Hisham Talaat Moustafa: The state’s share in the revenue of the “South Med” project is one trillion pounds

Contract, a little while ago, International press conferenceAt the Cabinet headquarters, in the New Administrative Capital, in the presence of Dr. Mostafa Madboulythe Prime Minister, and an investment partnership project was announced between the state and the private sector, on the North Coast, which is the SouthMed project.



Hisham Talaat Moustafa, CEO and Managing Director of said, Talaat Moustafa Group HoldingThe project is comparable to the largest global projects, explaining that it covers an area of ​​23 million square meters with investments of one trillion pounds.

He pointed out that local investment is capable of supplying projects that rival global projects, and creating a competitive environment between local and foreign investment.

He stressed that the projectSouth Mid“, a global tourist destination that attracts Huge dollar revenues for the Egyptian stateExplaining that the state’s share in the revenue of the “South Med” project is one trillion pounds, and that the “South Med” project achieved sales of 60 billion pounds hours after opening the reservation door.

The South Med project is located on an area of ​​23 million square meters, to be a global destination in the southern Mediterranean and a competitor to the most beautiful Beach resorts In the northern Mediterranean, which represents a major addition to Egyptian tourism.

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