Statements by Dr. Abdel Moneim El-Sayed on the improvement of investment opportunities for the Egyptian citizen in 2026

Key points and details of the meeting:

1. Reasons and motivations for establishing the New Administrative Capital
Reducing congestion in Cairo: Cairo has a population of over 20 million, with another 7 to 8 million commuters visiting daily, making it one of the three most congested cities in the world. This has a negative economic and social impact.

Modernizing the state's administrative apparatus: The administrative apparatus employs more than 6.5 million people; relocating ministries (34 ministries and affiliated bodies) enables the implementation of the "smart government" concept and digital transformation.

Combating corruption: Digital transformation reduces corruption, bribery, and nepotism, and improves Egypt's ranking in global competitiveness indicators related to the efficiency of the administrative apparatus.

2. Economic feasibility and financing mechanism
Creating job opportunities: The project is considered an engine for development and provides ample job opportunities for Egyptian workers.

Returns and investments for the state: Dr. Abdel Moneim dismissed rumors that the capital was "money thrown in the desert," explaining that the project is managed by the New Administrative Capital Company (a partnership between the Armed Forces, holding 51%, and the Urban Communities Authority, holding 49%).

Self-financing: The company relies on selling land to real estate developers and investors to build residential complexes, hospitals, and infrastructure, thus generating new revenue for the state instead of burdening the general budget.

You can watch the full interview via video: Dr. Abdel Moneim El-Sayed: The New Administrative Capital Will Be a Source of New Revenue for the State