Egypt has allocated around 350 billion Egyptian pounds in investments to develop New Alamein City, aiming to turn it into a hub for tourism and investment, Assistant Housing Minister for Technical Affairs Abdel Khalek Ibrahim said on Sunday. Speaking at the tenth edition of the Builders of Egypt Forum, Ibrahim said the government targets attracting 8 million visitors to New Alamein in 2025, with 60 per cent expected from Egypt, 30 per cent from Arab countries, and 10 per cent from other international markets. "New Alamein is positioned as a key driver of sustainable development, combining tourism, investment, and support for national projects," Ibrahim said. Despite only 20 per cent of the city's area being allocated for tourism, New Alamein is expected to generate significant revenue this year. The city will offer around 40,000 hotel rooms, he added. The city also supports national agricultural projects, including Mostakbal Misr and the New Delta, which are central to Egypt's food security and land expansion plans. Around 2 million square metres have been designated for administrative offices for investors, alongside residential and tourism towers and industrial logistics zones. Ibrahim said the government plans to offer tourism and investment areas to global firms with experience managing large-scale projects, following the model used in the New Administrative Capital, where Chinese companies were contracted to oversee the towers district. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
