The project overlooks the Middle Ring Road and has a total area of 70 feddans, Abdel Khalek says.
The Downtown area incorporates 40 buildings, including 1,320 units, the minister unveils.
The new lines serve the 8th industrial zone in the city which includes 1,076 plots dedicated to different activities.
Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.
The minister reveals that the unit is set to supply electricity to other distribution units soon.
For his part, the Chairman of FDWSC, Mohammed Al-Naggar, notes that projects are underway in the governorate under the Decent Life initiative with a value of EGP 1.615 bn.
Director of Halifax Mortgages, Kim Kinnaird, notes that the impact of the economic environment on the housing market will continue.
The project is important to Saudi history, heritage, and culture. It has a total cost of around $50 bn.
The projects also include building 7 shopping malls, 5 medical centers, 5 schools, 4 nurseries, 2 five-a-side football stadiums, and a bakery, Ali adds.
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