Establishment of a Pilot School
Project Description
A unique opportunity to establish a pilot school on vacant land in a prime location on Wadi El Natrun – El Alamein Road, which is suitable for tourism and hotel activities. The site is in a prime location on the Marsa Matrouh Corniche. Urban planning has been approved and there are no legal disputes.
Incentives granted by the governorate are stipulated in Investment Law No. 72 of 2017 and its executive regulations.
Project Location:
Anwar Sadat Street, Sidi Barrani City, Matrouh Governorate
Lead Agency/ Project Promoter:
Matrouh Governorate
Project promoter: General Authority of Investment and Free Zones
Contact
Matrouh Governorate
Physical Address: Alexandria St, Matruh
Current Status/ Stage of Project:
Land Available: 10,000m2
Utilities available
Licences required from the investor: Approvals from relevant authorities and building permits.
Documents required from the investor: Original commercial register, copy of tax card, copy of national ID card, proof of financial solvency, company articles of association, investment statement, financial, technical, and legal feasibility study and company work history.
Requirements and controls governing the opportunity: Requirements stipulated in Investment Law No. 72 of 2017 and its executive regulations.
Actions Required/ Implementation Arrangements/ Contract Type:
Land allocation method: Usufruct
Remarks:
Average occupancy rates throughout the year: 100% in the summer, 15% in the winter.
Average room operating costs by classification (cost of materials, facilities, services): Estimated according to the costs included in the feasibility study submitted by the investor.
Average number of tourists: 8 to 10 million Egyptian tourists, 100,000 foreign tourists per year. The governorate is targeting foreign tourism.
Laws regulating tourism facilities: Law No. 8 of 1922
Expected workforce size (technical/administrative) and average wages for the required specialization: According to the feasibility study submitted by the investor upon applying for the opportunity.
For more information: https://www.investinegypt.gov.eg/English/Pages/exploreMap.aspx?oppId=25125
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Country
Egypt
Location (s)
Matrouh/ Sidi Barrani
Sector
Services
Sub Sector
Education
Investment Value Range
Not Available
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