Mohamed Mansour, Al Oula Developments Chairman Company, said that the state played a significant role in developing New Alamein City in a record time and with high implementation rates, pointing that the achievements in this city reflects the state’s strategic vision for urban expansion and the development of the Northwest Coast.
Mansour added during his speech at the Mediterranean Investment Gateway (MIG) Forum, that New Alamein City and the Northwest Coast in general become among the most promising areas in attracting real estate and tourism investment, both locally and globally, due to the diverse and promising investment opportunities this entire region offers.
He showed the importance of fourth-generation cities in achieving an urban boom in Egypt, given the scale of infrastructure the state is implementing in these cities, which makes them representatives of the urban development furure in Egypt, pointing that these cities are not merely new urban expansions, but integrated projects that depend on modern technology, artificial intelligence, and sustainability applications, which positively impacts the quality of life and enhances the competitiveness of the Egyptian real estate market regionally and globally.
Mansour reviewed Al Oula Developments’ projects portfolio in West Cairo, emphasizing that the company has successfully implemented a number of distinguished projects that apply the needs of diverse clients segments and also reflect the company’s plans to expand into promising districts that aligns with the state’s vision for urban development.