(MENAFN- Daily News Egypt) Kharafi Group announced the launching of their newest real estate project, Port Ghaleb resort, in the Cityscape exhibition that is taking place on 16-19 September.
Kharafi Group's participation in the exhibition includes as well presenting the company's existing projects besides the under construction project located in Port Ghaleb city in Marsa Allam on the Red Sea shores.
In a statement on Tuesday, Hussam Al-Kharafi, Managing Director of MAK Holding for Investment, which is affiliated to Kharafi Group, said: "Port Ghaleb is expected to be an integrated and unique city. With Port Ghaleb resort, we are aiming to change the concept of the traditional tourist cities where we present a new life style through our vast experience in the tourist real estate investment sector."
Besides being a huge investment project, Port Ghaleb will provide varied job opportunities for the local market, Al-Kharafi added.
Port Ghaleb city is located on the Red Sea shores, five minutes away from Marsa Allam International Airport. The first phase of the city is on an area of 8m sqm and has all the elements to be an integrated city, not only a tourism destination.
Six hotels are already operating in the city with a total room capacity of 1,500 rooms besides an international yacht marina with a capacity of 1,000 yachts. The city also has a convention centre with the capacity of 2,000 persons.
The marina is licensed by the Egyptian government to provide all visa services and customs clearances and permits to sail. It also acts as a shipping agent.
The city is to include eleven tourist resorts when it's fully implemented, 23 luxurious hotels, golf courts, administration and commercial buildings, sports and community clubs, restaurants and a shopping zone. The total number of housing units in Port Ghaleb is recorded at 8,200 units.
According to the statement, Kharafi Group will implement a wind power plant and a solar power plant on an area of 2.5m sqm in order to achieve sustainable, self-sufficient and clean electricity.
"Kharafi Group has been operating in Egypt for 50 years now, investing in multiple sectors such as contracting, industry and food industries, facilities and services, and IT as well as educational services," Al-Kharafi said.
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