Saudis plan resorts off Egypt’s Red Sea coast

Published June 5th, 2001 - 02:00 GMT

Two new tourism resorts are planned in Egypt’s Marsa Alam region, at an estimated base cost of 400 million Egyptian Pounds ($103 million), according to Ibrahim Malek, chairman of the Saudi companies involved in the project ― Malkiya Real Estate Development Company and Amanco Engineering Contracting and Investment Company  

 

According to a report in Al-Hayat daily, the resorts will stand over a 1.8 million square meter area. The first resort plan consists of a 334-room hotel, 125 villas and several swimming pools, while the other will include a 315-room hotel and 125 villas.  

 

The Marsa Alam resorts project is one of two new tourism programs implemented by the Egyptian Ministry of Tourism and managed by Meridian International. A second resorts project will be located in Ras Sedr, bringing the combined costs of both programs to an estimated $200 million. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like