Eagle Hills Properties achieved a significant milestone in developing the Soul Luxury Beach Resort by signing a contract with Orascom Construction, Invest-Gate reports.

The contract is valued at EGP 1,920,000,000; which demonstrates a strong commitment to excellence in constructing and bringing to life parcels 3 and 4 (Flow–Breeze) within phase 1A of the resort.

The construction and implementation phase is expected to be completed within 1,020 days, starting from the project’s initiation date, aiming to deliver an outstanding project that will redefine luxury living.

Moreover, the Soul Luxury Beach Resort is envisioned as an exquisite haven along the Mediterranean coast, spanning 20 km of waterfront. It will feature a luxurious five-star hotel resort, serviced villas, and residences.

Additionally, the resort will offer a unique shopping experience with its upscale retail destinations, complemented by various outdoor sports facilities. Furthermore, the project will include a refined fitness club and fine-dining restaurants.

It is important to highlight that the contract signing ceremony was witnessed by Mohamed Al Abbar, Chairman of Eagle Hills Properties, and Osama Bishai, CEO of Orascom Construction.

For his part, Mohamed Al Abbar, Chairman of Eagle Hills Properties, expressed his excitement about collaborating with Orascom Construction, to bring the Soul Luxury Beach Resort to life. He emphasized their focus on efficient construction and maintaining high-quality standards.

Al Abbar added, “We are determined to introduce a new and unparalleled concept of leisure tourism in Egypt, which will support the government’s efforts to develop the tourism and hospitality sector, especially in the North Coast region.”

He also expressed the company’s eagerness to expand its investments in Egypt, citing the significant potential and abundant investment prospects, as well as the government’s incentives to promote investment in the country.