21 October 2019
Egyptian developer Master group expects to start construction of its Ibiza Chillout project in Ain Sokhna by the end of 2019, a company executive told Thomson Reuters Projects.

Sales Executive Bishoy Kamal said the project would include 712 chalets housed in 27 buildings, six villas, a 4-star hotel and a commercial mall.

He said construction is scheduled to complete by end-2022 but declined to elaborate on project costs.

(Reporting by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Our Standards: The Thomson Reuters Trust Principles

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

For more data, analytics, tools and news on projects in the Middle East visit the Thomson Reuters Projects portal

© Thomson Reuters Projects News 2019