Al Kharafi Group has launched its latest project 'Wadi Ghalib' residential resort at the Cityscape Exhibition at the Cairo International Convention Centre in Egypt.

 

The resort will offer a variety of residential units, including villas, townhouses and flats, to suit the needs of its wide client base, said a statement.

 

In addition to Wadi Ghalib, Al Kharafi is showcasing its other current and pipeline projects in Port Ghalib City located in Marsa Alam and overlooking the Red Sea, it said.  

 

Hussam Al Kharafi, chief executive officer, MAK Holding for investment, an affiliate of Al-Kharafi, said: “Al Kharafi Group has been operating in Egypt for more than 50 years, investing in various sectors including real estate, industry, food processing, utilities and services, IT and education.

 

“Port Ghalib is yet another step in Al Kharafi’s investment plan for Egypt, and is projected to be an integrated, unique destination, introducing a new, creative concept to the local real estate sector. With the significant investments pumped into Port Ghalib, we are developing a project that will offer a new lifestyle experience, along with luxurious entertainment and leisure services."

 

"The Egyptian market is one of the most promising markets in the region, with unmatched diversity and untapped potential. As such, we’re keen to showcase our ambitious plans, and demonstrate our commitment to expanding our operations in Egypt through further investments and job opportunity creation," he added.

 

Located along the shore of the Red Sea, Phase One of Port Ghalib spans 8 million sq m. Port Ghalib currently houses six operational hotels, with a total of 1,500 rooms, in addition to an international marina that accommodates more than 1,000 yachts. 

 

Its marina has been developed according to the latest international standards and was named by the local Maritime Transport Authority as the Best International Touristic Marina in Egypt in 2015, for the ninth year in a row. 

 

Furthermore, the marina has been licensed by the Egyptian government to provide visa services, customs clearance and sailing permits. 

 

Port Ghalib offers a wide range of commercial and entertainment services for residents and guests, in addition to a conference center that accommodates 2,000 individuals.

 

Upon completion, Port Ghalib will house 11 villages, world-class residential areas, 23 luxurious hotels, an international golf course, commercial and administrative buildings, sporting and social clubs, a retail area, as well as education and training facilities, said the statement.

 

The total number of residential units in Port Ghalib has been planned to be 8,200 units. 

 

In addition to the unmatched offerings for visitors, Port Ghalib will develop a wind farm to generate electricity in addition to a solar power plant. 

 

Both projects will be developed according to state-of-the-art international standards. These power generating projects will be constructed on an area of 2.5 million sq m to provide clean, sustainable and self-sufficient energy for the entire city. - TradeArabia News Service