(ANSAmed) - MILAN, AUGUST 28 - The first 'Armani Residences', will be constructed on the beach of Marassi, in northern Egypt. The luxury villas will be built thanks to the cooperation between the fashion designer and Emaar Properties, which in 2005 set up 'Armani Hotels & Resorts', with the aim to develop and manage several hotels, resorts and exclusive residences in the most important cities and tourist destinations worldwide. ''When I thought of Armani Residences in Marassi, I decided to integrate several elements which will recall the serenity and peacefulness of a house on the beach'', Armani said. Each villa, ranging from 250 sq m to 500 sq m, will have a private swimming pool, while the common structures will include a commercial area with shops, a lounge on the sea, a fitness and wellness centre, a mirror swimming pool, a resort club, a film hall, several swimming pools and a solarium. The interior design and the furnishing details will be designed by Armani. The contract with Emaar envisages the opening of at least seven exclusive hotels and three holiday resorts in the next ten years. The opening of the first Armani hotel is envisaged for the last quarter of 2009, under the development project Burj Dubai of Emaar Properties, which targets to become the highest building in the world. Soon afterwards, the Armani Hotel Milan will open, while the first Armani Resort will be built in Marrakesh. (ANSAmed).