Egypt’s Ministry of Tourism is aiming to develop 5 tourism projects at a cost of EGP 3bn (US$428m) in Ain Al-Sokhna and Ras Sudr after approval of allocation of land by the Tourist Development Authority (TDA).

TDA has offered five pieces of land that will be developed as tourist sites by successful developers at a cost of EGP 500m (US$ 71m) following 50 bids submission.

Ras Sudr will be developed on a land area of 323.8 square kilometers at a rate of EGP 140 (US$20) and EGP350 (US$50) for every square meter. Ain Sokhna will be developed on an area of 120 square kilometer and it will be built at a cost of EGP 1141(US$163) per square meter.  Moreover, another area of 140 square kilometers developed for EGP1050 ($150) per square meter.

Among projects that are to be developed is a global wellness center that will comprise apartments covering 215,000 square meters of land at a price of US$75 per meter, hotels, restaurants and a marina that links Nakhella and Ras Sudr and another linking South Abo El Darag area to Ain El-Sokhna.

Tourism contributes 11.3% of the GDP of Egyptian economy and employs 12.6% of the country’s work force..

Connecting Past Tourism Initiatives to the Mont Galala Vision

Reported in 2015, the $428 million tourism projects aimed at developing coastal resorts in Ain Sokhna and Ras Sudr. Most of these projects were in early allocation stages and were not fully completed. However, the country’s allocation stages has evolved, culminating in flagship projects such as  $1 Billion Mont Galala Towers and Marina Project. The project which is being built on the same Red Sea corridor to deliver world-class hospitality, residential and leisure infrastructure. Linking the 2015 initiatives with Mont Galala highlights Egypt’s sustained commitment to expanding its coastal tourism offerings and attracting international visitors.

Project Fact Sheet: Egypt’s $428 Million Tourism Projects (2015)

• Project Name:Egypt Coastal Tourism Development Initiative (2015)
• Purpose: Expand tourism infrastructure along the Red Sea and Gulf of Suez, including resorts, hotels, and marinas.
• Total Investment: $428 million (~ EGP 3 billion)
• Key Locations: Ain El‑Sokhna (Gulf of Suez) and Ras Sudr (Red Sea side of Gulf of Suez)

Scope of Development:

• Construction of new hotel and resort facilities
• Development of recreational and marina infrastructure
• Enhancement of coastal tourism service offerings

Status:

• Announced and planned in 2015
• Most projects remained in early planning or land allocation stages
• Not all components were fully completed; some later integrated into broader tourism strategies

Strategic Importance:

• Part of Egypt’s broader tourism expansion and economic diversification plan
• Designed to attract private sector investment and international visitors
• Laid groundwork for future flagship developments along the Red Sea corridor