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Egypt receives bids for tourist projects on Red Sea coast

: Monday, March 10 - 2014 @ 00:14

Egypt’s tourist development authority (TDA) has said it received 64 applications to establish seven tourism investment projects on the Red Sea coast, worth some EGP3bn ($400m), Ahram has reported. The main ventures proposed by the TDA on the Red Sea coast in South Sinai and Suez governorates include a medical tourism project, tourist resorts and a marina to link the beach cities of Ain Sokhna and Ras Sedr.

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Monday, March 10- 2014 @ 0:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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