Minister of Housing Mostafa Madbouly meeting with Board of Directors of Marriott Hotels (Photo courtesy of Ministry of Housing)
CAIRO – 13 September 2017: Minister of Housing and Urban Communities, Mostafa Madbouly, met with the board of directors of Marriott Hotels to overlook potential collaboration in investing in new El Alamein City on Wednesday.
Madbouly has explained in the meeting the master plan for the city that spans over 50,000 feddans overlooking the Mediterranean Sea, according to a released statement by the Ministry of Housing and Urban Communities.
He also mentioned to the board of directors, comprising of the CEO and executive manager for the MENA and Africa region and the chief executive of operations in the Middle East and Africa, that the city will feature a variety of housing projects and hotels.
Marriott Hotels run a rich portfolio of projects in Cairo and Red Sea governorate and plan to invest in North Coast in the upcoming period, according to Alex Keds, CEO and executive manager for the MENA and Africa region.
The company will be implementing three hotels that will be suitable for different socioeconomic classes. Madbouly has suggested that the company constructs the hotels through a partnership with the Egyptian government.
A plan has been previously set to construct approximately 25,000 hotel rooms within the city, international resorts, agricultural and industrial zones, and a research center in efforts to promote a newly developed city of multiple performances.
Mabdouly confirmed that infrastructure is currently being implemented including roads networks, irrigation, rural sanitation, and electricity networks. In addition, 600-square meters touristic pathway is under construction by Arab Contractors Company.