Master Group, for construction and development, has exhibited its first project in Ain Sokhna dubbed Ibiza chillout at the NextMove exhibition in Egypt between 17-19 October, with discount reaching 15% for purchased units at the exhibition.
Chairperson of the company, Muhammad Lasheen said that the company plans to invest EGP 3bn in Ibiza chillout project on an area of 27.5 feddan.
Lasheen noted that Ibiza chillout is the company’s third project after The City and The City Valley, in the New Administrative Capital.
He pointed out that the two projects’ investments amounted to EGP 12bn.
The new project is a result of the confidence the Master Group has in the Egyptian market. The new project will fall under leisure tourism and is predicted to do very well as Egypt’s geographical location and constant moderate weather offers prime conditions for it, he elaborated.
Lasheen added further that Ain Sokhna is planned to include more than 200 hotel rooms, outdoor swimming pools, and sports activities as well as the most luxurious sauna and health club, which will make the city a tourist destination for domestic and foreign tourists throughout the year.