Tag: South Sinai
Business Egypt Finance Headlines

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

North Africa PostComments Off on Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]
Egypt Headlines

Riyadh to fund Egypt’s version of NEOM city in South Sinai

North Africa PostComments Off on Riyadh to fund Egypt’s version of NEOM city in South Sinai

Egypt and Saudi Arabia agreed Sunday to set up $10-billion joint fund for the development of the Egyptian side of NEOM city in the South of the Sinai restive Peninsula. The agreement took place in the presence of Saudi Crown Prince Mohamed bin Salman, or MBS, who is paying a three-day visit to Cairo. The […]
Egypt Headlines

Egyptian Tourism Bets on Campaigns to Boost Sector

North Africa PostComments Off on Egyptian Tourism Bets on Campaigns to Boost Sector

Egyptian tourism professionals pin high hopes on campaigns to revitalize the sector which has been badly hit by repeated terror attacks that scared off foreign tourists. In 2014, nearly 10 million tourists visited the North African country, bringing with them $ 7.5 billion in revenues against the 14.7 million tourists that visited Egypt in 2010, […]