El- Manara Development launches its first integrated residential and tourist resort in Ain Sokhna’s Galala City, Invest-Gate reports.
“We seek to introduce a distinguished product with integrated services, in line with the state’s plan to turn Galala City into an urban community throbbing with life all year long,” El-Manara Development Chairman Mahmoud Omar says.
“Picking Galala City stems from El- Manara Development’s firm belief in its excellence, availability of opportunities supportive of investments, strenuous efforts exerted by the state in building up robust infrastructure including roads, desalination plants, developmental projects, all of which lift the added value of any investment, with the presence of universities, schools, administrative institutions, hotels, varied entertainment, and industrial projects,” he adds.
Additionally, the city comprises Tiba District, the first Olympic City designed to host national sporting events, a brilliant aquapark, and a yacht marina. With various massive projects becoming operational, the number of clients and investors is expected to grow in the upcoming period, he elaborates.
“Before kick-starting projects, we conduct marketing studies by leading consultants to ensure they are catering to the needs of clients and add value to the Egyptian market, as feasibility studies conducted by the company testified to the city’s strong attractiveness, promising investment potentials”, he continues. El- Manara has an expansion plan to execute other projects in New Alamein and mulls some investment opportunities, he concludes.