{"id":23537,"date":"2026-02-10T05:18:57","date_gmt":"2026-02-10T03:18:57","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/egypt-plans-1-billion-red-sea-marina-hotel-development\/"},"modified":"2026-02-27T16:34:19","modified_gmt":"2026-02-27T14:34:19","slug":"egypt-plans-1-billion-red-sea-marina-hotel-development","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/egypt-plans-1-billion-red-sea-marina-hotel-development\/","title":{"rendered":"Egypt plans $1 billion Red Sea marina, hotel development"},"content":{"rendered":"<p>Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region&#8217;s tourist industry.<\/p>\n<p>&nbsp;<\/p>\n<p>Construction on the &#8220;Monte Galala Towers and Marina&#8221; project would start in the second half of the year and run for seven years, Ahmed Shalaby, Managing Director of the main developer, Tatweer Misr, said.<\/p>\n<p>&nbsp;<\/p>\n<p>The 10-tower development, a partnership with the housing ministry and other state bodies including the armed forces&#8217; engineering authority, would cost about 50 billion Egyptian Pounds ($1.07 billion), he added.<\/p>\n<p>&nbsp;<\/p>\n<p>The project, also announced by the cabinet, will cover 470 000 square metres on the Gulf of Suez, about 35 km south of Ain Sokhna, Shalaby said.<\/p>\n<p>&nbsp;<\/p>\n<p>Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the Tourism Ministry in 2025.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":23538,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[78,44],"class_list":["post-23537","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea","published_date":"2026-02-10 07:18:47","news_description":"Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23537\/revisions"}],"predecessor-version":[{"id":26472,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23537\/revisions\/26472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/23538"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23537"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}