TDA, Sinai Curative Tourism Reconcile….Meter Price Reaches $7.5

Tourism Development Authority (TDA) has reconciled with Sinai Curative Tourism Company, to raise the price of meter from $1 to $7.5.
A reliable source in TDA referred that the authority has withdrew the land to halt the company implementing its project, a health resort in Hamam Faraun since 2006.
The source said further TDA’s board agreed on turning back the land to the company in return for getting approval from the contributors to change the land’s price, due to the necessity of the venture as a curative tourism one in Hamam Faraun, moreover, the company injects investments and concrete structures, their cost reaches EGP 30 million.
The source emphasized the necessity of the venture for the tourism sector, due to it is a distinguished area that has sulfurous water.