October Plaza is an Egyptian real estate development located in the 6th of October City, a suburb of Cairo. The development is situated on an area of 4.2 million square meters and is one of the largest and most ambitious projects in Egypt. The development consists of a mix of residential, commercial, and recreational facilities.
The project is divided into six phases, with the first phase being completed in 2021. The first phase includes the construction of a shopping mall, a business district, and a residential area. The second phase includes the construction of a hotel, a hospital, a school, and other public facilities. The third phase includes the construction of a water park and a golf course.
The development is designed to create a modern, vibrant city center that will attract businesses and people from around the world. It is expected to create up to 30,000 jobs and generate up to $2 billion in revenue.
The project is being funded by a consortium of investors led by the Egyptian government. The government is investing $1.5 billion in the project and is providing additional funding to ensure its success. The project has also been supported by several international organizations, including the World Bank, the International Finance Corporation, and the Islamic Development Bank.
October Plaza is expected to become a major tourist destination in Egypt and will serve as a gateway to the rest of the country. It is expected to attract millions of visitors each year, making it an important part of the country's economy.