Egypt to launch four key projects worth 11tn pounds

Egypt has announced the signing of an agreement with the Talaat Mostafa Group to implement four major projects with a total value of 11 trillion Egyptian pounds. These projects include mixed-use developments in strategic locations such as Alexandria, East Cairo, and the North Coast. The initiatives involve the development of residential, industrial, logistical, and tourism areas, targeting investments exceeding 37 million square meters. These projects are expected to contribute approximately 6 million jobs and generate tax revenues of 2.4 trillion pounds. They also include the construction of 200,000 housing units for rent in collaboration with the government.

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