Cairo – Marwa Abo El Majd
Marseille the Egyptian Real Estate Investment company is seeking to invest EGP 6 billion ($ 334 million) to implement tourism and real estate projects in Egypt, including the construction of a 4-star hotel in 
Alexandria, north of Cairo, chairman told Masaader News
“We have allocated all our investments in the northern coast areas and Ain Sokhna to implement several tourism projects and a hotel with 152 rooms,” said Yasser Rajab.
The company’s total investment in Egypt is about EGP 6 billion, he added.
“The new project includes the construction of the CityMax hotel with 152 rooms, a swimming pool, a conference hall, a health club and 50 hotel units for families,” Rajab said.