Four international firms bidding to develop natural protectorates

The Environment Ministry has received four offers from Korean, Swedish, German, and Chinese firms to manage and develop the Wadi El Rayan and South Sinai natural protectorates, Minister Khaled Fahmy tells Al Borsa. The ministry is waiting for the House of Representatives to approve the new protectorates law — which is currently before the House Energy Committee — before deciding on the offers, Fahmy said. Separately, Fahmy said the development of the Petrified Forest and Wadi Degla protectorates should be complete by early 2018.