Al Masry Sporting Club has hired Zilla Capital as financial adviser on a planned EGP 4 bn sports complex in Port Said, the investment services firm said in a statement (pdf) yesterday.

About the project: The complex is set to include a 20k-capacity stadium, a 400-room hotel, and 800 residential and commercial units. It will take three years to complete, the statement said, without saying when construction is expected to begin.

Al Masry SC is seeking partners: “We are currently scouting for investors and high-end developers and hospitality management firms” to join the project, Zilla Capital’s head of marketing, Yasmin Khafagy, told Enterprise.

Tags: