Metawee Group for Real Estate Investment and Tourism announced the launch of its new project Blue Blue with total investments of EGP 750m.
Metawee added that the company offers facilitations in payment for up to five years without benefits, with down-payments starting at 10% of the property’s value, due to the current economic conditions in Egypt.
The Blue Blue project is expected to provide 5,000 labour job opportunities until it is completed, according to a statement issued by the group Tuesday.
Aya Shenawi, head of the Marketing Division at Metawee Group, revealed that the group is currently negotiating with a group of hotels for the establishment of an international hotel, as well as a number restaurant franchises.
The project has 12,000 sqm of water bodies divided into four areas, Shenawi added.
The project will be built on an area of 120,000 sqm, featuring a range of chalets of various sizes.
Shenawi noted that all the resort’s units are designed on two levels to allow them to overlook the sea.