Plans for development of the waterfront area around the Alexandria library have been announced: "Emaar Misr for Development S.A.E., a subsidiary of the UAE-based Emaar Properties and Artoc Group for Investment and Development has signed a Memorandum of Understanding (MoU) with the Alexandrina Bibliotheca (Alexandria Library) for a waterfront redevelopment project. Following the success of the inauguration of the new Alexandria Library in 2002 on the eastern harbour of Alexandria – almost exactly where the ancient Library of Alexandria stood, the redevelopment project aims to provide a spectrum of facilities on ‘Kouta Land’ on the west of the library, within a general vision for the whole area around the library and the entire historic old east harbour area."
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