Egypt has embarked on an ambitious new tourism project, dubbed "South Med," on the country's picturesque North Coast. This colossal undertaking, valued at a staggering $21 billion (EGP 1 trillion), represents a public-private partnership between the Egyptian government and Talaat Moustafa Group Holding (TMG), a leading private sector entity. A Vision for Booming Tourism and Economic Growth The "South Med" project is envisioned as a cornerstone of Egypt's tourism sector, aiming to significantly bolster tourist arrivals by 2030. This strategic objective will be pursued through the development of over 2,000 luxurious hotel rooms and a substantial number of residential units with a unique rental program directly linked to the hotel system. This integrated approach is designed to maximize year-round occupancy and generate substantial revenue. Furthermore, the project is expected to create a significant number of jobs, with estimates suggesting a staggering 1.6 million direct employment opportunities will be generated during the construction and operation phases. This economic windfall is projected to contribute substantially to Egypt's national strategic plan. A Luxurious Destination Beckons Global Tourists Strategically situated between kilometers 165 and 170 west of Alexandria, "South Med" boasts excellent accessibility. The project is merely a 15-minute drive from Alamein Airport, ensuring seamless travel for tourists. Encompassing a vast area of 23 million square meters, "South Med" is being meticulously designed to cater to a global audience. The project will feature a world-class marina capable of accommodating yachts and tourist ships, creating an atmosphere of luxury and leisure. TMG, the project's private sector partner, emphasizes the significance of "South Med" as a public-private partnership. This initiative aligns perfectly with the government's strategy to actively encourage private sector participation in driving economic growth throughout the nation. Unprecedented Sales Signal Confidence The project launch has already garnered remarkable success. During the first 12 hours after reservations opened, a staggering EGP 60 billion in sales was achieved, setting a record for both Egypt and the Arab region. This overwhelming response signifies the immense investor confidence and enthusiasm surrounding "South Med." Q&A: South Med Tourism Project What are the key features of the "South Med" project? - Luxurious hotel rooms and residences with a unique, hotel-linked rental program. - A large international marina designed to accommodate yachts and tourist ships. - A strategic location with easy access from Alamein Airport. How will "South Med" contribute to the Egyptian economy? - It is expected to significantly increase tourist arrivals by 2030. - The project is estimated to create 1.6 million direct jobs. - It will generate substantial revenue through sales and ongoing operations. What makes "South Med" unique? - The public-private partnership between the government and TMG. - The project's scale and luxurious offerings designed for global appeal. - The record-breaking sales figures achieved during the launch phase.
SouthMED is located in Dabaa, North Coast. The developer of SouthMED is Talaat Moustafa.
The completion date for SouthMED is and the finishing for the properties are Fully Finished.
The starting price of properties in SouthMED is Ask for price .The downpayment for a property in SouthMED is starting at Ask for price or Ask for price. The number of installments for a property in SouthMED is 60 installments and has a payment plan of 15 years. The monthly payment of a property in SouthMED Ask for price