Egypt’s premier real estate developers, Al Ahly For Real Estate Development is set to start developing a new tourism project in the North Coast using partnership (PPP) system with one of the real estate investments firms by the beginning of 2016.
Its chairman Hussein Sabbour said that the project will spread over 300 feddans to be completed within a time frame of two and half years. It will include two hotels, villas and chalets with various spaces
In addition, the company has already received an offer from one of the real estate investments firms to cooperate in developing the new project.
Al Ahly For Real Estate Development Company was founded in 1994, a joint stock company according to the Egyptian law section 159 for year 1981.
The Mediterranean Coast of Egypt or the Northern Coast of Egypt extends for about 1,050 km (650 mi) from Rafah in the east on Sinai Peninsula to Sallum in the west on the Egyptian-Libyan border. It is one of the longest Mediterranean shores in North Africa.
