EGYPT MARINA INVESTMENT
Egypt has begun the construction of a yacht marina in Dahab to promote yacht tourism with Saudi Arabia and other Gulf countries.
The governor of South Sinai, Khaled Fouda, and the chairman of the Red Sea Ports Authority, Khaled Zahran, recently inspected the construction site of the project in Dahab on the southeast coast of the Sinai Peninsula.
Fouda stressed in a press statement the importance of the project as the harbor constitutes a maritime connection route between the Saudi city of Makna in Tabuk province and the Egyptian city of Dahab in South Sinai, with easy, speedy, and safety of movement between the two cities.
Fouda added that the project’s main objective is to activate tourism in Dahab, turn the city into the first tourism crossing with Saudi Arabia and the Gulf countries, and revitalize tourism in Sinai, mainly reviving yachting tourism with the Gulf countries as a part of Arab tourism to Egypt.
The Red Sea Ports Authority had proposed the project in 2017 to cover an area of 45,000sq m with a cost of 70 million Egyptian pounds ($4.4m) and with $40m in investments.
The promoters suggest that once the construction contract has been signed the marina could be ready within eight months.