Plans to develop $1.1bn safari park in Egypt
A consortium led by Egypt-based company 300 Years History has won approval from the Ministry of Housing to develop a safari park on a 1,000-acre area at an investment of $1.1 billion in Cairo, said a report.
Its partners include UK-based Chipperfield Companies Group, Canada’s Maple Leaf, a Saudi investor, and a Russian company.
The Safari Park, the seventh project of this kind, is likely to be implemented within five years, reported the Daily News Egypt.
The project, which will come up at 6th of October City, includes an African-themed five-star hotel to be developed by Canada’s Maple Leaf and Midheaven, specialists in construction and managing hotel rooms and resorts, and managed by leading South African animal reserve Glen Afric.
A commercial mall for international English trademarks will also be established, the report added.
Source: Trade Arabia