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

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