INVESTMENT WATCH- Tourism investment company Madar will invest in a EGP 10 bn tourism development in Matrouh, according to a statement from the Investment Ministry. Company Chairman Mohamed Beshtah signed for a 2.1 mn sqm plot of land for the project on Monday, with development set to begin in six months time. The project, which will be developed over three phases, is the largest investment by an Egyptian company since the Investment Act was ratified, said Investment Minister Sahar Nasr.

Tags: