Rédaction Africa Links 24 with Egypt Independent
Published on 2024-02-03 09:12:17
The Undersecretary of the Housing Committee in the House of Representatives, Tarek Shoukry, has recently confirmed reports about a deal to sell a large plot of land in the Ras al-Hikma area in the Matrouh Governorate. In a phone interview with TV host Amr Adib on the “al-Hekaya” (The Story) show on MBC Masr, Shoukry disclosed that while little is known about the deal, especially its financial aspects, it is anticipated that the deal will be signed within a week or ten days once all details are agreed upon, including its value and method of payment.
Shoukry explained that the reason government officials have not spoken about the details of the deal yet is due to the desire of all parties to finalize the agreement. He also emphasized the positive aspects related to this imminent deal, such as obtaining a large sum of money, attracting serious investment, implementing valuable projects, establishing a new city that operates throughout the year, and achieving a major tourism boom in the region.
Ras al-Hikma has made headlines in the local media as reports surfaced about a possible deal for an Emirati consortium to purchase a huge plot of land in the area on the northwestern coast of the Matrouh Governorate. The purpose of acquiring the land would be to establish an international tourist city project similar to the New el-Alamein City, for a whopping amount of up to US$22 billion, part of which will be paid in advance. Official sources also clarified that the Ras al-Hikma development project is part of a larger plan to develop the northwest coast region in general.
It is apparent that the Ras al-Hikma area is in the spotlight due to the potential for significant economic and tourism development. The sale of the large plot of land to an Emirati consortium aims to bring major investment and economic growth to the area, as well as providing the potential for the development of a new international tourist city. This could not only bring in a large sum of money from the sale but also attract further investment for valuable projects and contribute to a thriving tourism sector in the region.
The Ras al-Hikma development project is a crucial part of the larger plan to develop and boost the economy of the northwest coast region. With the establishment of the international tourist city, it is expected to bring about a major tourism boom and create opportunities for economic growth and development in the area.
In conclusion, the reports about a deal to sell a large plot of land in the Ras al-Hikma area at the Matrouh Governorate are indeed true. This deal has the potential to bring about significant economic and tourism development in the region and is a part of a larger plan to develop the northwest coast area. Once the deal is finalized and signed, it is expected to attract major investment, implement valuable projects, and contribute to the establishment of a thriving tourism sector in the region.
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