The government is to invest in various developmental and service projects worth EGP 1 bn in South Sinai, Invest-Gate reports.
“We are offering, establishing and paving 90-kilometer-long roads for a total amount of EGP 172.5 mn,” Minister of Housing Mostafa Madbouly reveals in a statement.
The minister adds that 17-km-long internal roads in Dahab city, a few kilometers northeast of Sharm el-Sheikh, are 85% complete. Other underway road networks are in Tor Sinai city’s entrance which is 34% complete while roads in Sharm El-Sheikh’s Nabq town are 98% complete.
A total of 90 houses are under construction in two villages in South Sinai’s St Catherine city, along with other 60 in Tor Sinai at a total cost of EGP 24.5 mn. There are also service projects underway worth EGP 408.5 mn. Such projects are scheduled to be complete by March 2018. Electricity projects worth EGP 99 mn are underway as well.
The Sinai Development Authority, a state-run agency responsible for carrying out projects in the Sinai Peninsula, has recently completed 1,500 fully-furnished residential units in cities of Ras Sudr, Abu Zneima, Abou Radees, Tor Sinai, Sharm El-Sheikh, Dahab, Nuweiba and St Catherine.