The plan for the area, which is home to about 880,000 people, will be implemented over four years.
Mubarak met Prime Minister Ahmed Nazif, Housing Minister Ahmed al-Maghrabi and Transport Minister Mohamed Mansour to discuss the plan.
According to Al-Maghrabi, the project will provide transport links and improve health, education and recreation services in the area.
The plan includes the construction of 40 schools and four parks with a total area of 630,000 square metres.
The ministers declined to say how much money would be spent in Northern Giza.
Mubarak and his ministers also discussed a development plan for the area to the west of the Cairo-Alexandria desert road.
The government will begin by studying whether to build an airport west of Sadat City, between Cairo and Alexandria.