Egypt – Informed sources revealed new developments related to the project to develop and invest in the Ras Gamila area, located in the city of Sharm El-Sheikh near Tiran and Sanafir.
This comes following the Minister of Business Sector, Mahmoud Esmat, announced that the Ministry is seeking to select an international consulting office to develop the necessary design in preparation for offering Ras Jamila land for investment on an area of 860 thousand square meters, which is land affiliated with the Ministry of Public Business Sector.
Sources told the Egyptian “Cairo 24” website that the Ajlan & Brothers Holding Group, which Forbes recently ranked 32nd among the 100 most powerful Arab family companies for the year 2024, addressed the government in Egypt in order to inquire regarding the details and the state’s perception of the Ras Jamila project and what the goals and resources are. The Egyptian state is seeking to obtain it through the deal.
Ajlan & Brothers Group is one of the largest private sector groups in the Middle East. It employs more than 15,000 employees in more than 25 countries and across 75 companies. It has existing investments in the Egyptian market estimated at regarding $2 billion, and the group’s total investments currently amount to $15 billion. dollar.
The sources indicated that the company confirmed in its letter to the government its desire to invest in the Egyptian market during the coming period, and the investments it desires in the land of Ras Jamila, by establishing an integrated tourism project on it, especially as it has a distinguished location and is qualified to become one of the most prominent tourist destinations in the country. Region.
She confirmed that the Saudi company seeks to invest in the Ras Jamila region, by establishing its tourism project in this region and a series of international hotels with famous brands, as it is expected that in the coming years the surrounding areas will turn into the most important tourist destinations.
A source close to Ajlan Holding Group said that the company submitted its letter to the Egyptian government confirming its seriousness in investing in the Ras Jamila region during the coming period, especially since it found the region at the top of the investment opportunities that fit the company’s aspirations.
The source explained that the letter was delivered to the government through the company’s representative, and includes the company’s desire to invest in Ras Jamila and an introduction to the company’s various projects and its total investments in the region, in addition to asking the Egyptian government to reveal its goals from the deal and what gains it wants to achieve.
Source: Cairo 24
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2024-04-19 11:48:44
