A further zoomed out image has been leaked early for the upcoming Assassin’s Creed game which confirms the Egypt setting rumor is true.
As you can see in the further zoomed out image, the player is about to enter a pyramid which could not be seen in the original zoomed in image. If you also zoom in a little on the code at the bottom of the above image you will see it clearly says “GIZA” too which also makes it very obvious that it’s set in Egypt. The zoomed in image however does make some thing a little clearer and makes it even more likely that it’s an Egypt setting which you can see below.
The icon above which says “5 m” looks very similar to a pharaoh’s sarcophage.