Martouh Governor Alaa Abu Zeid signed on Thursday an investment contract with the Entertainment World Company, for a joint US-Saudi Arabian investment project to establish a Disneyland-style amusement park worth $3.3 billion. The park will be built on an area of 5,080 acres in the Sidi Henaish area, in the northwestern Egyptian governorate of Matrouh. Nasr said that the theme park will be the largest foreign investment project agreed after the adoption of the new investment law and its executive regulations. The project includes the establishment of an open zoo, an aqua park, medical and sports cities, and hotels, said Abu Zeid. Meanwhile, Abu Zeid also signed a contract for a LE 1.2 billion tourism investment project with Ali bin Haider, Chairman of the Board of Directors of the Emirati company Al-Orouba for Real Estate and Tourism Investment.

Source: Egypt Independent February 01, 2018 12:22 UTC