{"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 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Egypt is one of Steigenberger\u2019s \"most important\u2026","rel":"","context":"In "Tourism"","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":602134,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/amer-group-awarded-tender-for-egp-3-bn-ras-ghamila-development\/","url_meta":{"origin":678630,"position":5},"title":"Amer Group awarded tender for EGP 3 bn Ras Ghamila development","author":"enterpriseam admin","date":"19 March 2019","format":false,"excerpt":"Amer Group has won a tender to develop the Ras Ghamila diving destination in Sharm El Sheikh with EGP 3 bn in investments, Mervat Hataba, chairperson of the state-owned General Company for Tourism and Hotels (better known as EGOTH), told Youm7.","rel":"","context":"In "Tourism"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/678630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=678630"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/678630\/revisions"}],"predecessor-version":[{"id":678673,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/678630\/revisions\/678673"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/678624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/678631"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=678630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=678630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=678630"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=678630"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=678630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}