Ibrahim Mahlab signs off on 8 investment projects in Marsa Matrouh worth 15B EGP
Egyptian Prime Minister Ibrahim Mahlab attends the opening meeting of the Arab Summit in Sharm el-Sheikh, in the South Sinai governorate, south of Cairo - YOUM7

CAIRO: For the first time since 2011, Marsa Matrouh is slated to receive investments worth 15 billion EGP ($1.97 billion,) Matrouh Governor Alaa Abu Zaid announced in a news conference Monday, Youm7 reported.

Abu Zaid said Prime Minister Ibrahim Mahlab signed off on the deal which will include five tourism projects, two for water mobilization and another for salt extraction from sea water.

He added that these projects will provide more than 4,000 jobs for the people of Matrouh, and over the course of four years is expected to attract 15 billion EGP in investment.

Sherif Mostafa, the General Manager of the Investment Department of Matrouh, told Youm7 that the stakeholders of the projects are “committed to support the community efforts in Matrouh.”

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