It's practically a project of the Egyptian military who will mostly own the land. They will grow cash crops for export to gain a source of income.
This will also drain the ancient and non-renewable Nubian Sandstone Aquifer. This is water that has been trapped for thousands of years. It is the world's largest fossil water system and is of immense scientific value.
Not to mention the historic Nile Delta wetlands that will be lost from diversion and the massive increases in CO2 emissions necessary to pump the water at the elevation of the desert (which is higher than the Nile basin). Also the inevitable salination of soil means any economic benefits to this project are on a countdown.
This will also drain the ancient and non-renewable Nubian Sandstone Aquifer. This is water that has been trapped for thousands of years. It is the world's largest fossil water system and is of immense scientific value.
Not to mention the historic Nile Delta wetlands that will be lost from diversion and the massive increases in CO2 emissions necessary to pump the water at the elevation of the desert (which is higher than the Nile basin). Also the inevitable salination of soil means any economic benefits to this project are on a countdown.