Can tourism become a victim of its own success?
There is no understating the importance of tourism to many developed and developing economies. Ever since the cost of holidays
Egypt has earmarked five areas along its Red Sea coast for Saudi investments, Prime Minister Mostafa Madbouly announced. Speaking at a press conference, Madbouly outlined plans to link the Egyptian and Saudi electricity grids by summer 2025, alongside major investment projects. These include Ras Banas, a peninsula with nature reserves and a port, and a tourist zone in the Red Sea Governorate. Egypt aims to foster Saudi investment and expand cooperation between the two nations.
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