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Assistant Minister of Housing: EGP 350 Billion Invested in New Alamein City So Far

Dr. Abdel Khalek Ibrahim, Assistant Minister of Housing for Technical Affairs, revealed that the Egyptian government has invested approximately EGP 350 billion in the development of New Alamein City.

During his participation in the 10th edition of the “Builders of Egypt” Forum, the Assistant Minister explained that the government aims to attract around 8 million visitors to New Alamein in 2025. It is expected that 60% of these visits will come from within Egypt, 30% from Arab countries, and 10% from other international markets. He emphasized the government’s strategy to transform New Alamein into a major hub for tourism and investment, positioning it as a cornerstone for sustainable development.

Assistant Minister of Housing: EGP 350 Billion Invested in New Alamein City So Far

He also pointed out that the state is seeking to generate significant revenue from tourism activity in Alamein this year. Currently, only about 20% of the city’s total area has been allocated for tourism activities, which include approximately 40,000 hotel rooms. Additionally, he noted that the city is intended to support agricultural projects such as “Future of Egypt” and “New Delta,” both of which are vital pillars for expanding agricultural land and achieving self-sufficiency.

Dr. Ibrahim revealed that New Alamein includes around 2 million square meters designated for administrative office spaces, which will be offered to investors. The city also features a tower zone that will serve both residential and tourism functions, along with designated industrial and logistical areas.

He further mentioned that the tourism and investment zones will be offered to international companies with extensive experience in managing large-scale projects, following a similar model to the New Administrative Capital, where Chinese firms were contracted to manage its tower district.

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