Egypt: Two tourism projects to cost $200 million

The Egyptian Ministry of Tourism signed contracts for two tourist projects to be managed by Meridian International series with investments estimated at $200 million.

The first contract is for a project to be located in Marsa Alam on the Mediterranean Sea and the second will be in Ras Sedr in the area.

The two projects will add 400 five-star hotel rooms and will be inaugurated before the end of the coming year.

Egyptian Minister of Tourism Mamdouh El-Beltagi told ArabicNews.com that the projects will comprise establishing villas, huts, swimming pools, gardens, restaurants, and two golfing clubs.