[4] The capital city is considered one of the projects for economic development, and is part of a larger initiative called Egypt Vision 2030.

In October 2021, transportation minister Kamel al-Wazir indicated the city might be named "Wedian" (meaning "Riverbed" or "Valley"), or "Masr" (the Arabic equivalent of "Egypt").

According to the plans, the city will become the new administrative and financial capital of Egypt, housing the main government departments and ministries and foreign embassies.

[27] When the project was officially announced in March 2015, it was revealed that the Egyptian military had already begun building a road from Cairo to the site of the future capital.

[10] But in September 2015, Egypt cancelled the memorandum of understanding (MoU) signed with Alabbar during the March economic summit, since they did not make any progress with the proposed plans.

[28] In the same month Egypt signed a new MoU with China State Construction Engineering Corporation (CSCEC) to "study building and financing" the administrative part of the new capital, which will include ministries, government agencies and the president's office.

[30][31][32][33] This left the Egyptian government to finance and manage most of the construction, setting up the Administrative Capital Urban Development Company (ACUD) on 21 April 2016, an Egyptian state owned enterprise (SOE) whose major shareholders are the Ministry of Defense (National Service Products Organisation and the Armed Forces Land Projects Authority) holding 51% by in-kind contribution of the land, and the Ministry of Housing's New Urban Communities Authority (NUCA), holding 49% of the shares via capital injection of EGP 20bn (US$2.2bn in 2016) and an authorised capital of EGP 204bn (US$22bn).

[34][35][36] ACUD manages the planning, subdivision, infrastructure construction and sale of land parcels in conjenction with the New Administrative Capital Development Authority affiliated to NUCA,[37] as the latter does with its other new towns.

[39] Al-Fattah al-Aleem is a Sunni mosque with indoor and outdoor space for 17,000 worshipers, in addition to two Quran memorization houses for men and women and a library.

One runs northward, parallel to the Cairo Ring Road, to 10th of Ramadan City, while the other turns south towards the New Administrative Capital.

Later phases of the 1,750 km (1,087 mi) high speed network will connect the new capital with cities as far as Aswan in the south of Egypt.

This is not the first time the Egyptian government has attempted to build cities outside the Nile Delta and Valley to alleviate the overpopulation of Cairo.

Although president Abdel Fattah El-Sisi stated that "the state won't pay a penny" for the new capital, funds from the public coffers continue to flow into building the capital, adding to that the loans the government has acquired to fund the project, which has significantly increased the national debt.