Arab Finance: The governorate of South Sinai is aiming to attract up to EGP 600 billion in industrial investments by 2035 through offering industrial cities to local and foreign investors, Governor Khaled Mubarak told Asharq Business.
He also revealed that the Great Transfiguration project's investments in St. Catherine City range between EGP 10 and 12 billion, with an implementation rate of about 85%.
The first phase of this project is expected to open by the end of 2025.
As per hotel occupancy across the governorate's cities, Mubarak said that it exceeded 90%, with Italian and Russian tourists on top.