Orabi: The company is implementing a 4.6 thousand square meter tourist hotel in “New Damietta”
“Deyaar Real Estate Development” company is implementing a number of projects in the local market, with investments reaching one billion pounds, in addition to other projects in the Kingdom of Saudi Arabia.
Dr. Tariq Orabi, Chairman of the Board of Directors of Deyaar Real Estate Development Company, said that the company is implementing a hotel project on an area of 4.6 thousand square meters in New Damietta city, and the total building area of the project is 7.5 thousand square meters, and the hotel is in the category of 4 stars.
He added to the “stock exchange” that the company has assigned the management of the project to the “Azure” company to manage hotels and resorts.
Orabi explained that the company is implementing a commercial mall on an area of 12 thousand square meters in New Damietta, and it is scheduled to open the mall this year.
He said that the company participates 15% with the “Babylon” company in the two administrative projects of “Senator” established on an area of 2.9 thousand square meters, and the “” Heritage “administrative project with an area of 2.6 thousand square meters, in the New Administrative Capital.
He added that the company is managing the two projects and developing plans and timetables for implementation, and that the two projects are scheduled to be delivered within 3 years.
He explained that the company has a contracting arm that implements several projects in Saudi Arabia, including a housing complex in Riyadh on an area of 30,000 square meters, with investments of 50 million riyals.
The article “Diyar” development of real estate projects with investments of one billion pounds was written in Al-Borsa newspaper.