Mahmoud Gaber, the CEO of Magic Land Al-Hokair company, has affirmed that the Tanza project aims to become the leading tourism entertainment venture in the Middle East as part of an ambitious expansion plan in the Egyptian market, Invest-Gate reports.

Gaber stated that the company is considering the establishment of new projects in the upcoming phase of its expansion plan. He highlighted that a total investment of EGP 1.1 bn will be injected into the development of the Tanza project, which occupies a total area of 170,000 sqm.

He further mentioned, “Our target is to have 80% of Tanza operational by the end of this year, with full completion scheduled for 2025.”

Gaber emphasized that the National Tourism Development Strategy aims to increase tourist arrivals to 30 mn by 2028, with an annual growth rate of 25% to 30% in tourist traffic to Egyptian destinations. This aligns with Egypt’s vision for sustainable development.

Gaber added that Tanza supports these government efforts and aims to position Egypt as an exceptional and appealing global tourism destination. The project comprises seven entertainment areas, including the adventure area, racing area, sports area, jungle area, cinema and theater area, children’s area, and a dolphinarium.

He explained that Tanza seeks to enhance the human aspect in the entertainment and tourism sectors in Egypt, aligning with the country’s own goals. This is bolstered by the extensive expertise of Al Hokair Group in the hospitality and entertainment industry.

It is worth noting that Al Hokair Group, established in 1965, is a Saudi-based conglomerate operating in the tourism and entertainment sector. The group owns 67 entertainment cities across Saudi Arabia, the UAE, India, and Egypt.