Egypt Unveils $27bn Mega-City 'The Spine' Near Cairo
Updated
Updated · Bloomberg · Apr 18
Egypt Unveils $27bn Mega-City 'The Spine' Near Cairo
3 articles · Updated · Bloomberg · Apr 18
Egypt’s Talaat Moustafa Group has announced plans for a $27 billion mixed-use city called The Spine, east of Cairo.
The project, spanning around 2.4 million square metres, will include 165 residential, business, and commercial towers, developed with the National Bank of Egypt.
Expected to generate over 55,000 direct jobs and significant tax revenue, The Spine marks a major investment in Egypt’s urban development sector.
How does building luxury cities address Egypt's urgent need to create 1.5 million sustainable jobs annually?
Will Egypt's $27 billion megaproject fuel real growth or just inflate a massive real estate bubble?
Can the average Egyptian family ever afford to live in the futuristic 'Cognitive City' being built near Cairo?
As new 'smart cities' rise from the desert, is Egypt erasing its rich urban history for profit?
Who will control the vast amounts of data generated by residents living in Egypt's new AI-managed city?
With 70% green space planned in an arid climate, what is the true environmental cost of this new desert city?