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Tag Archives: A Saudi businessman

Saudi investor in talks over $4bn resort in Sharm el-Sheikh

  A Saudi businessman is in talks with Egyptian authorities over a $4 billion tourism resort in Egypt’s Red Sea region of Sharm el-Sheikh, Egyptian tourism minister Hisham Zaazou told Saudi newspaper Okaz. Zaazou declined to name the prospective investor, the newspaper reported on Sunday, but said the project would be the largest resort in the Red Sea town, a ...

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