Egypt’s Prime Minister Moustafa Madbouli asserted that the North Coast of Egypt is one of the key icons that can attract direct foreign investments and is a global tourist destination.
In his speech during a conference declaring an investment partnership project between the state and the private sector, Madbouli said that the state is keen on making the North Coast the destination to focus on to enlarge the tourism sector and create a big number of hotel and tourism rooms in the region.
This was declared in Egypt Vision 2030 and the national strategic plan of Egypt which aim at doubling the number of tourists in Egypt, Madbouli said.
Madbouli said that the North Coast with its atmosphere and land nature will be one of the key places to become home to future generations.
Madbouli said there must be enough job opportunities for youth to encourage them to live in the North Coast so a group of major integrated projects were implemented including New Alamein city.
Madbouli also said that Ras el Hekma project, which is one of the biggest integrated developmental tourist real estate investment projects with the UAE, was declared.
Today we announce the South Med project on the western North Coast, he said.
Until 2030, Egypt is capable to attract at least double the number of tourists, he said.
South Med project along with New Alamein and Ras el Hekma are expected to attract millions of foreign tourism to Egypt, he said, adding that these projects will provide direct and indirect job opportunities and attract youth to live in the area.
