ArabFinance: Zamalek's Cairo Eye project was rolled out on January 21st to be home to an EGP 500 million ferris wheel, Al Shorouk reported.

The 20,000 square meter project is slated to be operational next year, aiming to attract 2.5 million visitors per annum, Ahmed Metwally, chairman of Hawai Company for Tourism and Investment, said.

He added the development will provide 5,200 direct and indirect jobs.

The New Urban Communities Authority recently suspended all real estate auctions in new cities as a precautionary measure amid the COVID-19 breakout.

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