Head of New Sphinx Development Authority Khaled Sorour has paid a visit to HyperOne’s newest branch in west Cairo’s New Sphinx to keep abreast of the latest preparations for the official inauguration, which is set to make way for further investments in the new city, Invest-Gate reports.

During the inspection tour, which took place on August 18, Sorour affirmed that the authority will spare no effort to lure potential investors and eliminate obstacles to inward investment in New Sphinx, according to a recent ministerial statement.

HyperOne is set to boost further investments in New Sphinx, and thus, create new jobs and provide residents with basic services, which will accelerate shots to build and promote housing options in the new urban area, the official elaborated.

In July 2019, retail chain HyperOne had announced plans to open the New Sphinx branch in early 2020, followed by two others at unspecified locations toward the end of this year, according to a previous statement.