Emaar Misr, Citystars to Launch $18.5B Red Sea Megaproject

Emaar Misr, Citystars to launch $18.5B Red Sea megaproject

Emaar, Citystars Sign Deal to Develop Resort on Egypt’s Red Sea

Emaar Misr and Citystars Properties signed a deal for a development on Egypt’s Red Sea amounting to 900 billion pounds ($18.5 billion), the government said, as the North African nation keeps drawing interest from Gulf investors.

Marassi Red Sea: Egypt’s New USD 18 Billion Luxury Tourism Project

Egypt unveiled on Sunday 7 September its latest mega tourism development: a new Red Sea city resort project worth EGP 900 billion (about USD 18 billion), launched through a partnership with Emirati and Saudi real estate giants Emaar Misr and City Stars. Prime Minister Mostafa Madbouly oversaw the signing ceremony on Sunday, alongside top government officials, including Housing Minister Sherif El Sherbiny, Investment and Foreign Trade Minister Ha…

Emaar Properties announces investments in Egypt set to reach approximately US$35 billion - Egypt Independent

Founder of UAE Company Emaar Properties, Mohamed Alabbar said his company plans to invest LE 900 billion in the Marassi Red project in Egypt's Red Sea.

PM: Red Sea Marassi Project Will Create Over 150,000 Jobs

Prime Minister (PM) Dr. Mostafa Madbouly witnessed the signing of an agreement to develop 10 million square meters in the Red Sea region, during a ceremony held at the Cabinet headquarters in the New Administrative Capital (NAC).