Government Planning for Tourism in Egypt - great news for property investors

The Egyptian government has earmarked several areas of the Red Sea Coast for tourism development. These areas stretch from the coast between Ain Soukhna and Zafarana in the north to Marsa Alam in the south. Most of the land in Egypt, particularly along the coast is owned by the government and therefore the Egyptian Tourism Board has a much higher level of control on the master planning of expansion areas than would be witnessed in most countries.
The map below shows the division of blocks in the area around the Marsa Alam Beach Resort, with resorts on the sea side of the road and commercial, shopping and facilities on the other.

The ability to exert influence over what is built on each parcel, when it is to be built and how it should be built allows this area the benefit of forward planning rather than a resort area which is built according to what available land can be found and maximizing the number of properties on the available space.
This information is a snippet from the latest Investment Guide for Marsa Alam Beach Resort, our latest release in Egypt.

