delivered by Dr. Mustafa Madbouly, Prime Minister, a speech after attending the signing ceremony of partnership contracts between the two companies & quot; Emaar Egypt & quot; And & quot; City Stars & quot; With the Egyptian government to launch the latest projects & quot; Red Sea Eveness & quot; (MARASSI Red Sea), which comes as a step that would enhance the position of the Red Sea region in Egypt as a unique tourist destination. Real Estate. Until the coming period will witness more large investments that will be announced successively in the northern coast region, in the context of making this region a tourist destination throughout the year and not for the period of summer months. The Prime Minister added that through the huge project on the Red Sea coast, whose partnership contracts were signed today, with two companies of the largest Arab brothers from the Kingdom of Saudi Arabia and the United Arab Emirates, representatives of the company & quot; City Stars & quot; Saudi Arabia, and & quot; Emaar & quot; Emirati, this project, which is built on an area of 10 million square meters, with investments exceeding 900 billion pounds, aims to make this region a large destination for global tourism, and to provide a high level of global tourism, because it is linked to the establishment of international legislation for yacht, and other tourism components. About 25 thousand permanent job opportunities with the operation of the project, therefore the economic returns are very large for the Egyptian state, in addition to the state’s share of the areas established in this project. The present assigned to the Egyptian state. Major General Amir Sayed Ahmed, the consultant of His Excellency the President of the Republic for Urban Planning, for his great role in coordination between all sides, to end and issue the various approvals and permits necessary and coordinate with the two investor companies, stressing that there is a consensus with all ministries, bodies and authorities concerned to implement this project. To announce it soon, which represents a direct success of the Egyptian state in attracting more foreign direct investment, and providing job opportunities for Egyptian youth in this region very distinguished, which will become a global tourist destination at the highest level throughout the year and not for a specific period or separation. & Nbsp; & nbsp;
