A public lottery is set to take place today to allocate 12.5 mn square meters of land in the North Coast, Ain El Sokhna, and South Magawish, according to Youm7.
Approximately 52 investors are set to participate in the auction, Serag El Din Saad, Chairman of the General Authority for Tourism Development, told Youm7.
The Authority previously offered 42 tourism sites last August to develop tourism projects, where around 59 investors competed at the time, he added.
The tourism sites were offered in Ras Sudr on an area of 169,140 square meters, and 180,000 square meters in Luxor, according to Saad. He further stated that another 24 tourism sites have been offered for investment in several areas in the Red Sea governorate, with a total area of 15 mn square meters, in addition to seven tourism sites on 12 mn square meters in Ras Al Hekma on the North Coast.