US$800 mil in Arab investments to build new city in Sinai | Egypt Independent
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An agreement has been signed with the Arab Women Investors Union to build a new city in Sinai on an area of 70,000 square meters and at an investment cost of US$800 million.
Tarek bin Obaid, secretary general of the Euro-Arab Environment Organization in Geneva and president of the Environment Development Bank in Abu Dhabi, said the city would offer integrated services of clean energy projects and medical tourism.