DM Developments to Invest EGP 4 bn in Ain Sokhna’s The Groove

DM Developments to Invest EGP 4 bn in Ain Sokhna’s The Groove

Egypt’s DM Developments has announced its plan to invest EGP 4 bn in their new project, The Groove in Ain Sokhna , Al Gomhuria newspaper reports.

The Groove is located in Galala Mountain, 50-minutes away from New Cairo and 35-minutes away from the New Administrative Capital.

The project’s units are expected to be delivered by the end of 2020.

DM Developments’ Managing Director Ahmed Abd El Hamid says that the Galala Mountain will be one of the leading touristic attractions in the Red Sea.

DM Developments contributed to laying the foundation stone of the mountain’s infrastructure and main facilities.

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