GAFI to tender 10 mn sqm in Red Sea governorate for tourism, industrial projects

The General Authority for Investment and Free Zones (GAFI) is expected to auction off 10 mn sqm in the Red Sea governorate for tourism and industrial projects aimed at pulling in EGP 49 bn in investments, the head of Red Sea investments Salah El Gamal told Al Borsa. According to El Gamal, potential investors will be required to present feasibility studies and disclose the sources of funding.