From the posts in this thread, that's a mighty plan that I see to upstage Cairo. But come to think of it, are the traditionalists not alarmed by this planned change of the country's capital? They are trying to change history.
There was a time when the Philippines had that plan. After world war II, the big expanse of land near Manila was developed and named Quezon City - first to move there was the University of the Philippines followed by government institutions like the Tuberculosis Hospital which was named Quezon Institute. In fact, Quezon City was capital of the country in the 1960s although in the 1970s, Manila was back to its old glory.