Emaar Misr Sets Ambitious Billion Investment for 2025 Expansion in Egypt
In a significant boost for Egypt’s real estate and tourism sectors, Emaar Misr for Development (EMFD) has announced plans to invest approximately billion in the nation next year. This declaration was made by Mohamed Alabbar, founder of the UAE-based Emaar Properties, during an engaging interview with Africazine, which certainly has many people buzzing with excitement.
As Emaar Misr celebrates its long-standing commitment to the Egyptian market, Alabbar noted that the company has already poured around billion into the country since its inception—an impressive feat that underscores the ongoing appeal of Egypt as a vibrant locale for international investments. On average, Emaar Misr invests about billion annually, showcasing its dedication to boosting local economic growth and infrastructure development.
This year, the company made headlines with the grand opening of The Address Hotel on Egypt’s beautiful North Coast, a project with an investment exceeding EGP 5 billion. Spanning a staggering 86,000 square meters, the hotel features 200 luxurious hotel rooms and 169 serviced apartments, positioning it as a prime destination for travelers seeking exceptional experiences along the Mediterranean.
Alabbar’s optimism is palpable, particularly in regard to the luxury tourism sector in Egypt, which has been witnessing remarkable demand from international visitors. The hospitality industry’s growth is not only a boon for investors but also a significant opportunity for job creation and community development within the local economy.
Among Emaar Misr’s flagship projects is Marassi, an expansive development that occupies over 1,500 feddans in the Sidi Abdel Rahman area. Nestled along the picturesque Mediterranean coast, Marassi is set to redefine luxury living and vacationing in Egypt, catering to the tastes of both local and international clientele.
As Emaar Misr pushes forward with its ambitious plans, it’s clear that the company sees immense potential in Egypt’s tourism landscape. The forthcoming investment will not only enrich the business environment but also enhance the experiences offered to travelers, solidifying Egypt’s place as a prime destination in the global tourism market.
Stay tuned for further updates on this dynamic investment and its impact on Egypt’s economy and tourism scene!
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