Sisi-City: The New Capital that could Bankrupt Egypt

Under construction since 2016, "Sisi-city" as it's often dubbed is the ambitious plan of the man who has ruled the country since 2013, Abdel Fattah el-Sisi. The man wants to leave his mark on the country. To do so, he is multiplying pharaonic constructions. Widening the Suez Canal, building infrastructure or, more recently, constructing the world's largest artificial river ... There are plenty of major projects.

But the construction of this new city 45 km from Cairo remains the most titanic project currently underway in Egypt, and indeed on the entire African continent. A veritable playground, seven times larger than Paris itself. All this for a colossal budget, estimated at between 52 and 60 billion dollars. A place built for records and excess, which could well lead Egypt to ruin... And that's what we're going to see today, in this new episode of Looking 4.

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Text: Guillaume Fournier

Additional images: Radio-CanadaInfo, NatGeoFrance, France2 et TeN TV, WSJ, France 24, Migir, BFMTV, AFP, Les Echos, CGTN français, CSEC Egypt, THE BROKER EG Real Estate, CGTN Documentary, Merci à eux.

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00:00 Peace summit in Egypt's new administrative capital
00:30 The capital that will ruin Egypt?
00:52 Al-Sissi and his pharaonic plans for Egypt
01:20 Objectives of the new administrative capital
02:16 Construction progress
03:09 The Iconic Tower and the new CBD
04:39 Egypt's International Olympic City
05:19 The Octagon: Egypt's new mega defense complex
05:43 A guarded and protected capital
07:00 Ministries open their doors to employees
07:32 Housing unaffordable for most Egyptians
08:56 International investors missing in action
09:50 China withdraws from new capital project
10:19 Megaproject increases Egypt's debt burden
10:40 The army's role in building the new administrative capital
12:08 Al-Sissi and presidential elections

#construction #egypt

2023 Looking 4 (En) | All rights reserved.

[arshadmilad]

Visited new capital last week and looks amazing. I pray this will be a successful project. Not good for people of Egypt if it fails. Love from a Pakistani from Cairo.

[bekelemulugeta]

Our Egyptian brothers are drinking the water of the Nile together. I wish growth and prosperity for both peoples, your brother from Ethiopia.🇪🇹

[Soulboy]

Returned to Sharm El Sheik this Xmas, the improvents you have made are amazing, well done, be back soon.
David from Uk 😊

[mariusklos]

Greetings to the Egyptians from Poland, I hope that this project will give a new impulse to the development of Egypt💪

[vanveakrin]

Renovations in the Egyptian Life... and refreshing images for the Egyptian people

[FERaptor]

Greetings from the UK! This looks awesome and very impressive. I hope this works out.
The budget is not too bad....50- 60 Billion dollars? Here in Britain, that is half the cost of a sub-standard high speed rail which doesn't really go anywhere (check out how absurd HS2 is). Also impressive is the scale of the project and how quick it has taken to build. Here in Britain, it has taken over 5 years to build ONE hotel in an arch facing Buckingham Palace. Words cannot do justice to the colossal failure UK construction is but words cannot do justice to the amazing feat that Cairo is performing now.

[bluetorpido]

From an Eritrean -Ethiopian, I wish you the best of success Egypt, and to my coptic brothers and sisters❤

[abdulazizsaleh]

مصر تستحق كل الخير ...شعبها من اطيب واكرم شعوب الأرض
حفظ الله مصر وشعبها 🤲🏻💐🇸🇦

[thabo]

I'm proud of Egypt, 2016 and all of this already achieved? Greetings from SOuth Africa

[bereketkiflejibicho]

Go Egypt 🇪🇬!
I am from Ethiopia 🇪🇹 we drink from one river(Abay) Nile and we prosper together 💪🏾

[davidvasquez]

Wow 👌 Bravo 👏 🎉❤ Egypt 🇪🇬 ❤it's beautiful 😍 🤩 ❤❤

[yasserfaroukragheb]

Wonderfull project amd opened hundreds of thousands of new jobs

[the_dia]

In 1997, everyone had the same opinion about Astana being the capital of Kazakhstan. However, now it is considered a better city to live in compared to Almaty (old capital).

[alexanderthegreat]

Greetings to Egypt 🇪🇬 from Morocco 🇲🇦 ...
Go Egypt forward ⏩

[gonzaloluna]

The worst project is the project not built. Only time will tell if it is a total success. Hope it succeeds.

[cindybogart]

It certainly will be gorgeous when it is done. I hope all goes well for this construction.

[arrjay]

It will be interesting to see what this becomes in 20 years.

[andregomesnf]

I like the idea. Wish all the best for Egypt

Greetings from Brazil

[thabo]

Look, with every positive there'll always be difficulties, every successful city built around the world has difficulties.

[nezihmahmoud]

May Allah bless the great proud nation of Egypt, its people, military, and its leadership. 🇪🇬 ❤