Prime Minister (PM) Dr. Mostafa Madbouly witnessed the signing of an agreement to develop 10 million square meters in Red Sea region, during a ceremony held at the Cabinet headquarters in the New Administrative Capital (NAC).
Moreover, PM stated that this step marks a partnership with one of the largest Arab companies to lay the foundation stone for the Red Sea Marassi mega project, with total investments amounting to 900 billion Egyptian pounds.
He explained that the Red Sea Marassi project will contribute to creating more than 150,000 job opportunities and significantly increase the number of hotel rooms in the region.
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