Gov’t is in talks with investors to participate in Sinai development projects

The government is in talks with several private sector investors from different sectors to participate in its development projects in the Sinai Peninsula, Tahya Misr Fund board of trustees member Reham Abu Ismail says. Work on the first 500k feddans phase of the development project is expected to begin after the Eid El Fitr break, according to Abu Ismail. The Housing Ministry had rolled out its EGP 32 bn development strategy for Sinai, which relies heavily on incentivizing investors to do business in the peninsula, earlier this year.