Egypt Finalizing Plans to Attract Foreign Investors for Ras Banas Project ...Egypt

Egyptian Streets - News
source : Egyptian Streets ( Egypt ) () 40
The Egyptian government is finalizing the investment blueprint for the Ras Banas region on the Red Sea in an effort to attract both domestic and foreign tourism investors according to statements by Egypt’s Housing Minister, Sherif El-Sherbini on, 14 September, El-Sherbini said that Ras Banas offers “substantial potential” for tourism development and promising growth and development for potential investors, owing to its proximity to vital cities and its unique coastal location along the Red Sea. He reiterated that local investors will deal in Egyptian pounds to safeguard the Central Bank’s currency reserves and curb dollar withdrawals that could fuel a black market. Meanwhile, an online platf

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