Emaar Misr and City Stars have signed partnership agreements with the Egyptian government to launch Marassi Red Sea, the largest tourism project on Egypt’s Red Sea coast, with investments totaling EGP 900bn. The signing ceremony was witnessed by Prime Minister Dr. Mostafa Madbouly at the Cabinet headquarters in the New Capital, in the presence of Housing Minister Eng. Sherif El-Sherbini, Investment and Foreign Trade Minister Eng. Hassan El-Khatib, and Presidential Urban Planning Advisor Gen. Amir Sayed Ahmed, Invest-Gate reports.