Back to the complete issue
Wednesday, 6 June 2018

TDA to resume issuing land tenders in August

The Tourism Development Authority (TDA) will reportedly resume land tenders in August after a hiatus of over one-year, TDA boss Serag Saad El Din tells Al Mal. The TDA had been waiting for the government to release its land development map for the year before auctioning land off to investor for touristic development, he said. Tourism Minister Rania Al Mashat had announced in April that Egypt would be launching an ambitious tender program offering international investors the opportunity to develop sustainable cities in previously untapped locations along the Red Sea and Mediterranean coasts. Sustainable cities, like the New Alamein City that’s currently under development, are expected to help drive tourist traffic by adding to the number of places to visit in Egypt.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.