Al Masar Tourism allocates EGP 2.5B for Holy Family Path renovation project
Updated 1/8/2025 10:31:00 AM
Arab Finance: Al Masar Tourism Development intends to invest about EGP 2.5 billion to renovate the Holy Family Path, the company’s chairman Mounir Ghabbour told Asharq Business.
He added that these funds will be invested gradually until the new phase of the path opens to visitors in mid-2026.
Ghabbour also revealed that his company has begun procedures to increase capital by about 50%, to reach EGP 3 billion by February 2025, to finance new investments.
Al Masar Company will begin the first development points at Nabaa El Hamra and Wadi El Natrun, followed by Deir El Set Damiana in Damietta and Gebel El Teir in Samalut, according to Ghabour.
Al Masar was established at the end of last September, to develop services at several points on the Holy Family Journey Path in Egypt.
The Holy Family Path includes 25 points extending for a distance of 3,500 kilometers, a round trip from Sinai to Assiut. Each site includes a group of antiquities such as monasteries, churches, water wells, and a group of icons indicating the Holy Family’s passage through those sites, according to the records of the Coptic Orthodox Church in Egypt.
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