Investors reach out to GAFI’s dispute committee over South Sinai beach fees

A number of investors have reached out to the General Authority for Investment’s (GAFI) dispute resolution committee over the issue of recently imposed fees on the use of beaches in South Sinai, Egyptian Tourism Federation head Hossam El Shaer told Al Mal. The issue has been ongoing for the past two years and a number of investors have filed legal cases against the South Sinai governor for requesting retrospect payments of EGP 150 on every square meter of beach space, El Shaer said.