Egypt has decided to invest $59 billion in a futuristic smart city, a key part of the Egypt Vision 2030 strategy.
The high-tech megacity, currently under construction 45 km east of Cairo, aims to alleviate congestion in the capital and position Egypt as a pioneer in digital urban planning in Africa.
This city will integrate advanced digital solutions, including artificial intelligence, the Internet of Things, automated public infrastructure management, connected transportation networks, and smart surveillance systems.
The first phase, which alone mobilized $8.4 billion, is more than 70% complete.
The final phases are expected to extend until 2027, with possible adjustments depending on the economic situation.
This megaproject is part of a rapidly growing global trend. On an international scale, the smart cities market is expanding. It was valued at $1.36 trillion in 2024 and is expected to reach $3.84 trillion by 2029, with an average annual growth rate of 23.21%, according to Mordor Intelligence.
This smart city is designed to accommodate 6.5 million residents. It will house the government headquarters, ministries, foreign embassies, and digital innovation centers. The buildings will be equipped with smart sensors for energy, water, security, and mobility.
