Minister of Civil Aviation Mohamed Manar has met with Minister of Public Enterprise Sector Hisham Tawfik to discuss ways to carry out a hospitality establishment in Sharm El-Sheikh’s Ras Jamila area, Invest-Gate reports.
During the meeting, means of joint cooperation were reviewed for project implementation in partnership between Al Montazah for Tourism and Investment and EMAC Aqaba Company, as highlighted in a recent ministerial statement.
Last year, the EMAC Aqaba-Al Montazah consortium had reportedly broken off a 2017 cooperation agreement that was signed for bidding in an auction to develop an 850,000-square-meter tourism project in South Sinai’s Ras Jamila.