Tatweer Misr says North Coast’s Fouka Bay investments worth EGP 4 bn

Tatweer Misr is investing an estimated EGP 4 bn in its Fouka Bay project on the North Coast, excluding land value and marketing expenses, CEO Ahmed Shalaby told Reuters Arabic. Shalaby did not disclose when the development would be complete. The company is considering investing outside Egypt in 2023, and is interested in Rwanda, Morocco, Saudi Arabia, Portugal, and Greece.