A huge new development in Egypt has been announced, and a private real estate investment fund company founded by UAE businessman Mohammed Alabbar, is set to spearhead the project. The Capital Cairo project, is reported to be costing $45 billion, and will include a landmark tower similar to the Eiffel Tower in Paris, creating a new iconic skyline for the city.

The colossal development plans will spread over 700 square km (roughly the size of Singapore) and will include a huge amusement park to rival Disneyland, a new airport and a series of solar powered fields which form part of the developments sustainable strategy. 

Perhaps the most instantly recognisable part of the plans and a major attraction to visitors is the tourist tower set to resemble the Eiffel Tower in Paris. A replica of the Paris iconic landmark is also due to be built in Dubai as part of the Falconcity of Wonders project.