Egypt-based Pyramids Developments plans to launch two tourism projects on the North Coast and New Alamein during the second half of 2019, Invest-Gate reports.

Tayeb Mohamed Tayeb, the company’s vice chairman, said Pyramids Developments plans to launch a series of projects in Egyptian real estate, tourism, hospitality, education, culture, and industrial sectors, with more details to be announced soon.

He revealed that the company also intends to establish a serviced apartments project in New Cairo’s 5th Settlement, east Cairo, while also eyeing to implement international school in the New Administrative Capital (NAC).

In addition, Pyramids Developments is studying the implementation of a giant industrial project in 10th of Ramadan city, Tayeb noted, pointing out that a cultural project will also be announced in NAC. in the near future.

“The company’s interest to launch projects in various sectors, whether real estate, industrial, or commercial, is a natural result of the improvement of the investment climate in Egypt. In addition, it is an evidence that the market has enjoyed many promising opportunities in light of the political and security stability in Egypt recently, which prompts any investor to pump more investments,” he noted.