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International airport to be built in Sinai with Kuwait-Egyptian capital
Egypt-Kuwait, Economics, 11/30/1998
The head of the organization for tourist development in Egypt, engineer Adel Radi announced today that it was agreed to establish a Kuwaiti-Egyptian joint company to build the Ras Sedr airport in three years, according to the B.T.O system recently ratified by the Egyptian government for establishing an administration for infrastructure projects as well as other major ones. In statements to ArabicNews.com, Radi said that the airport is to costs 150 million pounds in the first stage and is 20 kilometers away from the tourist city.
The Ras Sedr area features many tourist projects.
Previous Stories:
Increasing the commercial exchange between Egypt and Kuwait
(6/9/1998)
Free trade between Kuwait and Egypt
(3/24/1998)
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