Libra: Large-Scale Plans In Egypt Return to Headlines
An atlas shows that Marsa Alam lies on the Red Sea coast of Egypt, but what it does not show is the presence in the resort of Libra Holidays Group, of Cyprus, and representatives of the Egyptian tourism ministry. You will need to switch to satellite technology to track the progress of the two parties as they develop 5 million mē of land in the region into a mixed-use resort. The project, which will cost a reported US$800 million, includes a number of hotels. A target completion date of 2014 has been set.
Here is another article. Just seach for libra investment marsa alam and a few articles will come up. This latest one above is from HVS International.
|