The new cooperation with Apleona targets a total of 29,000 tourists annually, and will also provide more than 1,000 job opportunities, according to Ahmed Abdel Hamid, Managing Director of DM Development.
The international consortium includes the British Globeleq Company, the Saudi Alfanar Company, the Emirati Alcazar Energy Company, the Emirati K & K Company, and the American-Egyptian MEP Energy Company.
The terminals will be constructed and operated by two coalitions.
If you are tying the knot in summer, nothing can be more magical than exchanging your vows against the picturesque backdrop of the sea while surrounding yourself with the nearest and dearest.
The plant will also be located at Ain Sokhna Industrial Zone affiliated to Suez Canal Economic Zone (SCzone).
The plant's output will be used to fuel ships.
Zakaria underlined that some of the industrial zones Egypt is establishing near seaports are aimed at localizing certain industries.
The signing of the agreement aims to establish a Polish economic zone in Ain Sokhna, with an area of 400,000 to 1 million square meters, targeting food industries, electronic industries and auto spare parts.
It added that the project is built on an area of 3.56 million square meters within the geographical space of the Main Development Company, one of the most important developers of the economic zone in the southern sector of Ain Sokhna, with an investment cost of $7.5 billion.
Egypt’s new express train network is seen as a pillar that will change the transport map in the country.
It should be turned into a regional logistics center.
An alliance of Egyptian and international companies are carrying out the implementation of the project.
Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year.
Operating the navigation route will start in October, the ministry said, adding that it will serve six countries along the Red Sea and Indian Ocean.
The president expressed his appreciation for the conglomerate’s operations in Egypt, particularly in the sector of fertilizers.
Canadian, Chinese and Malaysian Companies compete in the bid launched by the Ministry of Transport and Ministry of Housing to set up two monorail projects at the New Administrative Capital.
Authorities foiled an attempt to smuggle tons of fossils in the form of petrified wood and rocks.
The center said the project, which is the biggest in the Middle East, lies inside the the Suez Canal Economic Zone.
Nassar has discussed with Yusuke Saraya the President of Japan's leading global manufacturer of personal hygiene products SARAYA the company's investment plan in Egypt.
Chairman of Railway Authority announced on Monday that the Authority will facilitate the transportation of containers from Ain Sokhna port to 10th of Ramadan city.