OPEN// PM tours Downtown Towers project in New Alamein
He received updates from Housing Minister Sherif el Sherbiny atop the 66th floor of the iconic tower, the tallest on the Mediterranean at 250 meters.
The project includes four additional towers at 200 meters high housing a total of 2,631 residential units, 231 commercial units, and 114 administrative units.
The minister added that work is ongoing on artificial crystal lagoons covering 108 feddans, featuring leisure and retail islands.
Downtown Alamein also includes 40 residential buildings with 1,320 units and over 75,000 square meters of commercial space. So far, 705 residential and 13 commercial units have been delivered.
The Premier also reviewed the Downtown expansion area, which includes 896 additional units and has surpassed 85% completion.
Additionally, he followed up on the overpass at C19 Road and railway intersection, and utility infrastructure for the 748-feddan Chinese Towers zone. (MENA)
H A T/M N E

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Middle East
13 hours ago
- Middle East
OPEN// PM affirms no plans to sell state assets
NEW ALAMEIN, July 23 (MENA) - Prime Minister Mostafa Madbouli said the government does not plan to sell state-owned real estate or assets but aims to maximize returns through improved management. During a press conference after the weekly cabinet meeting in New Alamein city on Wednesday, Madbouli noted that partnerships with the private sector or foreign investors will help run and expand these assets, affirming that some properties cannot be sold due to legal and historic protections. The premier also added that the government is focusing on boosting tourism in New Alamein by expanding hotel capacity and year-round attractions. He noted that international tourist numbers visiting the city are on the rise, and the city is no longer seasonal. With new industrial zones, New Alamein is expected to become a permanent residence and job center. Additionally, Madbouli confirmed that work at El Dabaa nuclear project is progressing, with minor delays being addressed. He revealed that the site now employs around 24,000 workers, 80% of them are Egyptians. The plant, once complete, will include four reactors and is expected to produce more than double the electricity generated by the Aswan High Dam. Madbouli stated that despite the high initial cost, the plant will reduce the need for imported fuel and generate long-term savings. (MENA) H A T/S R E


Middle East
13 hours ago
- Middle East
OPEN// PM follows up efforts to reduce public debt to GDP ratio
NEW ALAMEIN, July 22 (MENA) - Prime Minister Mostafa Madbouli said the government continues its efforts to maintain a sustainable downward trend in external debt, while focusing on attracting more new foreign investments to exploit promising investment opportunities in various sectors. Madbouli made the comments during a cabinet meeting that he held on Tuesday to review the measures aimed at reducing public debt to the Gross Domestic Product (GDP) ratio. The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, Minister of Finance Ahmed Kouchouk and Deputy Minister of Finance Yasser Sobhi, said Cabinet Spokesman Mohamed El Homsani. The spokesman stated that the meeting addressed several topics, including managing and regulating external debt, as well as the measures to cut public debt and diversify the investor base, currencies and markets. The meeting also underlined the importance of achieving the required balance between maintaining the set ceiling for investment spending and reducing reliance on foreign loans, in addition to strengthening partnerships with the private sector, according to the spokesman. (MENA) A I E/M R E


Middle East
a day ago
- Middle East
OPEN// FM affirms full support for development projects in Chad
CAIRO, July 21 (MENA) – Minister of Foreign Affairs, Emigration and Egyptian Expatriates Affairs Badr Abdelatty Monday reaffirmed government's full support for development projects in Chad, particularly in the domains of infrastructure, energy, education, health, agriculture and capacity building. Abdelatty made the remarks during a short visit to the Chadian capital, N'Djamena, on Monday ahead of beginning of his West Africa tour, where he met with Chad's Minister of Foreign Affairs Mahamat Saleh Annadif. During the meeting, both sides exchanged views on key regional issues of mutual concern, a top of which is the situation in the Sahel and the Horn of Africa and their implications for the stability of the continent. Abdelatty praised the recent advancement of Egyptian-Chadian relations, highlighting top priority attached by Egypt to finalizing the land road project linking Egypt and Chad. He emphasized the importance of the project for boosting trade exchange and facilitating the movement of people and goods between the two countries. Abdelatty expressed readiness of Egyptian companies to support Chad's efforts in constructing dams and rainwater harvesting wells. Furthermore, he emphasized Egypt's commitment to supporting the establishment of a diplomatic studies institute in Chad to train Chadian cadres. He also voiced support for the prompt finalization and inauguration of the Alexandria University campus in N'Djamena. (MENA) A A E/M O H