{"id":678630,"date":"2025-12-17T00:00:00","date_gmt":"2025-12-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=678630"},"modified":"2025-12-26T12:13:25","modified_gmt":"2025-12-26T12:13:25","slug":"12ish-months-later-ras-banas-is-back-on-the-block","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/17\/12ish-months-later-ras-banas-is-back-on-the-block\/","title":{"rendered":"12(ish) months later, Ras Banas is back on the block"},"content":{"rendered":"

Ras Banas is on deck to become a new Red Sea tourist destination. <\/strong>Senior government officials are finalizing a master plan for the sale of Ras Banas in 2026 and are now in the \u201cfinal stages\u201d of drafting the investment blueprint for the strategic Red Sea headland, a government official with knowledge of the process tells EnterpriseAM. <\/p>\n

Don\u2019t expect a single \u201cmegasale\u201d on the order of Ras El Hekma or Alam Al Roum.<\/strong> We\u2019re told that once the cabinet signs off, the remote southeastern coastal zone will be sliced into specific projects and offered to investors \u201csequentially\u201d throughout 2026. The bet: The sum of the parts will net more for state coffers than selling it in one go to a deep-pocketed developer.<\/p>\n

The details:<\/strong> The plan envisions a mixed-use destination anchored by tourism, hotels, and residential projects. Our source declined to say how much officials hope to net from the transaction. <\/p>\n

The state has already fixed a major infrastructure headache:<\/strong> The recent conversion of nearby Berenice Airport to civilian use was the clearest signal yet that the area is being prepped for high-traffic international tourism.<\/p>\n

Why it matters:<\/strong> This puts hard details behind interest we\u2019ve tracked since last fall, when reports first surfaced of potential Saudi investment in the area. While a Saudi bid may yet come through, we think it more likely that developers from the UAE and Qatar will be among the first to express interest. <\/p>\n","protected":false},"excerpt":{"rendered":"

The strategy for Ras Banas will rely on selling specific projects to a handful of investors<\/p>\n","protected":false},"author":1,"featured_media":678631,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7377],"tags":[72,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-678630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-enterpriseam","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"51df089d-4922-4aff-b63c-6f4e88ad9d1d","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/517.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gov\u2019t is putting the finishing touches on a master plan to sell Ras Banas next year","related_issue":[678624],"teaser":"The strategy for Ras Banas will rely on selling specific projects to a handful of investors"},"yoast_head":"\n12(ish) months later, Ras Banas is back on the block - 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We\u2019re kicking off the shorter-than-usual work week with an issue packed to the brim with energy news, diplomatic efforts, investment updates, and more.But before we get started, we\u2019re almost a week away from this year\u2019s EnterpriseAM Finance Forum, taking\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595648,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/luxury-steigenberger-hotel-el-lessan-opens-in-ras-el-bar\/","url_meta":{"origin":678630,"position":2},"title":"Luxury Steigenberger Hotel El Lessan opens in Ras el Bar","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"Steigenberger has opened its 4.2k sqm Hotel El Lessan in Damietta\u2019s Ras El Bar, the company announced in a statement. 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