Buzz

A Disneyland Themed Park is Coming to Egypt

A Disneyland Themed Park is Coming to Egypt

Photo credit: Reuters

Egypt’s governor of Marsa Matrouh Alaa Abou Zaid signed a new contract to build what is set to be Egypt’s biggest amusement park in al-Alamein, with $3.3 billion US-Saudi investments.

The Ministry of Investments and International Cooperation said in a statement that the new Disneyland-style amusement park will be built on an area of 5080 acres in the coastal city of Marsa Matrouh. The contract was signed with the managing director of “Entertainment World” Company, in charge of providing entertainment facilities in the Middle East.

However, the ministry didn’t mention, in the press release, the start date of construction work or the project completion date. The Managing director of the Entertainment World company said that the project will be executed in a time span of nine to 10 years.

The signing ceremony was attended by the Minister of Investment and International Cooperation Sahar Nasr, and Minister of Local Development Abou Bakr al-Gendy.

Nasr said that the theme park will be the biggest Egyptian entertainment project following the approval of the new investment law. The new law facilitates the procedures for foreign investors who want to establish investment projects in Egypt.

Nasr also added that the ministry encourages Egyptian investments, besides the foreign investments, to create better job opportunities.

Additionally, governor Abou Zaid signed two other agreements with the Emirati Company “Orouba” to construct a touristic project on an area of 172 acres with investments worth EGP 3.2 million.

Russian Belly Dancer 'Johara' Deported, Charged with 'Inciting Debauchery'
Electric Cars, a EGP 400 Million Project to Develop Giza Pyramids Complex

Subscribe to our newsletter


Buzz

More in Buzz

Chanel Turns to Egypt for Inspiration of Modern Design

Egyptian StreetsDecember 6, 2018

Egyptian Female TV Presenter with Down Syndrome Hosts Morning Show 

Taha Mahmoud SakrDecember 5, 2018

Egypt’s First Ever StartUp Manifesto Will Help You Beat Your Entrepreneurial Challenges

Egyptian StreetsDecember 4, 2018

Careem and Uber Launch Bus-Booking Service to Rival Swvl

Nour EltiganiDecember 4, 2018

4 Ways to Help Poor Families Stay Warm this Winter

Mirna AbdulaalDecember 1, 2018

Egyptian Students Beat Stanford and Rank First Place in Aerospace Competition

Mirna AbdulaalNovember 27, 2018

Rami Malek ‘Deserves an Oscar’ For His Performance, Says Queen Legend

Mirna AbdulaalNovember 24, 2018

Egyptian Muslim Teacher Cleans Coptic Church to Promote Tolerance

Mirna AbdulaalNovember 22, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.