Qatar Real Estate: Foreign Sales Surpass Expectations
Qatar Diar Company announced the "Ain Rumm" project on Egypt's North Coast, a large-scale urban and tourism development spanning over 20 square kilometers. The project aims to be a comprehensive tourist and investment destination. Foreign sales of the project have exceeded expectations, reaching more than 30% compared to the targeted 20%. The project includes residential, entertainment, commercial, and service areas, along with tourism projects such as artificial lakes, golf courses, and a yacht marina. It also features an integrated infrastructure, including a free zone, power plants, water desalination stations, hospitals, and schools. The initiative aims to create over a quarter of a million jobs, promote sustainable development, and strengthen public-private partnerships, with investments totaling up to $29.7 billion.
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