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Tue, 19.12.2023
Home REAL ESTATE Egypt government launches $21bn ‘South Med’ real estate mega-project

Egypt government launches $21bn ‘South Med’ real estate mega-project

by Press Room


Egypt

Image credit: Getty Images

In a bold move to bolster Egypt’s tourism sector, the government has launched the “South Med” project, a massive EGP1tn($21bn) investment designed to transform the country’s North Coast into a premier global destination.

The announcement came during a press conference at the New Administrative Capital on Tuesday, with key figures from the government and private sector in attendance.

A strategic partnership

The “South Med” project is a collaborative…



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