Egypt: Press Release - Marsa Alam Airport

Press Release
Egypts Minister of Tourism
Egypt Update

March 20, 1998

A Ceremony for Signing the Contract of Marsa Alam Airport

Egypt recently signed the first contract allowing the private sector to establish the first airport according to the Build-Operate-Transfer (BOT) system, in Marsa Alam. The airport will be constructed within three years, with its first phase costing LE 160 million ($48.5M approx.).