Egypt Receives Qatari Tourist Offer with EGP1.9 bln in Investments

Egypt has recently received a Qatari offer to establish tourist enterprises with EGP 1.9 billion in investments.

The Head of the Executive Office of Egypt’s Tourism Development Authority (TDA) Serag El-Din Saad has revealed on Thursday five new offers to implement tourist projects with total investments worth EGP 2.550 billion.

Saad said the five offers were made by 4 Egyptian firms besides a Gulf-based one.

A Qatar-based firm has offered to carry out Marina tourist project at Sharm El-Faqiri area on a space of  5.048.847 m2 with EGP 1.900 billion in investments, Amwal Al Ghad has cited TDA head as saying on Thursday.

For the Egyptian companies’ offers, Saad noted that they are aiming to carry out projects with investments totaled around EGP 650 million.