It was created as a result of the construction of the Aswan High Dam across the waters of the Nile between 1958 and 1970.
The lake is some 550 km long and and 35 km across at its widest point, which is near the Tropic of Cancer. It covers a total surface area of 5,250 km² and has a storage capacity of some 157 billion m³ of water.
The rising waters of the dam required major relocation projects that were carried out during the 1960s. Several important Pharaonic archaeological sites were dismantled block by block and moved to higher ground, most notably Abu Simbel; the Sudanese river-port and railway terminal of Wadi Halfa was lost beneath the waters and a new town was built in its place; and Egypt's entire Nubian community from the upper reaches of the Nile – numbering several hundred thousand people – saw their villages disappear and were forced to relocate.
The Egyptian name is in honor of President Gamal Abdel Nasser, who was the mastermind behind the controversial High Dam project.