Egypt’s Mariout Hills to reportedly complete $168m Eco City by 2023
Thomson Reuters reports 81ha mixed-use scheme to be developed in two phases and comprise a hotel
Egyptian developer Mariout Hills has reportedly confirmed that it will complete its sustainable Eco City project, worth $168m (AED617m), by 2023, with the 81ha mixed-use scheme to be developed in two phases.
According to Thomson Reuters, Mariout Hills chairman, Ahmed Hassan, said the hotel would use solar energy and air condensation for its power and water requirements.
The chairman said four contractors had been appointed to work on the project, but did not reveal their names.
Hassan added that Phase 1 would include a four-star hotel spanning 46.5ha, with the second phase to include 288 homes and a commercial area for 13 organic food outlets.
He added: “The first phase will have a 2 MW solar power plant and a 5,000-litre per day water production plant based on air production technology."
Phase 1, according to the chairman, is scheduled for completion in 2022, and discussions are ongoing with a Swiss hospitality firm to manage the hotel, according to the report.