The Egyptian government is holding a global press conference today to announce the launch of a new development project in Ain Sokhna, attended by Dr. Mostafa Madbouly, Prime Minister, and Eng. Sherif Shalaby, Minister of Housing. The conference comes as part of the state’s efforts to boost tourism and real estate investment and attract major projects to the region, Invest-Gate reports.

The project is being implemented through a public-private partnership, involving the Administrative Capital Urban Development Company and Tatweer Misr, serving as a model for cooperation between the government and developers.

A Comprehensive Project to Boost Investment and Tourism in Ain Sokhna

The project aims to offer an integrated experience for investors and visitors alike, providing advanced tourism and urban facilities along with comprehensive service-oriented developments.

The project is expected to contribute to the economic development of Ain Sokhna and surrounding areas, create new job opportunities, and support the tourism sector while attracting both local and international investments.

The conference will also feature an overview of the project’s master plan and implementation stages, highlighting its key benefits and services, in a move to promote transparency and allow the media and investors to closely follow the project’s details.