sacrifice and oblation; yea, they shall vow a vow unto the LORD, and perform [it]. 22 And the LORD shall smite Egypt: he shall smite and heal [it]: and they shall return [even] to the LORD, and he shall be intreated of them, and shall heal them. 23 In that day shall there be a highway out of Egypt to Assyria, and the Assyrian shall come into Egypt, and the Egyptian into Assyria, and the Egyptians shall serve with the Assyrians. 24 In that day shall Israel be the third with Egypt and with Assyria, [even] a blessing in the midst of the land: 25 Whom the LORD of hosts shall bless, saying, Blessed [be] Egypt my people, and Assyria the work of my hands, and Israel mine inheritance.
Renovations in the Egyptian Life... and refreshing images for the Egyptian people
مصر تستحق كل الخير ...شعبها من اطيب واكرم شعوب الأرض
حفظ الله مصر وشعبها 🤲🏻💐🇸🇦
من مصر 🇪🇬🇪🇬❤🇸🇦
حبيبي الله يكرمك
و إياكم و المسلمين و المسلمات أجمعين
البلد راحت في داهيه اي خير تتكلم عنه
@@guestbygilda2443
مئمئلي شكرا، الحمدلله على النعمه، روح عيش في السودان او ليبيا علشان تحس بنعمة ربنا عليك، ولا تلقاك من اخوانجية بريطانيا، الاخوان السدوميين.
Greetings from the UK! This looks awesome and very impressive. I hope this works out.
The budget is not too bad....50- 60 Billion dollars? Here in Britain, that is half the cost of a sub-standard high speed rail which doesn't really go anywhere (check out how absurd HS2 is). Also impressive is the scale of the project and how quick it has taken to build. Here in Britain, it has taken over 5 years to build ONE hotel in an arch facing Buckingham Palace. Words cannot do justice to the colossal failure UK construction is but words cannot do justice to the amazing feat that Cairo is performing now.
This is true, although the 60 billion figure is a bit more complicated than that. Part of the reason Egypt can build this so cheaply is because labour is so cheap, but labour is so cheap because the country is poor. Egypt will have more trouble affording this because Egypt's GDP is about a tenth of the UK's. (I'm using nominal GDP instead of PPP because the debts are denominated in foreign currency. This is different from the UK in that the UK is financing HS2 with debt in its own currency. Because of that if worst comes to worst it can just devalue the debt by printing money).
Also, this comes at a time when Egypt is struggling with a currency crisis. Basically Egypt is the largest importer of wheat in the world. They need foreign currency in order to pay for all that wheat so their people don't starve. All this extra debt is an extra drain on their foreign currency reserves, which is not good. Add to that the fact that wheat prices are at historic highs due to disruptions to Ukrainian and Russian wheat exports and that Egypt's foreign-currency debts before this were already quite high before this, and you see why people are worried about Egypt's situation.
And, on top of that, because of a Dam in Ethiopia that's being filled, there's a chance Egypt might lose its water, not be able to grow any food and have to import even more, but that's a whole other issue.
Edit: Greetings from Canada
They’ve got the Chinese constructing it. Don’t hold your breath.
@@czarofallthecanadas8145
Aside from many false info, let me correct one!
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
So, don't worry on Egypt, worry on your canada and their puppet regime, the people who built the greatest civ with magnificent builds, for sure they know how to rule their country, no one can steal our land or our water, we've an army for that, an army you don't have! so yeah worry on yourself!
@@jonnydoeson5562
yes we have about 2k Chinese workers due to China investments in the project, but that beside tens of thousands of Egyptian workers and engineers!
@@TheNtrLight look at the standard to which they build their own infrastructure and then ask yourself why they would treat your country any differently…
Go Egypt 🇪🇬!
I am from Ethiopia 🇪🇹 we drink from one river(Abay) Nile and we prosper together 💪🏾
thank you brother .. hope we can reach an agreement about the water soon
Inshallah we will. We must stand together and never against one another.
The problem is in the governments. They are incompetent and always need an external enemy to keep the people domesticated!
Thanks bro for your nice words We as Egyptians love Ethiopian people and we believe you have the right to have electricity. We hope to reach an agreement soon.
Yes dear ❤️ send love from Egypt. We prosper together ❤️
May Allah bless the great proud nation of Egypt, its people, military, and its leadership. 🇪🇬 ❤
3arص
much, dont you think?
@@hamada5461
5aleha taklak awy :)
Wow 👌 Bravo 👏 🎉❤ Egypt 🇪🇬 ❤it's beautiful 😍 🤩 ❤❤
Greetings to the Egyptians from Poland, I hope that this project will give a new impulse to the development of Egypt💪
Thanks ❤
Thank you and welcome for all our Poles friends 🌹
Thanks 🙏
Polska do 2030 roku wyda na obronę przeciwlotniczą i przeciwrakietową też około 60 miliardów dolarów.Po tym filmie zrozumiałem jakie inwestycje nas omijają przez wojowniczych sąsiadów.😒
@@kingdoms-battles
هههههههههههه انت مفكر البق الرديئ ده هيساهم في انهيار الدوله؟ طيب اسمع ردي عليه يا حيله واللي بيظهر جهلكم الشديد باللي بتهروا فيه
There's nothing called "Sisi-city" it's known in Egypt by Administrative Capital or the New Capital, but I see you tried hard to draw a bad image on this thriving and very important project to our country just before the elections! yeah? coincidence for sure! right?!
You also spilled many false info, the whole script acting like those false media of the muslim brotherhood party! you can't even know the difference between the iconic tower and oblisco capitale! LOL
AND It's FASCINATING how you "forgot" to mention the most important thing that has been declared MANY TIMES by the prime minister and the president himself which is "not a single Egyptian pound from the state budget is spent on this major project. It is all came from selling lands for investors" but of course if you mentioned that then the rest of your script will be unreasonable!
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
Abd-alFatah alSisi is really changing the face of Egypt to way way better, by eliminating slums dwellings and those chaotic districts and offered a suitable homes for poor people, tons of infrastructure projects that is needed for the heavy industries domiciliation, reducing unemployment through these projects, and eliminating diseases spread in society through for years through free health initiatives and the comprehensive health insurance project that we started, in addition to establishing many technological universities, developing the education structure, huge agriculture projects, building about 14 new generation four cities, many green energy projects, high-speed train lines and developing transportation, eliminating terrorism and strengthen the army so we can live in peace, and also allowing so much freedom of speech unlike president Mubarak era, and much more.
So yeah he is the greatest leader we had since Muhammad Ali, but of course there's people who against him bcoz of the inflation, they don't understand the basics of the global economy, but for me the only critique is that he allowed more than 9 millions of immigrants to enter Egypt which affected many aspects of our life like society and economy.
Anyway, that's why we choose him for the third presidential term, deal with it.
spending 60 billion dollars to build an ugly city is crazy.
Dubai exactly started like that. Go Egypt ❤
The city is not finished yet. It is only the first stage of construction and there are several stages. You will see this city in the future and you will regret what you said. My brother works in it and he is amazed by its size. It will be Egypt’s destination for investment.🤫🤫🤫
Better than spending $3 trillion dollars to replace Taliban with Taliban.
In 1997, everyone had the same opinion about Astana being the capital of Kazakhstan. However, now it is considered a better city to live in compared to Almaty (old capital).
We will see if it works alos or it will end as Brasilia in Brazil.
Kazakhstan didn’t bankrupt itself with debts to build it … she has oil … while Egypt is building non profitable structures with debts at hight profit !!! 25% to be exact , so in 4 years it would cost 200% in 8 500% !!!! It’s a snow ball effect than bankruptcy 🤡🤡🤡🤡
thank you
Thank you for speaking the truth.... Any other Egyptian who opposes what you say, do not care about his opinion, these people often follow extremist Islamic groups, and Sisi has cut off the opportunity for them “so that they do not place car bombs in front of the ministries.”
@@krzysztofkrowicki1312 I'm egyptian living in brasil " na cidade de goiânia a 250 km da capital Brasilia " its amazing city muita maravilhosa meu deus ❤❤❤
This is a project all Egyptians should celebrate. They will benefit one way or another. It is a God blessed country. All will be well. Much love from Uganda
Thank you. It’s a difficult year for us but still united and blessed ❤️ much love for Uganda and all Africa
Thanks darling.
The cheapest unit is at least 10 thousand dollars the average income of half of Egypt doesn’t exceeds 300 dollars plus all the units in that city are 7 million units which won’t house more than 5% of Egyptians the wealthiest of Egypt
celebrate what?
@@moderatetuber3845
hi abd-alnasser worshipper, the new capital is not built to empty Cairo! there's about 14 new cities that are currently being built around delta outside the boundaries of overcrowded cities in order to disrupt population congestion, about 9 of them finished already, and it offers 3 levels of housing from hi-class to economic class with reasonable prices.
also you're the one who think that the whole world can afford buying an apartment? guess what! the majority of world are living in rented apartments, and you also say that 310.000EGP is a lot of money for Egyptians? LOL
Can you tell me the prices of the apartment inside Cairo? I dare you!
@@moderatetuber3845
This happens every where on the map, then there is the big Obour city right next on the new capital have low budget residential areas
This city is necessary and bigger than a vision of 1 man / president. Old Cairo is super congested
True but I hope everyone gets equitable access to the new city and not just the rich and politically powerful
@portcybertryx222 everyone can go there, don't watch to much western media its so sad how they brainwash you
@@portcybertryx222 I think people think of this the wrong way, Because even if many "upper class" citizens relocate from the heavily congested Cairo to the new capital, While the less wealthy citizens stayed there, This would actually make a lot of space and room for people still in Cairo themselves to grow and expand their businesses.
Such difference would require massive numbers of people to relocate. But if the city were to reach it's target capacity of 6M people, Which I believe would take at least 1.5 - 2.5 decades, Then you'd have a far less polluted Cairo, With far more efficient infrastructure and transport due to less congestion, With more housing units offered for rent & sale making it more affordable, Many more jobs opportunities for people who otherwise wouldn't have gotten them with higher salaries due to thinning work force on the (local) job market, Small businesses and micro enterprises that decide to relocate will allow the ones that stay a bigger portion of the market share. I could go on and on.
All meanwhile, Wealthier people could use their capital to participate in shaping the emerging economy of the new city.
Now, People need to stop treating this as if it's a government initiative aiming to improve the living standards of less privileged Egyptians, Countless such projects were already made over the last 10 years and are being made. And of course there's hope that such improvement will ultimately be a result of overall economic growth. But it has been made clear that the NAC is a capitalist for-profit investment project, With the parties funding it expecting financial gain for their investments. It's not intending to exclude "the poor" because this is irrelevant.
A wealthy person won't be forced to buy an apartment and leave Cairo, And a less fortunate person won't be forced to stay in Cairo as we leave it to crumple into a massive chaotic ghetto. NAC isn't going to draw attention away from Egypt's largest city and the center of it's economy. And why was the plan for a new capital proposed decades ago, Before anyone could even fathom the possibility of a popular revolution, If the only goal is to protect the government? Like really, Some of those conspiracy theories are ridiculous.
@@ajohal5471
The whole video is based on false info like ikhwan media.
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
@@portcybertryx222
There's many level of residential compounds in the new capital, and some of my relatives "mid-class" has bought apartments there already, some sold it with a higher price and others still has it, moreover there's about 14 new cities that are currently being built outside the boundaries of overcrowded cities in order to disrupt population congestion, about 9 of them finished already, and it offers 3 levels of housing from hi-class to economic class with reasonable prices.
God bless Egypt ❤
Long live Egypt 🇪🇬
God is Allah ❤
Look, with every positive there'll always be difficulties, every successful city built around the world has difficulties.
😂😂😂
This is a crime.
It has no positive, just a waste of money and resources. He could have improved and modernised several regions in Egypt, but he chose to spend money he doesn't own on a new city that no one can afford to live in.
All Egyptians likes South Africans they are good people❤
from Suiz City .But let's be honest, the economy is now exhausted because of that city. love south africa
I know City might be the best, but it's worrying now
The worst project is the project not built. Only time will tell if it is a total success. Hope it succeeds.
The whole video is based on false info like ikhwan media.
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
@@TheNtrLight 👍
طب اكتب الإخوان صح طيب هههههه @@TheNtrLight
I've been involved in the real estate business since 2008
And i can confidently say that the new administrative capital of Egypt is a total failure.
@@noreen6285
مش كان الاول تعملي السيرش بتاعك علشان شكلك ميبقاش وحش؟ مشكلتكم انكم مندفعين بالاحقاد والضغاين وبالتالي عز عليكم التفكير، اللي بيكلمك كان من اكبر انصار الاخوان والله يشهد، مافيش عندكم غير الكذب والتدليس والاساءه والسخريه وده طبيعي من فئه باعت دينها واتبعت دين ال سدوم بريطانيا واميركا
Bravo egypt from morocco
Let's pray Morocco will NEVER make these kinds of mistakes!!!
@@ABC-ABC1234 باءءءء
@@user-no5bl7fv3l ???? هذه هي الحقيقة! هذه المشاريع العملاقة لا تهدف إلى تعزيز الاقتصاد بل إلى الهيبة! ويمكن للمغرب أن ينفق هذه الأموال على الإسكان الاجتماعي والبنية التحتية والاستثمار في وسائل الراحة بأسعار معقولة
Impressive coverage of Egypt's ambitious project! The scale and vision are truly remarkable. Kudos to the author for the detailed insight. Looking forward to more such informative content.
I'm proud of Egypt, 2016 and all of this already achieved? Greetings from SOuth Africa
We have energy cut offs like you guys ... So proud of him indeed
@@hippocratesm.d.1543
Give me a country with no problems!
@@hippocratesm.d.1543 do you want to achieve so much without suffering a little bit? seems unfair to blame your president don't you think
bringing starvation to build some tall towers, well seems like a great project indeed@@guccimello4648
@@TheNtrLight
Really u guys should go for democracy their cici come power overthrow democracy where is your morality after Iraq siriya libiya Palestine why note in Egypt saudiya?
It will be interesting to see what this becomes in 20 years.
It will become a ghost city like China I live in china for 20 years China built a lot of new cities but many became ghost cities because the Chinese people never came It was a waste of money instead investing all that money on the citizens on China or Egypt
عشرين سنه رقم كبير اوي 😢
Wonderfull project amd opened hundreds of thousands of new jobs
It certainly will be gorgeous when it is done. I hope all goes well for this construction.
I like the idea. Wish all the best for Egypt
Greetings from Brazil
Ironically, Brasilia was born out of the same concept.
@@jeffrobodine8579 You are right. But I believe "New Cairo" is got much better reasons for its creation.
Unfortunately, the projects have no economic feasibility
The country was implicated in loans and debts
The economy and currency values have been destroyed
The people are suffering now
Indeed, we hated our lives as Egyptians
This is the truth from the people, away from the false media and deceptive views
@@guestbygilda2443 I will take your opinion in consideration
@@guestbygilda2443 Speak for yourself, do not speak for the people. I am Egyptian and I adore Sisi. Long live Egypt and long live Mr. President Abdel Fattah Sisi.❤
All the way from Ethiopia. All the negativity about Egypt will end soon when this project is successfully completed. Sisi is elected by huge number Egyptians but the global media find it to accept Egyptians choice. Leave Africans alone! This project will be completed! End of story!
😂😂😂
Yeah Al Sisi is an elected leader and Mia Khalifa is a virgin
The problem with Egypt is that its full of Egyptians
He is bloody dictator
Thanks about ur feelings brother ❤
I would like to tell my brothers Egyptians, rest assure, you are on the right track since westerns question your success.
This from your bro. From Saudi Arabia, which have been seeing the westerns (EU&USA) suspecting & wishing Saudi vision to fail.
Египту успехов и процветания!
От души ❤
Go Egypt Go . A lovely country with lovely people ❤️ 💕 ♥️ ❤
Well, no body actually wants that new capital, it is the worst financial investments in the 21st century.
Unfortunately it's the main reason for the poverty & the egyption pound devaluation by 500 % till now😢😢
Yeah by starvation fool
Egypt has no good people please
Yes l agree...l have found Egyptians - everyone that l came into contact with in business over the years - to be very decent and kind. I can only wish Eqypt success in everything that it does.
Hope the projects successful 🙏
In india we are also bulding a fin-tech city called GIFT city and a greenfield city called Dholera hope we also be successful
Love to Egypt from India 🇮🇳 🇪🇬
dholera will fail
GIFT will probably succeed
Mumbai,delhi,banglore,gurugram,pune,noidahyderabad...these will just get bigger n better
keep in mind cities like GIFT city n Dholera would never be in place if there werent so many important heads frm gujarat in the central
@@kaniingonkai1967 it's just matter if time you can't belive people's reveiw about GIFT City in 2017-18 same will be with dholera
Don't overthink hope 🙂 for best
@@MrDg05 Gift city will never be able to catch up to the likes of delhi Mumbai hyderabad pune.....for one reason-
PEOPLE
need u be reminded that apart from a very few offices they are literally GHOST cities
Investors would always prefer to put money in cities that wont fail them
I know you've been painted with the idea of Gift city n Dholera becoming shenzen-dubai type cyber punk cities but that probably would never happen
@@kaniingonkai1967 😗 saving this comment
Okay 👍 whatever you feel
The future will be the best teller
When there's a will there's way
BTW how did you brought pune here
If you and me remain alive will talk again in future
@@MrDg05 pune is one of the biggest IT hubs getting bigger every year with the biggest real estate boom
its right behind bengluru n hyderabad
Also ranked the #2 city to live in India right after HYDerabad
This 'GIFT' city isnt bringing any exquisite investment anyway its all things that were going to go to cities like Mumbai Delhi banglore....
Belive me in sm years dholera will still be barren land and you'll be talking about giving it just a few more years🤣🤣
All the very best to the great nation of Egypt. Total success for President Al sisi.
Much love from Greece. Hope our ally Egypt flourishes in the future!!!
long life Egypt😛💓
Myanmar did the same thing. Built a city to protect the military. No Egyptian will be able to afford to live in that place😂😂😂will become a ghost city
@@RUTHLESSambition5 There are Egyptians there lol 😅
@@h.h.elnagar508 yes the rich ones, 1/3 of the country lives in absolute poverty. What world are u people living in?? Egypt doesn't have a powerhouse economy. It's going to be a ghost city
@@RUTHLESSambition5
You compare Myanmar to Egypt? come on dude!
There's many level of residential compounds in the new capital, and some of my relatives "mid-class" has bought apartments there already, some sold it with a higher price and others still has it, moreover there's about 14 new cities that are currently being built outside the boundaries of overcrowded cities in order to disrupt population congestion, about 9 of them finished already, and it offers 3 levels of housing from hi-class to economic class with reasonable prices.
Yeah very very rich egyptians 💀@@h.h.elnagar508
I hope this is a great success for the people of Egypt. Looks amazing.
Salam from Putrajaya Malaysia. Good to hear positive developments of the new capital city of Egypt. You do excellent job! Keep it up!
I think you can ignore these negative comments and critics from this UA-cam. Similar negative comments happened before when Malaysia built a new capital city, Putrajaya and industrial city Cyberjaya. Alhamdulillah our country has done the right decision construction of Putrajaya and Cyberjaya in 1990 & 2010s that offered good living standards and job opportunities to the citizens. These developments and designs become a model, set a new standard and quality for other developments of housing and city across the nation.
Good job!
Long live Egypt 🇪🇬 🇪🇬 🇪🇬 ❤
Without sisi
@@moderatetuber3845indeed
@@moderatetuber3845as someone who's a novice...why do you not like CICI when he's done more then let's say South Africa's current president.
@@ayakhasokabo8816
those muslim brotherhood party supporters will hate Sisi forever after he kicked them from the rule due to the amount of miserable they brought to Egypt, whatever prosper he do to Egypt they will never accept him, those are followers of UK/US regimes they only care for rule.
@@TheNtrLightIt is not necessary that he be from the Muslim Brotherhood party...there are those who do not like Sisi and are not from the Brotherhood
I cant believe this project started just in 2016 and reached this level already, this is amazing ,this should be commended, go Sisi
كل الكومنتات الى هنا دى عبارة عن لجان😂😂وكومنتات مكتوبة بشكل يضحك فشخ
❤From my house to the new administrative capital, half an hour by car, and my father was one of the workers in this city. Long live Egypt and long live President Abdel Fattah al-Sisi. I am Egyptian and proud.
This is actually beyond impressive. They did all this in 7 years???
@@kingdoms-battles
هههههههههههه انت مفكر البق الرديئ ده هيساهم في انهيار الدوله؟ طيب اسمع ردي عليه يا حيله واللي بيظهر جهلكم الشديد باللي بتهروا فيه
There's nothing called "Sisi-city" it's known in Egypt by Administrative Capital or the New Capital, but I see you tried hard to draw a bad image on this thriving and very important project to our country just before the elections! yeah? coincidence for sure! right?!
You also spilled many false info, the whole script acting like those false media of the muslim brotherhood party! you can't even know the difference between the iconic tower and oblisco capitale! LOL
AND It's FASCINATING how you "forgot" to mention the most important thing that has been declared MANY TIMES by the prime minister and the president himself which is "not a single Egyptian pound from the state budget is spent on this major project. It is all came from selling lands for investors" but of course if you mentioned that then the rest of your script will be unreasonable!
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
Abd-alFatah alSisi is really changing the face of Egypt to way way better, by eliminating slums dwellings and those chaotic districts and offered a suitable homes for poor people, tons of infrastructure projects that is needed for the heavy industries domiciliation, reducing unemployment through these projects, and eliminating diseases spread in society through for years through free health initiatives and the comprehensive health insurance project that we started, in addition to establishing many technological universities, developing the education structure, huge agriculture projects, building about 14 new generation four cities, many green energy projects, high-speed train lines and developing transportation, eliminating terrorism and strengthen the army so we can live in peace, and also allowing so much freedom of speech unlike president Mubarak era, and much more.
So yeah he is the greatest leader we had since Muhammad Ali, but of course there's people who against him bcoz of the inflation, they don't understand the basics of the global economy, but for me the only critique is that he allowed more than 9 millions of immigrants to enter Egypt which affected many aspects of our life like society and economy.
Anyway, that's why we choose him for the third presidential term, deal with it.
throwing money away aint art
@@gonfreaks937
Cry more :)
I'm not really nagging. I would be even impressed if all that actually costs just 60 billion, but i'm just being logical. The country is having huge problems and most of thos projects will just worsening the situation istead of improving them. @@TheNtrLight
Egyptians are great builders you can look at the pyramid to know how good they are
Many countries have replaced their capitals with new or modern ones, and the issue depends on the economy or distance from population congestion and not politics or the creation of a secure city for the president, who has been ruling for years in the old capital - and that city or capital will be for a few years for the current president, but it will also be the seat of government for whomever. After him, there will be presidents of the Egyptian Republic
No one can offered to buy a unit in that dusty new capital except the rich ones
@@moderatetuber3845There are dompounds for the rich all over the world, not just in Egypt. At least, in that new capital, the cream of the crop of our civil service will help bring our bureaucracy into the 21st century for real, a big blow to corruption and incompetence.
@@a.nefertiti6980
No these type of cities only exists in corrupt dictatorships like yours
@@a.nefertiti6980
he's a hater, I saw his clips, the fail abd-alnaser supporter, just a jealous old guy.
@@moderatetuber3845
cry more! 😂
Egypt 🇪🇬 is land of civilizations❤
It's just one civilization.
Cairo is horrific so I'm all for it, residential areas should be free for civil servants and their family though, with schools for the children, etc
The problem is the new city is for the rich only...the ordinary residents can't even afford to buy these houses and they probably not even allowed to enter these complexes, that's why it's built far away from Cairo...lol.
that is not true maybe at the beginning it is for the rich its true but I am someone following the new housing prices and a lot of them follow the same prices in current cities and railways between cairo are made to ease travel as well@@stevepierre3120
R u even egyptian? I am egyptian and this city is taking all of our money... We used to have all kind of foods for almost free and the poorest man in country could eat 2 3 meals a day... Now food is even expensive for middle class people
yes, we are Egyptian and you are blind if you think living well is waking up eating sleeping and doing no progress.
Eventually, you will get to the same problem but this time without having enough income money to avoid it and only becoming weaker with no solution.
This project and many others that are being built are to prevent future catastrophes. @@MegaAhmad1994
ومتعوضش تخون انت اصلا مصري والكلام ده انت اصلا الاعمي@@MegaAhmad1994
Amazing 🤩 ❤ mega project.
Excellent video. Amazing work by Egyptians to build such a beautiful city.
The whole video is based on false info like ikhwan media.
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
@@TheNtrLight are you lying to yourself or you think people are dumb?? This is a state sponsored project and not investment from private sector meaning that the financial burden of project is on the government shoulders, Egypt is already in debt crisis and the incomplete project doesn't show an economic outflow that pay back the debt
@@mohamedabdukadir3271
1. you're not an Egyptian!
2. obviously you can't read English!
3. Egypt doesn't have a debt crisis.
@@mohamedabdukadir3271
and I forgot to mention that your country can't make any project that Egypt do nowadays! is that's why you're jealous?! LOL
@@mohamedabdukadir3271You know what man , go first and start learning English , you have no idea about what is going on in Egypt , this projects are massive when it comes to everything. I was would not waste my time to educate you personally. Egypt on the right track and days will show you…
Why does this looks so dystopian 😢
Yes but until successful no
Because you're brainwashed
@Merooyy "Better tourist areas"?! Egypt needs to pump billions in new projects that help Egypt!
Such as creating an additional canal from Congo River to South Egypt for extra water (don't mix the water with the Nile)
@Merooyytourism issue can be better if Egyptians behaved better to tourists
Wish the best luck to Egypt 🇪🇬 ❤️ 🇸🇦
i always have seen egypt as the biggest Power in Africa even i see huge potential with nigeria i see egypt less corrupt and thats the key of growth.
Fantastic ambition. Good luck to all Egyptians for a prosperous future.
It’s a very beautiful city. This makes total sense so to accommodate Egypts growing population. Great things are never cheap. Egypt isn’t Africa……anymore than Africa is Egypt.
Super impressive. It’s a risk but I think it will pay off. Greetings from South Australia
love to Egypt from Uzbekistan
Sisi built more than 20 new cities not just this
"Sisi-City: The New Capital that could Bankrupt Egypt."
$60 billion of credit is not much for a country with 100 million inhabitants. It works out at only $600 per Capita. Egypt hosts the Suez Canal, which is therefore in an ideal location to join international trading between Europe, Asia and Africa too. Why use that certainty language of doom and gloom about the credit?
Also it's a tourist attraction country, it can easily pay that .
First it’s 180 billions ,,, second he’s building administratif buildings and not ports or factories …. He closed most of Egypt factories and bankrupted the agriculture …. But well I am sure you know that ,,, but you are just a bote … 🤡🤡🤡
Because Egypt is corrupt government and it doesn’t produce much as a country, lacking in resources
Exciting project..a. NEW Egyptian Capital .. very well organized and future living standard
Egypt is now trying to compete against UAE and now Saudi Arabia as the new modern tourist destination.
😂😂😂😂😂 joke !!
sorry dude, Saudi Arabia will never be a tourism destination, and uae is not about tourism, it's much darker!
We’re already a big tourist destination
A very sad picture. Sisi's irrepressible pharaonic ambitions will simply bankrupt this impoverished country
From someone who loves Egypt and the Egyptian people, may good fortune follow you wherever you go.
We are already bankrupt here
Very insightful video
This is not just about finance, it's about the aspiration of the nation, this is the drive of the nation to live and compete. That is good thing.
Egypt needed new pyramids, a very useful project for the people of Egypt.
The old pyramids are broken and falling apart. They should be torn down and bigger ones built in their place.
With such impressive clear voice you should have much more followers..
Excellent video
Love you Egypt and hope to prosper and achieve huge success Love from India ❤❤
ManshAllh ❤ do not say it will bankrupted it will bring more economic growth
The whole video is based on false info like ikhwan media.
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
@@TheNtrLight It is outside of the "general" budget, but who is paying for it? It's still the government backed by loans from China and private credit.
@@oeldesouky
No you're wrong, we don't have budget for such mega project, and no loans can do it!
read the comment again, it's funded by selling lands to investors, it's smart idea to turn a part of desert to a high value piece of land.
@@TheNtrLight You're the one who is wrong. "Egypt signs $3 billion loan deal with Chinese commercial bank to build business zone in new capital" Google this.
Just think about it in a logic way. There are all ministries located in the new capital. Those will either need to put the money on the table for the construction, or alternativelly they will need to pay for renting those properties over the rental term. Nothing in this world is for free. As the new capital is primarily catering to the official administration of the state of Egypt the state of Egypt will at the end pay for all of this. In what form or way the state will pay does in the end not matter.
Love the video
Correction, 10000 EGP is way less than 500 USD.
The rate is 31 EGP to the dollar for over a year now officially.
And 50+ EGP in the actual market now.
So 10k is actually less than 200 EGP now.
On the other hand I doubt the sq meter is only 10k EGP, I guess it's multiples of that may be.
Building a brand new society all at the same time is clearly proving difficult by most countries that attempted it! The best way is to build things in phases which creates organic growth 📈 With money that can be reused
the city is planned to be constructed over 3 phases. this is just phase one!
Egypt had been making plans before, such as the five-year plan and the ten-year plan, and with the passage of time, nothing was accomplished to a sufficient extent.
When world is looking forward Egyptians are not exceptional this is Egypt the land of Prophets. Good video entertaining 👌
99% of Egyptians won't be able to buy a small condo outside the new city, let alone the inside the city itself.
if bro wanted to leave a mark he might as well have just built a pyramid and get buried in it when he dies like a pharaoh
Egypt; the most chaotic country I’ve ever been to. But nice people.
Ever heard of India.
Try India and Bangladesh 😃.
This is awesome & am sure it’s to be a success- even better will be improving infrastructure & housing in older cities ❤️🕺💃🤛
This is like when you build way too much in City Skylines / Sim City and just go into horrible debt.
A city 45KM away from Cairo will always attract attention.
I do remember a new city called " 10th of ramadhan city", which is very close to cairo. In 1993 I visited there while still under construction, has the project failed... please let me know.
No it was successful and it is now an industrialist and luxurious area full of factories
AL -Ahasher of Ramadan is an industrial city and has some productive factories. Its area is not large and cannot be compared to the new capital, where it will be the economic capital and the seat of government and ministry.
No,This one of the most important cities in Egypt this days
It’s very successful now
Great project
Sisi is great leader
Good luck Egypt 🇪🇬
Tourists all over the world are already scared. All cities will look the same. All the travelers say to each other, run quickly to see the old towns and settlements, to capture the magical atmosphere one last time. And that applies to every place on earth. Those new cities will never have that magical atmosphere that attracts so many millions of tourists. There is a lack of humanity. It is more important to preserve humanity.
How does this make life better for the regular Egyptians, not the rich powerful ones?
Even if it is a vanity project, it is hyperbole to tag it as "the end of Egypt". My approach to planned cities is that if they have to be built, it would be better to build then in stages. The experience from previous stages cures so many unforeseen problems that afflict cities built in one go. Depending on the outcome of the current war in the middle east, the Suez Canal could be losing a good quarter of its business. It is real possibility that maritime commerce may find it very attractive to bypass the Suez in favor of the Northeast Passage through the Russian Arctic. What, then, would become of the shiny cities being built on either side of the Red Sea, Sisi-City, NEOM, etc.?
Egypt never ends
I wish Egypt success, but the problem is that this city is basically denying everything we already know about how to design a city. It looks great on photos but it also looks like it won't really be a liveable city. And in that sense it is just like Dubai.
Giving a relief to Cairo is a very good idea because the city is way to overcrowded and has a lot of problems. But if they will achieve that is another question. Many of those artificial cities turn very often into cities where barely anyone lives.
This project will improve, develop and put Egypt on the map of the Great power countries
I am Egyptian American i been in Egypt twice this year and I just love everything there, all the best for Egypt 🇪🇬 ❤❤❤❤
Beautiful project !
Prez Sisi is fighting Extreemism and wants to give his people a good life ...i wish Egypt have a glory and prosperity
This is a leader who doesn't care for himself but for his people and is taking meaningful risk to leave a lasting jewel of infrastructural development to future generations while lifting the bar of his legacy so high and a challenge to upcoming presidents. He is better than other presidents who worry only about themselves and surround themselves with devils who empty state coffers to buy themselves mansions in Europe and America while their citizens drown in absolute poverty and lack of basic necessities. Good job Sisi who says military leaders can do well?
مدينه القاهره أصبحت مزدحمه للغايه بعد عشر سنوات سيكون سرعه السيارات ١٠ كم يعني هيكون في موت مروري وليس اختناق مروري فكره المدينه كانت من قبل السيسي لكنه هو من كانت له القدره ليأخذ تلك الخطوه هي خطوه شجاعه لكن متهوره مصر من آلاف السنين دائما تغير العواصم لها مدينه القاهره الحاليه يتعدي عمرها الف عام وأكثر اعتقد انها ستكون مدينه سياحيه مفتوحه بها الكثر من الاثار القديمه بها شوارع يتعدي عمرها ألفين عام
Thanks president Sisi for everything you’ve accomplished in such short time
Mega ghost city
Is that your whims or you know something that we Egyptians don't know?!
Jealousy isn't good for your health.
It seems that influential countries in Africa and Middle East follow the UAE’s path. How good idea is it to build a mega city in the desert? No fertile land, no plant, scarce water supply. Hope they succeed.
Didn’t you hear the part where they built the world’s largest artificial river to hydrate the new mega city capital?🤔🤔🤔🤔
It's not a bad idea, but they put up too much upfront investment in facilities which were not necessary from the start. They should have built the infrastructure, left space for stadiums and the like and started building medium to high density housing of good quality to actually attract residents and form businesses. They started by buildings every building they could think of before they even had people there.
All these un necessary facilities are the reasons to increase the value of the land and attract people to buy residents and companies to invest in the area
Reminds me of Brasilia... in concept and scope.
It reminds me of Ashgabat, the new (and largely empty) capital of Turkmenistan.
@@bscottb8
Turkmenistan has only 6 million citizens! no comparison dude!
@@TheNtrLight 👍
they aren't even a district in cairo.
This is an amazing project not like what is mentioned in this misleading report
ماتقلقش رديت عليهم وتقريبا كل التعليقات اللي بتنشر كدب.
There's nothing called "Sisi-city" it's known in Egypt by Administrative Capital or the New Capital, but I see you tried hard to draw a bad image on this thriving and very important project to our country just before the elections! yeah? coincidence for sure! right?!
You also spilled many false info, the whole script acting like those false media of the muslim brotherhood party! you can't even know the difference between the iconic tower and oblisco capitale! LOL
AND It's FASCINATING how you "forgot" to mention the most important thing that has been declared MANY TIMES by the prime minister and the president himself which is "not a single Egyptian pound from the state budget is spent on this major project. It is all came from selling lands for investors" but of course if you mentioned that then the rest of your script will be unreasonable!
From official sources:
[The financing of all projects in the Administrative Capital is completely outside the general budget of the state, and the budget of the new administrative capital is independent and completely separate from the general budget of the state. This clear statement came from the Administrative Capital Company, which confirms that there are no burdens on citizens as a result of the large projects that are being launched in the Administrative Capital. This dispels the rumors circulating about the sources of funding for various projects.
On January 24, 2021, the Ministry of Finance said in an official and clear statement that financing the construction of Administrative Capital projects, as well as new cities, is done outside the state’s general budget, independently and separately.
The Ministry of Finance explained that the state’s success in creating an economic value for the land on which these projects are located, and transforming it into a source of financing, so that this economic value resulting from the sale of land to investors is used to finance construction operations and pay contractors and workers’ dues.]
Abd-alFatah alSisi is really changing the face of Egypt to way way better, by eliminating slums dwellings and those chaotic districts and offered a suitable homes for poor people, tons of infrastructure projects that is needed for the heavy industries domiciliation, reducing unemployment through these projects, and eliminating diseases spread in society through for years through free health initiatives and the comprehensive health insurance project that we started, in addition to establishing many technological universities, developing the education structure, huge agriculture projects, building about 14 new generation four cities, many green energy projects, high-speed train lines and developing transportation, eliminating terrorism and strengthen the army so we can live in peace, and also allowing so much freedom of speech unlike president Mubarak era, and much more.
So yeah he is the greatest leader we had since Muhammad Ali, but of course there's people who against him bcoz of the inflation, they don't understand the basics of the global economy, but for me the only critique is that he allowed more than 9 millions of immigrants to enter Egypt which affected many aspects of our life like society and economy.
Anyway, that's why we choose him for the third presidential term, deal with it.
The new city construction sounds wonderful, as this video describes it. Yet, the marble could be exchanged for something less expensive and the difference given to the poor?
*your video is very good*
This new capital will be good for the country.
This project will definitely be successful...
InShaAllah, brother.
Malaysia just spend less than US 3 billion in 1995 to shift their administrative capital and the development was amazing
Within a huge population, more modern space, public facilities will always a neccessaty. Im sure after its constructed, it will be the ideal modern lifestyle of egyptians.