Egypt's curious plan to abandon Cairo as its capital and build a new $45-billion city in the desert
Over the weekend, Egypt unveiled plans to build a wholly new capital. The new city would lie somewhere to Cairo’s east, closer to the Red Sea. It would sprawl across some 150 square miles and potentially be home to as many as 7 million people. Projected to cost $45 billion, it was announced at a summit in the seaside resort of Sharm El-Sheikh aimed at boosting the country’s flagging economy.