The Cabinet, in its meeting today chaired by Dr. Mostafa Madbouly, approved the establishment of an investment zone, “Project 205,” which is allocated to establish an integrated urban project “commercial, hotel, entertainment, administrative, residential with hotel services, medical, service, educational” on an area of approximately 205 acres, in the central axis of Sheikh Zayed City, Giza Governorate, with the license granted to Arkan Palm Real Estate Investment Company “the developer” to establish and develop the stipulated investment zone. This comes within the state’s plan to establish various investment activities in new cities.