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Marassi Red Sea: Egypt’s New USD 18 Billion Luxury Tourism Project

Egypt unveiled on Sunday 7 September its latest mega tourism development: a new Red Sea city resort project worth EGP 900 billion (about USD 18 billion), launched through a partnership with Emirati and Saudi real estate giants Emaar Misr and City Stars. Prime Minister Mostafa Madbouly oversaw the signing ceremony on Sunday, alongside top government officials, including Housing Minister Sherif El Sherbiny, Investment and Foreign Trade Minister Hassan El Khatib, and Presidential Adviser for Urban Planning General Amir Sayed Ahmed.…

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