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Nile Corniche prject...one of QD's biggest projects in Egypt

Qatari Diar wins approval for Egypt tourism project

CAIRO, January 26, 2015

The Egyptian Ministry of Defence has approved the implementation of a tourism project to be developed by Qatar-based real estate company Qatari Diar (QD), a report said.

The project was earlier proposed by the country’s Tourism Development Authority (TDA).

Serag El-Din Saad, head of the TDA, confirmed that the project will include hotels and shopping malls, said a report in Daily News Egypt.

The project will feature residential components also, including villas, townhouses and apartments.

The EGP16-billion ($2.16 billion) project will cover a total area of 43,000 sq m in North and South Sinai.

Currently, QD has two major projects in Egypt. One of them extends along the Nile Corniche, and the other is a big hotel in Sharm El-Sheikh.




Tags: Egypt | Qatari Diar | Sinai |

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