Palmier Real Estate to launch Marsa Matrouh tourist resort with investments worth EGP 140m
The resort will be located on 10 acres of land, says chairperson
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Talks with Saudi Arabia on constructing $4bn resort in Sharm el-Sheikh: Zaazou
Financed with Saudi capital, the project has been dubbed the largest tourist resort
Hotel, resort reservations to increase 20% next winter: Tourism Minister
Ministry of Tourism working to increase tourist flow to Egypt by 20% by end of year, bringing tourist numbers up to 12 million
High accident rates threaten Red Sea tourism: Ministry official
Accident rates increased 200% over the past four years due to lack of ministerial oversight on diving and other tourist services
Spain lifts travel warning to South Sinai resort areas
Foreign Minister Nabil Fahmy is currently on a two-day visit to Spain
Finance Ministry to reassess taxes on hotels and resorts
Egypt’s Finance Ministry rules that real estate taxes for hotels will now be determined by their “market replacement value”
Power cuts and strikes plague Hurghada tourism
In the resort city power cuts are exacerbated by airport police officers and security guard strikes
