Tatweer Misr Company will hold Wednesday a press conference to reveal details concerning new major projects to be launched in the touristic town of Ain Sukhna, Al Bawaba News reported. The company will announce the details concerning housing and touristic projects that will occupy a space of 3.2 million square meters. These projects will be implemented through three phases and the first phase is expected to be completed in 2016. The total cost of these projects, which are expected to be completed in 2019, is EGP 8 billion.