Horizon Egypt Developments announced the signing of a land allocation contract with the New Urban Communities Authority (NUCA) for the “Royal Saeed Towers” project, a commercial and hotel development spanning nearly 28 feddans and exceeding EGP 42bn in total investments. The project supports the company’s vision to create landmark destinations that reinforce New Cairo’s role as a regional hub for premium hospitality and mixed-use services, in line with Egypt’s plan to expand hotel capacity and reach 30 million tourists by 2030, Invest-Gate reports.