Egypt says no deal cut with Saudi Arabia on Ras Gamila yet ...Kuwait

The Egyptian government denied on Sunday that any foreign investment deal in prime Red Sea coastal land in Ras Ghamila has yet been officially approved amid local and regional reports confirming otherwise.   The official spokesman for the Ministry of Public Enterprise, Mansour Abdelghany, told state-run Ahram online that “no offer for the development of Ras Gamila would be considered until an international advisory firm is tasked with designing "an optimal investment plan for the zone.” Ras Gamila (also Ras Jamila), located in South Sinai’s Sharm El-Sheikh resort city, has recently been making local and regional news headlines on the Saudi Ajlan and Bros Holding Group 

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