The Minister of Housing, Utilities and Urban Communities, Dr. Mostafa Madbouly, revealed a new project that will be presented among the ministry's projects at the Sharm El-Sheikh Economic Conference, scheduled to be held from March 13 to 15, which is the Marina El Alamein Tourist Center, on an area of 2,800 acres, and the size of the project's workforce is estimated at about 14,000 job opportunities in the entire project, with the aim of exploiting the North Coast area throughout the year, not just the summer months.

The minister said in press statements that the project will include tourist housing, hotels, a sports village, water parks, a Bedouin village, a scientific research area, a cultural area, and an artificial lake.

The Minister explained the components of the project, with the land area, as the project will include a tourist housing area with an area of 353 acres, representing about 12.6% of the total area, a recreational area with an area of 60.6 acres, representing 2.2%, hotels with an area of 153 acres, representing 5.5%, a commercial area with an area of 151.7%, representing 5.4%, water parks with an area of 61 acres, representing 2.2%, in addition to a sports village with an area of 50 acres, representing 1.8%, and a workers’ housing area with an area of 33.7 acres, representing 1.2%.

The project also includes a Bedouin village with an area of 141 acres, representing 5%, a scientific research area, facilities and a cultural area with an area of 615 acres, representing 22%, an artificial lake with an area of 278 acres, representing 10%, public services with an area of 18.4 acres, roads, railway right-of-way and international road right-of-way of 485 acres, representing 17%, pedestrian paths and public spaces with an area of 274 acres, representing 9.8%, and the total saleable land in the project reaches 863.4 acres, representing 30.8%, while existing uses reach 124 acres, representing 4.5%.

The Minister confirmed that the project will be implemented on 2,800 acres, and will provide about 14,000 job opportunities, and is the first step towards optimal exploitation of the El Alamein area and the North Coast, which is characterized by being a flat land with no mountains or heights, in addition to the cold climate in the winter, accompanied by heavy rain and some snow and a relative rise in temperatures during the summer, which makes it a distinguished area for foreign tourism.

The Minister of Housing confirmed that the projects that will be presented at the economic conference will be based on a partnership system with the private sector, which will specialize in real estate investment, in addition to presenting utility projects, such as seawater desalination, with the door open to participation with Egyptian, Arab and foreign investors alike. The Minister stressed that several criteria have been set for evaluation, the most important of which are the shortest implementation period and the highest return.