{"id":195,"date":"2025-09-08T12:52:01","date_gmt":"2025-09-08T12:52:01","guid":{"rendered":"http:\/\/wpresidence.net\/?p=195"},"modified":"2025-09-08T14:59:29","modified_gmt":"2025-09-08T14:59:29","slug":"video-in-slider","status":"publish","type":"post","link":"https:\/\/urbanprimeestate.com\/en\/video-in-slider\/","title":{"rendered":"Emaar Misr and Citystars Unveil Landmark Red Sea Development"},"content":{"rendered":"<p data-start=\"296\" data-end=\"635\">Egypt is set to welcome one of its largest-ever tourism investments as <strong data-start=\"367\" data-end=\"381\">Emaar Misr<\/strong> and <strong data-start=\"386\" data-end=\"410\">Citystars Properties<\/strong> join forces for a massive Red Sea project valued at <strong data-start=\"463\" data-end=\"510\">900 billion Egyptian pounds ($18.5 billion)<\/strong>. The announcement, shared by Egypt\u2019s cabinet, underscores the country\u2019s growing ability to attract major Gulf investments.<\/p>\n<p data-start=\"637\" data-end=\"969\">The project, named <strong data-start=\"656\" data-end=\"675\">Marassi Red Sea<\/strong>, will extend across more than <strong data-start=\"706\" data-end=\"751\">2,426 feddans (approximately 2,518 acres)<\/strong> of prime Red Sea coastline. Plans include the construction of <strong data-start=\"814\" data-end=\"834\">12 luxury hotels<\/strong>, alongside infrastructure that is expected to generate as many as <strong data-start=\"901\" data-end=\"917\">170,000 jobs<\/strong> across both construction and hospitality sectors.<\/p>\n<p data-start=\"971\" data-end=\"1272\">According to government statements, the development should be completed within <strong data-start=\"1050\" data-end=\"1064\">four years<\/strong>, cementing its role as a transformative tourism hub for the region. Once operational, the project is forecast to produce <strong data-start=\"1186\" data-end=\"1220\">$200 million in annual revenue<\/strong>, Emaar Misr chairman Jamal Bin Theniyah revealed.<\/p>\n<p data-start=\"1274\" data-end=\"1631\">For <strong data-start=\"1278\" data-end=\"1303\">Emaar Properties PJSC<\/strong>, Dubai\u2019s largest developer, the project represents another milestone in its long-term commitment to Egypt. Founder <strong data-start=\"1419\" data-end=\"1438\">Mohamed Alabbar<\/strong> noted that with Marassi Red Sea, the company\u2019s overall investments in the country will rise to <strong data-start=\"1534\" data-end=\"1556\">around $35 billion<\/strong>. Emaar Misr and Citystars will each hold a <strong data-start=\"1600\" data-end=\"1613\">50% stake<\/strong> in the venture.<\/p>\n<p data-start=\"1633\" data-end=\"1824\">This deal follows a wave of major Gulf investment in Egypt, including a landmark <strong data-start=\"1714\" data-end=\"1753\">$35 billion UAE agreement last year<\/strong> focused on developing extensive areas along the Mediterranean coast.<\/p>\n<blockquote data-start=\"1826\" data-end=\"1909\">\n<p data-start=\"1828\" data-end=\"1909\"><em data-start=\"1828\" data-end=\"1907\">This report is based on coverage from Bloomberg News\u00a0<\/em><\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>Egypt is set to welcome one of its largest-ever tourism investments as Emaar Misr and Citystars Properties join forces for a massive Red Sea project valued at 900 billion Egyptian pounds ($18.5 billion). The announcement, shared by Egypt\u2019s cabinet, underscores the country\u2019s growing ability to attract major Gulf investments. The project, named Marassi Red Sea, will extend across more than 2,426 feddans (approximately 2,518 &#8230;<\/p>","protected":false},"author":1,"featured_media":18369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[19,20,21,22],"tags":[25,26,27],"class_list":["post-195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selling-properties","category-location","category-price","category-real-estate","tag-manhattan","tag-new-york","tag-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/posts\/195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/comments?post=195"}],"version-history":[{"count":1,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/posts\/195\/revisions"}],"predecessor-version":[{"id":22429,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/posts\/195\/revisions\/22429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/media\/18369"}],"wp:attachment":[{"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/media?parent=195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/categories?post=195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbanprimeestate.com\/en\/wp-json\/wp\/v2\/tags?post=195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}