Are the Qattara Depression project and similar proposals too small in impact or more expensive than building better flood management, or why aren't we doing those?
It's incredibly expensive though.
Scott Alexander estimated it would "reverse one year worth of global-warming induced sea-level rise" here: https://slatestarcodex.com/2016/04/15/links-416-they-cant-li...
We are depleting our aquifers at a rate of about 280 km^3 per year. US is down over 1000 km^3 since ~1900. I'm not sure how much of that ends up in the ocean, but reducing that number and taking it negative would go a long way toward slowing sea level rise.
I guess depleting aquifers can lower land levels in those areas. I hear Jakarta has sunk 4 meters from that effect. But it's a separate thing from rising sea levels.