Egypt is almost finished with building a whole new capital city of 7 million people

[nanat]

After I did some digging, I've found the majority of the investment for the city is coming from Egyptians themselves.
The government promised local investors different kinds of real estate assets, depending on their capital investment.
Like commercial, industrial, residential real estate assets, that they can later sell, use or rent when the project is finished.
The other important thing is they only outsourced to Chinese companies what they can't build themselves, like the skyscrapers, or complicated railway systems. Everything else is locally sourced, cement, steel, paints, electrical wires and almost all the construction workers and a good junk of the engineers, planners, architectures.

Why can't Somalis do the same?
Please don't write piss you read on CNN, FOX NEWS or BBC news or any Xalane groups stats.

 

[nanat]

Also Egyptians diaspora are huge part of this project. They're also assisting their government with all the knowledge & skills they acquired in the western countries.

 

[InaShaqalle]

The new capital is very near Cairo, makes no sense unless this city merges with Cairo

PS why does the overwhelming majority of Egyptians live in a small percentage of Egypt territory?

 

[Laagite]

The new capital is very near Cairo, makes no sense unless this city merges with Cairo

PS why does the overwhelming majority of Egyptians live in a small percentage of Egypt territory?

Cuz the nile

 

[nanat]

The new capital is very near Cairo, makes no sense unless this city merges with Cairo

PS why does the overwhelming majority of Egyptians live in a small percentage of Egypt territory?

Cus of the Nile River. Where else should they get water from?

 

[Darood]

The new capital is very near Cairo, makes no sense unless this city merges with Cairo

PS why does the overwhelming majority of Egyptians live in a small percentage of Egypt territory?

Majority of their land is arid and inhabitable. It didn’t used to be.

 

[World]

Majority of their land is arid and inhabitable. It didn’t used to be.

it always has been outside the nile.

 

[Man with a garuun]

After I did some digging, I've found the majority of the investment for the city is coming from Egyptians themselves.
The government promised local investors different kinds of real estate assets, depending on their capital investment.
Like commercial, industrial, residential real estate assets, that they can later sell, use or rent when the project is finished.
The other important thing is they only outsourced to Chinese companies what they can't build themselves, like the skyscrapers, or complicated railway systems. Everything else is locally sourced, cement, steel, paints, electrical wires and almost all the construction workers and a good junk of the engineers, planners, architectures.

Why can't Somalis do the same?
Please don't write piss you read on CNN, FOX NEWS or BBC news or any Xalane groups stats.

You need to fix the title. Instead of stating "Egypt is almost finished with building a whole new capital city of 7 million people", you need to state "Egypt has almost finished with building a whole new capital city of 7 million people".

Right now, the title sounds like Egypt is done or gone, which is not the case. Your heart is in the right place, so fixing the title would place your words where your heart is.

 

[FBIsomalia]

After I did some digging, I've found the majority of the investment for the city is coming from Egyptians themselves.
The government promised local investors different kinds of real estate assets, depending on their capital investment.
Like commercial, industrial, residential real estate assets, that they can later sell, use or rent when the project is finished.
The other important thing is they only outsourced to Chinese companies what they can't build themselves, like the skyscrapers, or complicated railway systems. Everything else is locally sourced, cement, steel, paints, electrical wires and almost all the construction workers and a good junk of the engineers, planners, architectures.

Why can't Somalis do the same?
Please don't write piss you read on CNN, FOX NEWS or BBC news or any Xalane groups stats.

All that was loan money .

 

[𐒋𐒖𐒆𐒔𐒖𐒕𐒈]

In other words, the average Masri can not feed his family, yet Sisi is wasting billions in building mega bridges and metropolis. Make sense of that, if you will.

 

[GemState]

He's wasting billions and praying the Gulf props him up

 

[nanat]

CNN, FOX & BBC consumers stop ruining my thread

 

[repo]

CNN, FOX & BBC consumers stop ruining my thread

It's built with Chinese and other external loans. Not poor Egyptian credit. Egypt is a house of cards waiting to collapse.

 

[3LetterzMM]

Building a city that big isn’t possible in Somalia we don’t have a big enough population

 

[Libaax-Joore]

 

[Hotchick12]

I’m buying my summer home there, it’s a great asset, a lot of Somalis in Cairo are living in new Cairo I’ve seen

 

[Burqad]

Building a city that big isn’t possible in Somalia we don’t have a big enough population

30 million isn’t big enough?

 

[nanat]

Building a city that big isn’t possible in Somalia we don’t have a big enough population

I didn't say we should build a 7 million people mega city.
Can't we build 1-3 million nice organized city?
It will only take 500k people to pay 50k on average. Some may pay 27k, some 90k, 150k, some others 500k each of them will get homes, business properties worth their investments.

 

[killerxsmoke]

After I did some digging, I've found the majority of the investment for the city is coming from Egyptians themselves.
The government promised local investors different kinds of real estate assets, depending on their capital investment.
Like commercial, industrial, residential real estate assets, that they can later sell, use or rent when the project is finished.
The other important thing is they only outsourced to Chinese companies what they can't build themselves, like the skyscrapers, or complicated railway systems. Everything else is locally sourced, cement, steel, paints, electrical wires and almost all the construction workers and a good junk of the engineers, planners, architectures.

Why can't Somalis do the same?
Please don't write piss you read on CNN, FOX NEWS or BBC news or any Xalane groups stats.

It's very simple we are at war with al Shabaab

 

[nanat]

It's very simple we are at war with al Shabaab

Do you watch FOX NEWS?
Have you ever been to Somalia?
If you have $25+ billion at your disposal alshabaab will be like insects, that you can deal with it like insects