After Ras al-Hekma UAE deal, Egypt could open Sharm el-Sheikh’s Ras Gamila to Saudi investment

Egypt is reportedly planning to make a renewed push to offer prime Red Sea coastal land in Ras al-Ghamila (also Ras al-Gamila, Ras al-Jamila) in the Straits of Tiran in South Sinai for foreign investment, in the wake of a $35 billion deal with the UAE for the development of Ras al-Hekma on the North Coast. Egypt is reportedly targeting local and Gulf investors from Saudi Arabia and Qatar for the lucrative...

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