Amer Group, Ramco, and Travco, among other unidentified real estate developers are competing for the biggest tourist project in the New Suez Canal Area, Shorouk News reports.

Director of General Authority of Suez Canal Economical Zone Ahmed Darwish announced that they will choose the most affirmative company regarding the implementation. The winning company would also enjoy a good reputation and suitable financial solvency, he added, pointing out that they are currently holding talks concerning granting investments at Suez Canal area incentives to encourage investment in the region.