New Development Projects to Start in Red Sea

Monday, 5th June 2017

The Housing Ministry sign a protocol of cooperation with the Red Sea Governorate on June 4 in order to develop settlement villages for Bedouins spanning from El-Zafarana to Ras Hadraba in the Red Sea, Invest-Gate reports.

“The governorate oversaw projects worth over EGP 3 bn implemented over the past three years,” says Housing Minister Mostafa Madbouly who witnessed the signing of both protocols.

Red Sea Governor Ahmed Abdullah and Slum Development Fund Managing Director Khaled Sedeek also inked a cooperation protocol to develop seven unplanned areas in Hurghada, with investments worth EGP 190 mn.

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