Rédaction Africa Links 24 with Egypt Independent
Published on 2024-04-19 11:54:51
The Egyptian government recently made disclosures about the offers received regarding the “Ras Gemila” area in Sharm El-Sheikh, a popular tourist city. Counselor Mohamed al-Homsi, the spokesperson for the Egyptian Cabinet, assured the public that any new deals pertaining to this area would be announced with complete transparency. During a phone call to the “All Corners” program, al-Homsi emphasized that the government is actively considering various investment opportunities and has assembled a team of legal and technical experts to evaluate the proposals.
Al-Homsi emphasized the government’s commitment to attracting foreign investments and stated that all economic challenges would be addressed. He mentioned that any new deals would be announced promptly, indicating a dedication to keeping the public informed about developments in the region.
In February, Egypt announced a significant investment agreement in collaboration with the United Arab Emirates (UAE) called “Egypt and UAE, a Partnership for the Development of Ras al-Hikma.” Prime Minister Mostafa Madbouly detailed the scope of the project, which includes the construction of hotels, entertainment facilities, tourist resorts, a financial and business hub, and an international airport. This ambitious project aims to transform a city spanning 170 million square meters, encompassing over 40,600 acres.
The partnership between Egypt and the UAE represents a substantial commitment to the development of Ras al-Hikma, which is poised to become a prominent destination for tourism and business. With a focus on enhancing infrastructure and promoting economic growth, this collaboration signals a positive direction for the region’s future.
The disclosure of these investment opportunities underscores Egypt’s determination to expand its economic horizons and establish itself as a key player in the global market. By welcoming foreign investors and prioritizing sustainable development, the government is paving the way for long-term prosperity and stability in the region.
As the plans for the “Ras Gemila” area continue to unfold, the Egyptian government remains dedicated to fostering growth and prosperity through strategic partnerships and transparent decision-making. With a vision for sustainable development and economic progress, Egypt is positioning itself as a hub for investment and innovation in the Middle East.
Read Original article on Egypt Independent
