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Egypt receives bids for tourist projects on Red Sea coast

Egypt’s tourist development authority (TDA) has said it received 64 applications to establish seven tourism investment projects on the Red Sea coast, worth some EGP3bn ($400m), Ahram has reported. The main ventures proposed by the TDA on the Red Sea coast in South Sinai and Suez governorates include a medical tourism project, tourist resorts and a marina to link the beach cities of Ain Sokhna and Ras Sedr.