President Abdel Fatah Al Sisi will announce the commencing date of building the new administrative capital at the ceremony of inaugurating the new Suez Canal on August 6, governmental sources told Youm7 news on Thursday. The project will be implemented by several corporations, such as Talaat Mostafa, Sodic and the Saudi corporate Bin Laden, as well as the armed forces' engineering authority. President Sisi declared the New Capital project during the Economic Conference, that took place in Sharm el-Sheikh in March.