Added Value

The Al Mahrousa City Project in Al Ayat is considered a large developmental project that will return benefits to Egypt and will constitute an important pillar of the Egyptian economy. The project will contribute to providing urban assistance to northern Upper Egypt and will serve millions of people. It will change the face of the entire region and provide various logistical services to the citizens, such as providing multiple types of residential buildings in accordance with various income groups, as well as providing schools, universities, and hospitals equipped with the latest technology. The project will open a new global window to Egypt by establishing a new international airport in accordance with the latest international standards, as well as villages with new commerce and goods. Additionally, the project will increase the ratio of agricultural areas and green spaces for the state with thousands of acres of reclaimed and cultivated land.  Below are some points that demonstrate the importance of the project and the value that it will add to the national economy:

 

  • Improving the image of the Egyptian investment environment by undertaking large projects, which will only lead to attracting investment
  • Providing various services to the citizens and contributing to the improvement of the standard of living.
  • Providing food commodities to the population at reasonable prices.
  • Raising the quality of local production and increasing confidence in it, thereby reducing imports and providing hard currency.
  • Employing hundreds of thousands of young Egyptians and attracting the talented workers among them, thereby reducing the country’s brain drain.
  • Strengthening Egyptian GNP by attracting foreign investment, providing job opportunities, and boosting exports.
  • Raising confidence in the Egyptian economy by attracting investors and international financiers.
  • Putting Egypt on the global financial map by establishing a global financial center on the land of the project.
  • Providing more than 250 thousand permanent jobs, which will provide the state with 37 billion Egyptian pounds, enough to provide opportunities for young Egyptians
  • Providing more than a million jobs during the construction phase.
  • Contributing to resolving traffic congestion problems in Cairo.
  • Increasing agricultural exports.
  • Contributing to the conservation of agricultural land.
  • Reducing migration from Upper Egypt to the principal cities, such as Cairo and Alexandria.
  • Changing the demographic map in three provinces: Fayoum, Beni Suef, and Giza.
  • Reducing constraints on facilities in Cairo.
  • Supporting urban transformation and social development.
  • Providing a planned urban environment in accordance with the latest international standards in order to serve middle and lower income populations, thereby contributing to a reduction in crime and a boost in creativity.
  • Supporting state efforts for environmental protection and pollution reduction.
  • The project will work on attracting residents from densely populated areas in an effort to reduce pollution rates.

Egypt-Gulf for Investment & Development

The Egypt – Gulf Company for Investment and Development, S.A.E. (formerly known as the Egyptian – Kuwaiti Company for Investment and Development, S.A.E.) was founded in accordance with the applicable laws of the Arab Republic of Egypt, the provisions of Law No. 8 of 1997 of issuing guarantees and investment incentives, and the provisions of Law No. 159 of 1981 of issuing joint-stock companies with a capital of 3.8 billion Egyptian pounds paid from 381 million Egyptian pounds.

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