{"id":645179,"date":"2017-07-13T04:17:10","date_gmt":"2017-07-13T04:17:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/"},"modified":"2017-07-13T04:17:10","modified_gmt":"2017-07-13T04:17:10","slug":"saudi-arabias-tourism-investments-in-egypt-are-on-the-rise","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/","title":{"rendered":"Saudi Arabia\u2019s tourism investments in Egypt are on the rise"},"content":{"rendered":"<p><strong>Saudi Arabia\u2019s tourism investments in Egypt are on the rise<\/strong>, with Tourism Minister Yehia Rashid reportedly stating that they are on track to rise 30% by 2020, writes Nada Al Rifai for <a href=\"https:\/\/www.zawya.com\/mena\/en\/story\/Saudi_investments_in_Egypts_tourism_sector_on_the_rise-ZAWYA20170712123719\/\">Thomson Reuters\u2019 Zawya<\/a>. There are currently 17 Saudi-funded projects worth USD 270 mn underway \u2014 six projects in the Red Sea, two at the Gulf of Aqaba, five in Ras Sedr , three in Ain Sokhna, and one at the North Coast, Rashid said. He estimates that there are over 50 hotels and restaurants and malls are jointly owned by Saudi and Egyptian businessmen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s tourism investments in Egypt are on the rise, with Tourism Minister Yehia Rashid reportedly stating that they are on track to rise 30% by 2020, writes Nada Al Rifai for Thomson Reuters\u2019 Zawya. There are currently 17 Saudi-funded projects worth USD 270 mn underway \u2014 six projects in the Red Sea, two at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645179","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"741f5520-9aa1-4277-9ee0-f1efbdede76d","order":"0","is_powered_by":true,"section_story_id":"e65d8162-d4f6-419c-9c34-3b384be397ae","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645163],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi Arabia\u2019s tourism investments in Egypt are on the rise - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia\u2019s tourism investments in Egypt are on the rise\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia\u2019s tourism investments in Egypt are on the rise, with Tourism Minister Yehia Rashid reportedly stating that they are on track to rise 30% by 2020, writes Nada Al Rifai for Thomson Reuters\u2019 Zawya. There are currently 17 Saudi-funded projects worth USD 270 mn underway \u2014 six projects in the Red Sea, two at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-13T04:17:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi Arabia\u2019s tourism investments in Egypt are on the rise\",\"datePublished\":\"2017-07-13T04:17:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/\",\"name\":\"Saudi Arabia\u2019s tourism investments in Egypt are on the rise - 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The competition would be less intense if Saudi Arabia strictly targeted ultra-rich visitors or if it focused on diving. Other operators are less worried about competition from the project,\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641944,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/bin-salman-announces-red-sea-tourism-megaproject\/","url_meta":{"origin":645179,"position":1},"title":"Bin Salman announces Red Sea tourism megaproject","author":"enterpriseam admin","date":"2 August 2017","format":false,"excerpt":"Resort tourism in KSA? Uh, sure \u2014 mocktails for all. Saudi Arabia\u2019s Crown Prince Mohammed bin Salman announced the launch of an \u201cinternational tourism project\u2026to develop exceptional resorts on more than 50 natural islands between the cities of Amlaj and Al-Jawh.\u201d The Saudi Press Agency says the project \u201cwill be\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642422,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/alwaleed-bin-talal-says-egypt-is-safe-for-tourism-investments\/","url_meta":{"origin":645179,"position":2},"title":"Alwaleed Bin Talal says Egypt is safe for tourism, investments","author":"enterpriseam admin","date":"14 August 2017","format":false,"excerpt":"Alwaleed to invest in Egypt, promotes tourism: Globally prominent Saudi businessman Alwaleed bin Talal\u00a0has a message for the world this morning: \u201cEgypt will remain safe for tourism and investments.\u201d The 62-year-old Saudi investor and prince demonstrates it \u2014 by leading people up hills. In volleyball. In waterskiing. On a bicycle\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/8\/1274.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627568,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/former-canary-wharf-executive-hired-by-saudi-govt-for-red-sea-tourism-project\/","url_meta":{"origin":645179,"position":3},"title":"Former Canary Wharf executive hired by Saudi gov\u2019t for Red Sea tourism project","author":"enterpriseam admin","date":"5 June 2018","format":false,"excerpt":"MOVES- Former Canary Wharf executive hired by Saudi gov\u2019t for Red Sea tourism component of NEOM. The Saudi government appointed John Pagano (LinkedIn) as CEO for its new joint stock Red Sea Development Company (RSDC), according to Asharq Al-Awsat. 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