The Egyptian government is struggling to raise funds to complete the construction of the new administrative capital in the heart of the desert and overcome other challenges it faces after investors have withdrawn from the $ 58 billion project, the Middle East Bank reported.

The site said in a news report that the workers are in a hurry to build the central areas of the new capital, which will replace Cairo, which suffers from traffic jams and a random urban extension embracing more than 20 million people in its side.

The project, launched by President Abdel Fattah al-Sisi in 2015, one year after his election as president, aims to provide a clean and efficient headquarters for the government, business and housing sectors for at least 6.5 million people.

However, the project, which the state is seeking to lift out of the economy set up by political turmoil after 2011, lost a major investor from the UAE and is overseen by a joint administration of the Ministry of Housing and the Armed Forces Engineering Corps.

"There is a strong interest in the project by the political leadership," Ahmed Zaki Abdeen, chairman of the administrative capital of the administrative capital of the administrative capital of the administrative capital, the capital, was quoted as saying by Reuters.

Great problems
"In order to connect the smart city with wires, and to provide about 1 trillion Egyptian pounds ($ 58 billion) in funding over the next few years, land sales and other investments will be needed," he said.

"We need huge funding and the state does not have the money to give it to me," Abdeen said, adding that about 20 percent of the investment so far came from abroad, including $ 4.5 billion from China.

The modern city - so far known as the new administrative capital - is expected to be about 700 square kilometers when completed.

The first phase of the project - which will cover an area of ​​about 168 square kilometers - includes the construction of ministries and residential quarters, diplomatic and financial life.

A large mosque, a large church (cathedral), a hotel and a conference center have already been built.

With parks and trees on the roads, the new capital will consume about 650,000 cubic meters of water a day from the country's scarce water resources.