Egypt's Al Ahly For Real Estate Development Company is set to hand over 1,286 housing units in Amwaj project by early next year, said a report.

The project is being developed at an investment of E£2 billion ($225.2 million) at Sidi Abdel Rahman bay on the North Coast 25 km of Alexandria region, reported Amwal Alghad, citing its chairman.

Al Ahly would carry out giant expansions in its Amwaj project over the next two years which will involve building of some hotels as part of the leisure facilities, said Hussein Sabbour.

Al Ahly will partner with foreign specialised companies to run these hotels in Amwaj, he added.