How Egypt New Capital is Bankrupting Egypt
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- čas přidán 20. 05. 2023
- Egypt's New Administrative Capital will be the biggest city in Africa, breaking world records in several metrics, such as the tallest building in the world and the biggest military base.
However, the government has gone to extreme lengths to finance this project, which can drive this country to bankruptcy. There are many flaws to this mega project, which will not benefit the majority of the Egyptian people.
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Mistake
6:13 shows a map of new york state, which should be NYC.
New York state, shown in the video (my mistake), is 141,300 km²
NYC is 783.8 km²
************************************************************************** - Zábava
Egypt isn't poor dude
It's full of natural resources including it's location...
It will stay poor until Egyptians stop having children they can't afford.
But mismanaged.
there's the LRT as well which has a high capacity and faster than the metro
both the LRT and the monorail are connected to the metro, the monorail at cairo stadium in nasr city and the LRT at adly mansour station which is a big transport hub to the east of cairo. there's also plans for another LRT connecting to the currently u der construction metro line 4 at el rehab (part of new cairo at its north)
Egypt is not poor. It is classified as middle low income country
thats kind way to say poor
@@mrmalfurion5408 😃
@@mrmalfurion5408
Poor compared to neighboring Arabian peninsula countries, rich as compared to the continent of Africa. Rich and poor is a relative thing..
The new Egypt Capital will be a most improve city infrastructure project in the whole African continent which will generate large sum of revenue.
New York State (the area shown on the screen) is 141,300 square km in area. New York City is 783.8 square km in area and occupies just 0.5% of New York State.
That also caught my attention. I think he meant the city not the state. A lot of people make that mistake.
@@RANIYAFAI I would have let that go had the graphic not shown the entire state.
@@Ericwvb2 you're right. I stand corrected.
i am always in support of countries who try to move forward... it's expensive but clean and will get back its cost with FDI
No city is ever really ‘complete’.
Great video you covered all sides with clearly keep it up. Since you started talking about egypt I suggest you to make a similar detailed video on Grand Ethiopian Renaissance Dam
Thank you, I will
Egypt is not a poor country
GDP Per capita $3,644 (128th). Is truly a properly poor country with a dictatorship regime which is making the country even poorer.
On the UN scale, Egypt is ranked lower-middle. Sadly, there are countries with less than $1000 GDP per Capita
@@georgeelmasry9376 lol, Bulgaria has $12.340 per capita
@@snowfuca and what is your point? I live in the US where the per Capita is 5 times that of Bulgaria. I am talking about the UN ranking and how, sadly, many countries are dirt poor. No need to tell someone in their face how poor they are.
@@snowfuca Its poorly run not poor. We have lots of resources that are either being stolen or unused.
6:08 You are confusing NYC with New York State. New York State is 141,300 km^2. NYC is 783 km^2.
Egypt is not poor . come and see the informal economy or even what this country have to make you chnge your mind . you still young hero as you said .
The point of view displayed in the video is hypothetical and based on assumptions regarding the new capital..... the problem facing infrastructure construction during economic depression is the poor quality ...
question is.... in Egypt, who can afford this city????
The military and political elites.
@@shauncameron8390
The same people who can afford luxurious summer home that stretches 100 km along the Mediterranean. Don't worry, the will be people who are willing to buy and if aren't enough will import them from the Arabian peninsula.
@@shauncameron8390
How many of the military elite, you know that could be considered wealthy?. The top ranks, live comfortably but by no mean rich
That is exactly the plan.
Wonder how viable this (and Egypt itself) will be once Ethiopia finishes that dam.
Bro said big as New York ☠️☠️☠️
Bro has potential
Thanks 😅, new video is coming out soon.
Hundreds of thousands are working and having a good income by building the new capital .. and others like them will work and earn a good living from it ..
To your knowledge 29 other new cities are being built in the desert simultaneously
not the whole project by 2030, the first phase only
Sorry, but most information are incorrect.
Exactly
like for example?
Like what ya fale7?! I think you are one of those people who can afford to buy there!
@@Mosalah1001 go work ya hayawan and build the country
@@kylarazoth6289 sure, do youbwant me to build it for asyaddak l3askar l7aramiya
If you are wortied about its bankrupcy just give them the money.
Or are you just not jealous?
wtf? kind of comment is this? Ok child, give mommy her phone back now. lmao
حلي مساء❤🇪🇬
❤❤❤🇪🇬🇪🇬🇪🇬🇪🇬❤️❤️
The government knows 90% of the population can't afford housing but yet it builds what they can't afford. Think about it. I am still looking for one country on this planet where its head of state goes on TV and tells its population nothing but the bare naked truth as to what is causing what to happen.
This city was not built for the Egyptians, but for the international elite. The UN paid Egypt $10 billion to build this city. Egyptian politics don't give a shit about the normal population. This city will be shielded from the rest of the country. Drinking water supply through the Nile and desalination plants, checkpoints, comprehensive camera surveillance.
This will be "Elysium" like in the movie of the same name. In Revelation 17 & 18 the city is called Wh ore Babylon.
Egypt is not a poor country. Egypt is a miss managed Country or rather a kidnapped country.
It's a highly religious society with a birthrate that outstrips economic growth.
@@theconfusedphilosopher4724 There's truth to what you said of course. But I think it's a very narrow prospect portrayedby the media.
It's not about religion, it's about a horrible education. Which is also caused by deliberate mismanagement.
Also, more people means more consumers. Look at China for example!
@MahmoudSaadawy China got rich when they imposed the one child policy. Children are a major drain on personal finances and inhibit ones ability to advance economically. If you scale this up to a national level, you can see the results.
@@theconfusedphilosopher4724
And then they scrapped the one-child policy in 2017 as it's now messing up their demographics.
Too loud
3:53 Laughable, never going to happen.
it's not going to happen yet
Bull...
These new salite cities are nice and sound as good ideas,but facilities and house rent are expensive ,if not careful ,they may end up as ghost cities ..
No Bankrupting...the Bible tells a other story in revelation 17 & 18 about this city
Cairo was not around during the writing of the revelation 17 and 18. It was Men nefer which is south of Cairo.
@@moatazel-shafie3689 God, make brains rain.
Thank you for shining the light on this disaster that dictator SiSi is burning the Egyptians hard earned money on. The main reason sisi is building this place is to be far away from the Egyptians when they start the long due revolution to throw him and his criminal army. He will have time to run away "fly" to his uncles country Israel where his mother Maleeka Tetanee and his uncle are buried. Before the Egyptians get him. He is so scared to endup like Libya dictator.