{"id":671922,"date":"2025-09-16T00:00:00","date_gmt":"2025-09-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/16\/the-red-sea-could-be-looking-at-5-new-tourism-projects\/"},"modified":"2025-09-16T00:00:00","modified_gmt":"2025-09-16T00:00:00","slug":"the-red-sea-could-be-looking-at-5-new-tourism-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/16\/the-red-sea-could-be-looking-at-5-new-tourism-projects\/","title":{"rendered":"The Red Sea could be looking at 5 new tourism projects"},"content":{"rendered":"

The government is working to position the Red Sea as a year-round <\/strong>global destination <\/strong>with four to five new tourism projects being in the pipeline, covering 3-4 mn sqm, a government source told EnterpriseAM. There are already offers on the table for projects stretching from Marsa Alam to Hurghada.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

What\u2019s driving demand? <\/strong>The Red Sea is a tourism hotspot that is currently looking at a shortage in hotel rooms. Hotels are already running at 100% occupancy through January, according to the government source \u2014 a squeeze that has investors piling into new projects.<\/p>\n

Land in the area was historically capped at around USD 130 (EGP 6.3k) per sqm<\/strong>, our source said. Following the announcement of Emaar Misr and Citystars Properties\u2019 landmark EGP 900 bn Marassi Red Sea<\/a> development, authorities are now moving to revalue plots in the area. Pricing will factor in existing infrastructure and aims to maximize state revenues, the source said. <\/p>\n

The government is looking to raise EGP 150 bn from land sales in the Red Sea<\/strong>, with 14 land plots being offered to private investors at an indicative rate of EGP 4.5k per sqm, a government source told Asharq Business<\/a>. The plots are expected to attract tourism, service, and industrial projects and generate some 5k jobs.<\/p>\n

What\u2019s next: <\/strong>Authorities are cataloging<\/a> Red Sea plots to map out new investment zones. Once the process is complete, the Tourism Development Authority will roll out fresh investment prospects, with updated mechanisms and incentives to fast-track projects.<\/p>\n

REMEMBER-<\/strong> Egypt wants to nearly double annual tourist arrivals to 30 mn<\/a> by 2030, up from 15.7 mn<\/a> in 2024, and expand<\/a> hotel room capacity to 500k from today\u2019s 228k. Officials are banking on Gulf capital and a more structured approach to land allocation to get them there.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Red Sea is a tourism hotspot that is currently looking at a shortage in hotel rooms<\/p>\n","protected":false},"author":1,"featured_media":671923,"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":[7272],"tags":[72,125,83,7117,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-real-estate","tag-red-sea","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"4e372c35-f9cc-4657-9fa2-f1b41a0c5062","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/517.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Red Sea could be looking at 5 new tourism projects","related_issue":[671913],"teaser":"The Red Sea is a tourism hotspot that is currently looking at a shortage in hotel rooms","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.a2b3c009-7029-40f0-922f-fb6d250a47f3.mp3"},"yoast_head":"\nThe Red Sea could be looking at 5 new tourism projects - 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\/2025\/09\/16\/the-red-sea-could-be-looking-at-5-new-tourism-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Red Sea could be looking at 5 new tourism projects\" \/>\n<meta property=\"og:description\" content=\"The Red Sea is a tourism hotspot that is currently looking at a shortage in hotel rooms\" 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According to\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":671922,"position":5},"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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