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Egyptian Cities See Limited Interest
The article focused on the challenges faced by new cities in Egypt in attracting residents and benefiting from global investments, despite occupying a large area and experiencing significant urban expansion since 1979. Studies have shown that occupancy levels in these cities, especially first-generation ones, range from only 5 to 20% of the targeted population goals. Additionally, some new cities, such as the administrative capital, have only around 30,000 residents currently, with an expected increase to 50-60 thousand over the current year. This is attributed to weak marketing mechanisms, high real estate prices, transportation and living costs, as well as the lack of sufficient job opportunities or parallel economic development. Experts have emphasized that improving the attractiveness of these new cities requires developing employment opportunities, encouraging citizens to relocate, and implementing investment programs and facilitative measures that make the cities more sustainable and appealing to residents.
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