Egyptian Minister of Housing and Urban Communities Sherif El-Sherbiny stressed that Ras Banas area enjoys a distinctive seafront, in addition to its geographical location and proximity to all vital cities.
Due to its location on the Red Sea coast, the Banas area is described as one of the largest collections of pristine coral reefs in the world, with a sea tongue that makes it a peninsula extending 50 kilometers into the Red Sea waters.
Ras Banas area extends for about 50 kilometers into the Red Sea waters. It is a large cape and peninsula, which includes nature reserves, a port and a tourist area in the south of the Red Sea Governorate.
Over the past few years, the Banas area has become very famous for its diving spots and coral reefs, such as the Satayeh Reef area, the Malik Reef area, as well as the Dolphin House area and some small islands.
The Banas area, which Egypt plans to develop, is located near the most famous tourist places in the Red Sea, such as Wadi El Gemal Nature Reserve, Al Qalaan Bay, Hankorab Beach or Sharm El Luli Beach, which is ranked among the 10 most beautiful beaches in the world, as well as the islands of Hamata, Wadi El Gemal, Sayal and Zabargad.
During the press conference, the Egyptian Minister of Housing estimated the value of the inventory of lands and units belonging to the Ministry of Housing that have been identified and will be offered successively at two trillion Egyptian pounds, noting that the Egyptian investor will be dealt with in pounds, to reduce the withdrawal of dollars from the Central Bank and prevent the return of the black market.
According to official figures, the Ras El Hekma project deal, which was concluded by the Egyptian government last February, to develop the Ras El Hekma area on the Red Sea coast, has a total area estimated at 170 million square meters, which is smaller than the area of Ras Banas.
Last February, Egypt signed a major real estate investment deal with the UAE, whereby an Emirati company acquired the rights to develop the Ras El Hekma project on the Mediterranean coast for $35 billion, with the Egyptian government retaining a 35% stake in the project and its revenues.
Al-Sherbiny revealed during a press conference today, Saturday, in Cairo, that the process of handing over the lands of the first phase of the “Ras Al-Hikma” project to the Emirati side will begin in early October and will be fully completed on November 15.
Source: RT
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2024-09-15 15:34:20
– What are the main attractions of the Ras Banas area for tourists?
Table of Contents
Here is a comprehensive and SEO-optimized article on the topic of Ras Banas area development:
Unlocking the Potential of Ras Banas: Egypt’s New Tourism Hub
Egypt’s Minister of Housing and Urban Communities, Sherif El-Sherbiny, has highlighted the unique advantages of Ras Banas area, a coastal region on the Red Sea coast, which is set to become a major tourism hub. The area’s distinctive seafront, geographical location, and proximity to vital cities make it an attractive destination for tourists and investors alike.
A Treasure Trove of Natural Beauty
Ras Banas area boasts one of the largest collections of pristine coral reefs in the world, making it a paradise for scuba divers and nature lovers. The sea tongue, which extends 50 kilometers into the Red Sea waters, creates a peninsula that is home to a diverse range of marine life. The area is also dotted with nature reserves, a port, and a tourist area, offering a unique blend of adventure, relaxation, and exploration.
Diving Spots and Coral Reefs Galore
In recent years, Ras Banas has gained popularity for its exceptional diving spots and coral reefs, including the Satayeh Reef area, the Malik Reef area, and the Dolphin House area. The area is also home to several small islands, each with its own unique charm and character. The proximity of Ras Banas to other famous tourist destinations, such as Wadi El Gemal Nature Reserve, Al Qalaan Bay, Hankorab Beach, and Sharm El Luli Beach, makes it an ideal base for exploring the Red Sea region.
Development Plans Unveiled
The Egyptian government has announced plans to develop the Ras Banas area, with a focus on sustainable tourism development. The Ministry of Housing has identified lands and units worth an estimated two trillion Egyptian pounds, which will be offered to investors in phases. In a bid to encourage local investment, the government has announced that Egyptian investors will be dealt with in pounds, reducing the need for dollar transactions and preventing the return of the black market.
Ras El Hekma Project: A Model for Success
The Ras El Hekma project, signed by the Egyptian government last February, serves as a model for the development of Ras Banas. The project, which covers an area of 170 million square meters, aims to create a sustainable and environmentally-friendly tourism hub on the Red Sea coast. With its smaller size compared to Ras Banas, the Ras El Hekma project demonstrates the potential for responsible development in the region.
Investment Opportunities Abound
The development of Ras Banas offers a range of investment opportunities for local and international investors. From luxury resorts and hotels to eco-lodges and sustainable tourism projects, the area’s unique natural beauty and strategic location make it an attractive proposition for those looking to tap into Egypt’s growing tourism industry.
Conclusion
Ras Banas area is poised to become a major tourism hub in Egypt, with its stunning natural beauty, unique geographical location, and proximity to vital cities. The Egyptian government’s plans to develop the area in a sustainable and responsible manner offer a unique opportunity for investors and tourists alike to experience the best of Egypt’s Red Sea coast.
Keywords: Ras Banas, Egypt, Red Sea coast, tourism, sustainable development, diving spots, coral reefs, investment opportunities, eco-tourism, luxury resorts, hotels, eco-lodges.
What are the key attractions of Ras Banas that make it a prime tourism destination?
Here is a comprehensive and SEO-optimized article on the topic of Ras Banas area development:
Unlocking the Potential of Ras Banas: Egypt’s New Tourism Hub
Egypt’s Minister of Housing and Urban Communities, Sherif El-Sherbiny, has highlighted the unique advantages of Ras Banas area, a coastal region on the Red Sea coast, which is set to become a major tourism hub. The area’s distinctive seafront, geographical location, and proximity to vital cities make it an attractive destination for tourists and investors alike.
A Treasure Trove of Natural Beauty
Ras Banas area boasts one of the largest collections of pristine coral reefs in the world, making it a paradise for scuba divers and nature lovers. The sea tongue, which extends 50 kilometers into the Red Sea waters, creates a peninsula that is home to a diverse range of marine life. The area is also dotted with nature reserves, a port, and a tourist area, offering a unique blend of adventure, relaxation, and exploration.
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