Have plans to build the Ras Sudr airport reached a dead end?

It appears that the Civil Aviation Ministry and the Tourism Development Authority have failed to drum up investor interest in a tender to develop the Ras Sudr airport and resort which closed on Sunday, sources tell Al Mal. The ministry and the authority will be meeting to determine why the tender failed, said a source, who did not elaborate whether a second tender is in the offing. Orascom Construction, Hassan Allam, and Haddad Group had all expressed interest in the project though it was not clear why bids were not made.