The New Administrative Capital (NAC), is a new urban community in Cairo Governorate, Egypt and a satellite of Cairo City. It is planned to be Egypt’s new capital and has been under construction since 2015. It was announced by the then Egyptian housing minister Mostafa Madbouly at the Egypt Economic Development Conference on 13 March 2015.The capital city is considered one of the projects for economic development, and is part of a larger initiative called Egypt Vision 2030