The regime is making money from moving embassies to the New Administrative Capital

The Egyptian Ministry of Foreign Affairs is seeking to move many foreign embassies in Cairo to the New Administrative Capital, by pushing them to buy land in the embassies district there.

The Administrative Capital for Urban and Development company, which is responsible for the project, decided to raise the price per square metre in the diplomat district to $500 (equivalent to about EGP 8,000) from around $400. The company is preparing to sell 1,300 acres for different embassies, amid a high demand from a number of embassies that are buying new headquarters in the new capital, according to Al-Akhbar Lebanese daily. It is expected that the majority of foreign embassies will be transferred to the new neighbourhood, the so-called Diplomatic Quarter, provided that each embassy, or international organisation, will build the building that suits them, in coordination with the official authorities. The new capital administration has set the land at between one acre and 24 acres according to the requirements of the embassy of each country, taking into account, among other things, the nature of the tasks that will be carried out in the embassy and the number of potential employees.

Saudi Arabia has requested a new headquarters for its embassy although it has a huge embassy in Giza Governorate (west of the Egyptian capital). Other embassies have requested the exchange of their existing buildings in Cairo with the new buildings in the Diplomatic Quarter, and requests are currently being studied by the Egyptian Foreign Ministry. This process will push the diplomats and employees of those embassies to move to that expensive city, which means more profits for the Egyptian regime.

The Administrative Capital is located on the borders of Badr City in the confined area between the Cairo-Suez and Cairo-Ain Sokhna roads, east of the regional road, immediately after New Cairo and the Madinaty and Future City projects. The new capital is about 60 kilometres from Suez and Ain Sokhna, and also 60 kilometres from Cairo.