Governor of Red Sea Governorate Ahmed Abdullah met representatives of leading Spanish companies on Tuesday, September 4, to discuss the available investment opportunities for establishing mega projects in the city, Invest-Gate reports.

During the meeting, Abdullah highlighted the crucial steps taken by the government during the previous years to develop the Red Sea as a major touristic and investment destination, revealing a plan in progress for New Hurghada – situated in the south of Hurghada – which is set to be developed on an area equivalent to the size of USA’s Los Angeles city, according to a released statement.

The governor noted that the government is currently developing the governorate’s airports to accommodate 15 mn tourists annually. The Red Sea has 265 touristic resorts encompassing 280,000 hotel rooms, he noted, adding that improving the efficiency of roads and provision of water and electricity facilities is completed.

He added that the government is keen on maintaining environmentally friendly projects such as generating electricity from solar and wind energy.

On its part, the delegation stressed that what is being accomplished in the Red Sea contributes to increasing the value of the tourism product, adding that Spain is working on providing low-cost aviation services to boost the number of Spanish tourists to the governorate, according to the statement.

The representatives expressed their readiness to establish new projects in the Red Sea in the upcoming period as the governorate’s development plan is going in line with the Spanish companies’ areas of interest, including the marine environment and sustainable development.