Why is Egypt building a new capital?

And who will this multi-billion project benefit the most?

In Egypt, a huge “New Administrative Capital” is being built, approximately 45km (28 miles) to the east of Cairo, on a swath of desert equal to the size of Singapore. If you take a walk or drive across Cairo, you may be tempted to think that the Egyptian government embarked on this multi-billion-dollar project to meet an urgent need. Indeed, the current capital is hardly functioning. Ministries and embassies surrounding Cairo’s central Tahrir Square are clogging the city’s arteries. With many streets blocked to ensure the security of these buildings and their occupants, it is at times impossible to go from A to B in the city. Moreover, the already overcrowded capital’s 22-million population is expected to double by 2050.