Cairo – Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment on Wednesday announced it was chosen to implement the Dead Sea project in Jordan in collaboration with one of the Jordanian syndicates.
The project will span over 10 acres, directly fronting the Dead Sea, the Egyptian real estate firm said in a filing to the Egyptian Exchange (EGX).
The EGX-listed property developer noted that the project is still under study.
In June, chairman of Marseilia Group revealed that the company was planning to execute EGP 20 billion projects in Cairo and Alexandria within five years, a top official has said.
In January, Marseilia signed a memorandum of understanding (MoU) with the Dubai-based Amlak Finance to develop a project under the supervision of National Bank of Egypt (NBE).