Red,
El Gouna never was meant to be a major development, it started as one man building a villa for his family, then friends wanted to live there, then it has expanded from there. It never had a master plan, unlike Sahl Hasheesh, which has already has all the infrastructure in place after many years of work. Sahl is being released in phases, so yes in the overall resort construction may still be underway, but each phase will be complete, so that the area will be attractive to visitors and have all the necessary amenities required. I believe the entire resort should finish around 2014.
El Gouna continues to develop. However, generally its well away from the main tourist area, and indeed a friend visited there recently and when I asked how the new marina is coming on (which is right next to the beautiful exisiting marina), he said he hadn't noticed anything being built and I can assure you massive work is underway!!! There are of course smaller projects being developed in El Gouna, but generally these are further back and like I say, wouldn't affect visitors. It can be a bit of an eyesaw when you enter El Gouna with the building works going on, but once you reach those beautiful lagoons, marina and beaches, its a different world!
I think that you may be surprised when you visit Hurghada at what a building site parts of it are, and I would guess they will continue to be so for many years as more and more land continues to be developed.
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