The Administrative Capital Co. for Urban Development (ACUD) has spent more than 25 billion Egyptian pounds (about $520 million) on infrastructure work for the New Administrative Capital over the past six months, with much of the funding directed toward completing the first phase of a major water treatment plant, a senior source told Al Manassa.
The plant, one of the largest in the country, is being built in partnership with the Housing Ministry and is set to deliver a total capacity of 1.5 million cubic meters of potable water per day once complete. The initial phase under construction will provide 400,000 cubic meters daily.
The source, who requested anonymity, said additional spending during this period covered a range of essential infrastructure, including sewage systems, electricity networks and roadworks, to support the livability of new developments within the city.
The company aims to inject more investment in the near future to complete essential infrastructure works—an effort expected to boost the city’s appeal, help activate stalled projects, and attract new investors to mutually beneficial ventures, the source added.
In April 2024, ACUD Chairman Khaled Abbas said that the firm had targeted 65 billion pounds (about $1.35 billion) in infrastructure investment for the second phase of the capital during the past year.
The company plans to repurpose part of the capital's underdeveloped downtown district, which has struggled with stalled services and delayed projects, into a new financial and business hub.
The move aims to accelerate operations and attract new investment, especially in light of delays caused by Egypt's recent economic challenges, including soaring inflation and repeated currency devaluations, leading to some companies postponing their project implementation.
