Egypt receives four offers from unnamed int’l companies to develop Nile Corniche

Egypt reportedly received offers from four unnamed international companies interested in developing the Nile Corniche in Cairo and surrounding tourist attractions, an unnamed governorate official said. The government will be studying the offers over the coming two months and determine whether the project will be developed under a PPP or usufruct framework. The first phase of the project should go into implementation by the end of the year, the official added, making no mention of of the projected cost.