TDA to offer 67 mn sqm land plots in EGP for the first time

The Tourism Development Authority (TDA) is planning to tender 67 mn sqm of land to investors in EGP for the first time in 4Q2017, CEO Serag El Din Saad tells Reuters. The land plots will be priced once the Investment Act’s executive regulations are issued, he adds. The TDA will offer 34 mn sqm in the Red Sea, 25 mn sqm in South Sinai, 6.5 mn sqm in Fayoum, and 1.3 mn sqm in Luxor. Projects that are expected to be established include hotels, entertainment facilities, and international-level showrooms.