“Marseilia” Signed A Partnership Contract To Set Up…

“Marseilia” Signed A Partnership Contract To Set Up A Tourism Project Marsa Matrouh

Board of Directors signed “Marseilia Egyptian Gulf Real Estate” hold a participation agreement with the occupants of the Union, Mr. Abdulrahman on a piece of land located area of Sidi Abdel Rahman – North Coast – Mersa Matrouh governorate, amounting to 100 acres for the establishment of a tourism project.

The statement said the company received “direct”, a copy of that 40% of the occupants of the Union, Mr. Abdulrahman , while the proportion of the company “Marseilia Egyptian Gulf Real Estate Investment” (60%). He pointed out that the project is the establishment of a tourist village services is an integrated, palaces and villas and chalets units .

The statement added that the investment cost of the project is 1.5 billion pounds, ranging from the expected profitability of 15: 20%, and two-phase project will be implemented over 4 years, and projected earnings are collected for each phase separately after delivery, according to the Egyptian Accounting Standards.

Loading...