Mariout Hills invests EGP 300mln for first tourist project in its Eco City

Mariout Hills Development, specialised in the establishment of sustainable cities, is preparing to establish the first tourist project in its sustainable city project in the North Coast with a total investment of  300 million Egyptian pounds ($17.79 million).

The project is including the establishment of  200 hotel units and the company is seeking   to market  70 percent  of the total units to foreign clients.

Mohamed Shaheen Commercial director at Mariout Hills said that the total investment cost of the project is estimated at 300 million pounds. The company also signed a contract signed with long-standing European tour operators to organize trips of European tourists to the sustainable city throughout the  year.

Mariout Hills has announced that first  Eco City in Egypt  phase 1 will be with total investments 2.4 billion pounds ($3.13 billion).

The project encompasses establishing housing units that meet all the environmental requirements  which are adopted globally, and relies completely on the clean energy generated from solar power plants as well drinking water produced with condensation technology.