International and regional investors have committed more than US$1.1 billion (approximately EGP55 billion) to new hospitality developments in Sharm El Sheikh, reinforcing Egypt’s strategy to expand tourism capacity and attract higher international visitor numbers as the sector continues to underpin economic growth and foreign currency earnings. The investment pipeline is led by a strategic partnership between Dubai-based The First [...] The post Egypt Attracts More Than $1.1bn in New Hospitality Investment for Sharm El Sheikh appeared first on The Middle East Observer .
