Egyptian real estate company Edmag Misr is set to provide EGP 205 mn in investments for projects in Matrouh and the North Coast next year, according to Mahmoud Zayed, the company’s CEO, reported Al Borsa.

The company seeks to build a strong presence in Matrouh, due to the boom in tourism investments currently pouring into the region, according to Zayed.

The company has previously implemented a residential project named Kasr El Kada in Agamy with an area of 1,000 square meters, with 50 residential units, a swimming pool, and landscaping. Currently, the project is 80% complete.