The event included a wide range of workshops, panel discussions, presentations, and research, allowing for interactions between officials and experts in the real estate sector.
The new destination will be located in The Groove Sokhna Resort’s retail area, in Ain Sokhna region.
Several themed days for focused discussions have been designated, which will include side events, panel discussions, and roundtables.
The agreement includes allocating lands for measurements and technical studies required for the project, in preparation for negotiating the project’s final contracts.
During the exhibition, the housing ministry presents investment opportunities in areas affiliated with the New Urban Communities Authority (NUCA) and organizes forums and an international press conference to introduce opportunities in the Egyptian real estate market.
Informed sources report that the project includes a green ammonia unit, agreed upon in principle between QatarEnergy and The Sovereign Wealth Fund of Egypt (TSFE), on the sidelines of a visit by an Egyptian delegation to Doha last month.
The new solar power plant will have the capacity to produce 45 gigawatts/hour of energy and offset 22,000 carbon dioxide emissions annually.
The qualified projects include accessibility solutions for water, future networks, applications, analytics, and cybersecurity.
The minister notes that the project includes building a dam at a length of 1,025 m and a height of 131 m, while the dam’s lake will have the capacity to store up to 34 bn sqm of water.
For his part, Ahmed Hawash, Chairman of the Damietta Port Authority, states that the port is taking major steps toward becoming a key commercial and logistics hub in the Middle East.
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