Arab Finance: Saudi Arabia’s Ajlan & Bros Holding has submitted a letter to the Egyptian government, expressing its interest in developing an integrated tourism project in Ras Gamila, Sharm El-Sheikh, in the coming period, Cairo 24 reported, citing sources familiar with the matter.

The company submitted the letter to inquire about the project’s details as well as the targets and sources sought to be attained by the country from the deal, the sources added.

It is worth noting that Minister of Public Business Sector Mahmoud Esmat announced last year that the country had selected an international consultancy to prepare the design required for offering Ras Gamila land plot.

El Nasr Automotive Manufacturing Company resumes operations after 15 years hiatus Updated 11/17/2024 8:06:00 AM

Egypt signs 2 MoUs for 5,200-MW renewable energy projects Updated 11/14/2024 1:06:00 PM

Gender equality in labor market could boost Egypt's economic growth: Al-Mashat Updated 11/14/2024 5:42:00 AM

Egypt’s unemployment rate rises slightly to 6.7% in Q3 Updated 11/14/2024 4:45:00 AM

FABMISR’s Faluja Village development project with Orman Association meets 12 SDGs Updated 11/13/2024 3:55:00 PM