Egypt Independent

Official: Ministry of Tourism offers 18Mn sqm of lands for investment

The Egyptian  Ministry of Tourism will offer 18million sqm of land for investments worth LE10billion, advisor to the Minister of Tourism for Investment Affairs, , Ibrahim Ashmawy said.

"Around 35percent  of the land will be allocated for Safari paths", he added.

The project will be promoted in international stock exchanges through an international conference in which Egypt will participate to present its touristic investment plan for the coming three years, Ashmawy explained.

The plan aims to increase average tourist spending from US$80 to $300, he said.


Edited translation from Al-Masry Al-Youm