Marina Tourist Center 3rd housing ministry project to debut in Economic Summit

The Ministry of Housing announced it will debut the El-Alamein Marina Tourist Center among the ministry’s projects in Economic Summit in Sharm El-Sheikh, which will take place from13 to 15 March.

The project will be built on an area of 2,800 acres and aims for developing and exploiting of the northern coastal area throughout the year, and not only summer months. The project is set to provide approximately 14,000 jobs, according to the Ministry of Housing’s press statement Wednesday.

The project is considered the third project announced by the ministry, after the October Oasis and Zayed Crystal Spark projects.

Minister of Housing Mustafa Madbouly said the project will include tourist housing, hotels, a sports village, a water amusement park and a Bedouin village, in addition to a cultural and scientific research area and industrial lake.

Madbouly added that the tourist housing area will be built on an area of 353 acres, with an entertainment area on an area of 60.6 acres, hotels on an area of 153 acres, the commercial area on 151.7 acres, the water park on an area of 61 acres, and a sports village on 50 acres.

He continued that the Bedouin village will be built on an area of 141 acres, the cultural and scientific research area will be built on 615 acres, the lake industrial area on 278 acres, a public services area of 18.4 acres and workers’ housing with an area of 33.7 acres.

“The project is the first step for optimal utilisation of the area of El-Alamein and the northern coast, which is characterised as plain land, as well as the cooler climate in the winter accompanied by copious rain and some snow,” added Madbouly. “The weather in the summer is characterised by a relative rise in temperatures; therefore, the area is qualified to be a featured area for foreign tourism.”

The minister noted that all housing projects will be debuted in the Economic Summit, will be implemented and built in a partnership system with the private sector in the field of real estate investment, besides, debuting utilities projects, such as desalination of sea water, with open participation with Egyptian, Arab and foreign investors alike.

Source: Daily News Egypt