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84 tourist projects worth LE 5 billion in Sinai
Egypt, Economics, 8/28/1998
The Egyptian Ministry of Tourism agreed today to continue the administration of tourist establishments and hotels in Ras Sedr resort with an Italian company for 1.5 million pounds for a period of 10 years.
The area is distinguished by its marine creatures, desert plants, pharaoh's baths and historic connection to Moses.
Engineer Adel Radi, head of the governmental tourist development organization responsible for this project said that the Ras Sedr area comprises 7 tourist centers that contain 84 projects of LE 5 million and that it provides 75 direct and indirect work opportunities, with a hotel capacity of 25,000 rooms.
Previous Stories:
Tourists coming back to a favorite place, bringing 10 billion pounds
(8/12/1998)
Cairo denies pressuring Israeli embassy
(7/30/1998)
Alexandria's San Stefano hotel sold to Prince Al-Walid group
(7/16/1998)
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