Egypt receives bids for tourist projects on Red Sea coast

March 10, 2014 12:14 am

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.