New Valley Governor Mohamed El Zamalot signed an agreement on Tuesday with PDG Group’s local affiliate to begin feasibility studies for a number of new development projects in the area, Al Shorouk reports. In addition to building a new sustainable city, the governorate is also hoping to establish as much as 10,000 new residential units, as well as a solar power plant and a cement factory for a total estimated cost of EGP 23 bn. No further details were provided.

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