Hi Shelly,

Just to further wet your appetites about the investment opportunities in Egypt, Damac Group has signed an agreement with Egyptian Government to come up with a 320 million sq.ft project at Gamsha bay.

The 320 million square feet Gamsha Bay project, located at the north of Hurghada will be the largest development in the region and the total value of the development is estimated to be GBP £8 billion. The Gamsha Bay project will offer residents a wide array of housing options, entertainment venues and recreational amenities including an innovative extreme sports adventure theme park. It will be divided into 9 distinct zones – Gamsha Marina, Marina Park, Coral Golf Course, Sea View Crescent, Creek Retreat, Gamsha Bay, Peninsula Luxury Villas, Downtown Gamsha and Extreme Sports World Theme Park.

I believe there is a good upside future investing in Egypt. If you need more info in this regard, email me at satish.k@damacgroup.com