Egypt’s Mokhtar Ibrahim develops 500 feddans in New Alamein City project

Egypt’s leading construction firm, Mokhtar Ibrahim, is currently developing 500 feddans of New Alamein City with total investments of 400 million Egyptian pounds ($45 million), its managing director said on Saturday.

Earlier this year, Egypt Cabinet has approved to assign Arab Contractors and Mokhtar Ibrahim to carry out part of the first phase’s infra-structure of New Alamein on an area of 2000 feddans.

While, Mokhtar Ibrahimb is set to carry out water, sanitation, roads, irrigation, electricity, and utilities works in the first district A and D with total area of 283.6 feddans and 250 feddans respectively.

In 2014, President Abdel Fattah al-Sisi has declared the creation of three new governorates – Central Sinai, Al-Alamein and Al-Wahat. The move, which will bring the number of governorates to 28, is designed to bolster development efforts.