The board of directors of the Tourism Development Authority (TDA) approves the balance sheet of the authority for the fiscal year (FY) 2021/2022 and explored its financial position, during a meeting chaired by the Minister of Housing, Utilities and Urban Communities Essam El-Gazzar, Invest-Gate reports.

In that regard, El-Gazzar maintains that in the FY 2021/2022, a total of 3,199 hotel rooms and 7,147 tourism residence and housing units were built and entered into operations, including all the infrastructure (water, sewage, electricity, roads, telecommunications, etc.), in addition to services, administrative, entertainment, and sports units, according to a statement on September 28th.

During the meeting, Siraj Saad, CEO of the TDA, demonstrates the contributions of the authority to support governorates to upgrade their tourism sites, in the realization of the primary goal of tourism development. He also referres to the TDA’s full support for the upgrade of the readiness of the tourism sector in Sharm El-Sheikh to be fully prepared based on the schedule of the 2022 United Nations Climate Change Conference (COP27), which will be held in November.

Saad states that TDA’s measures to support the South Sinai Governorate with a total of EGP 4.7 million were approved to resume the plan for developing and upgrading a set of road axes in Nabq tourism city.

Works are currently underway for the removal of obstacles on the sides of roads, as well as installment of new street lighting poles for two axes in Nabq along 2 kilometers, Saad notes, highlighting the support for the improvement of the environment and landscape to showcase the tourism sector in Sharm El-Sheikh in an honorable image before the attendants of COP27 and display the visual identity and the aesthetics that are compatible with the position of the city as an international tourism destination.