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Egyptian developer Empire State Developments has signed a partnership agreement with El Captain Developments Company to develop Cyan tourism project in Ras Sudr.
The company said in a press statement that the 14-acre development, Empire State’s first tourism-oriented project, will comprise of studios, chalets and villas, entertainment areas and a hotel.
The statement said construction has started and would be completed in three years.
(Writing by Eman Hamed; Editing by Anoop Menon)