World Courant
The CEO and Managing Director of the Talaat Moustafa Group (TMG), Hisham Talaat Moustafa introduced that the South Med venture shall be developed on an space of 23 million sq. meters with investments value one trillion LE, equal to roughly 21 billion US {dollars}.
He assured that the TMG will undertake the implementation of the venture, as town has a protracted historical past of growing fashionable, built-in and distinctive cities, and since this venture is a mannequin of partnership with the state.
Moustafa made his feedback throughout a first-rate ministerial convention, the place an funding venture between the state and the personal sector was introduced on Tuesday.
He added that the venture will embody a big worldwide marina for yachts and cruise ships within the Mediterranean, making Egypt probably the most promising and enticing vacationer locations for vacationers there.
The Southern Mediterranean venture is being developed with a world focus to rival the most effective and most luxurious worldwide locations within the Northern Mediterranean, he stated, such because the seashores of the South of France, Italy, Spain and Greece.
Venture within the southern Mediterranean to be developed with investments value LE1 trillion: TMG
Africa Area Information ,Subsequent Massive Factor in Public Knowledg
