Real estate company Mariout Hills plans to invest EGP 8 bn in developing projects in a New Alamein, Chairman and founder Ahmed Hassan said, according to Al Shorouk. The company is also in talks to acquire 100 feddans in New Mansoura as part of its plan to develop projects in five new cities across Egypt, including the new capital, New Assiut and in Upper Egypt. The New Urban Communities Authority had issued last month tenders for private sector real estate development in New Mansoura and New Alamein.

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