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No Page Views: 603 Added: 10/11/2008 Updated: 10/11/2008
Advert ID : 69425
About this more than 12 - Land Only
The land is on the coast of the Red Sea. It is 41169/25m2 (forty one thousand one hundred sixty nine square meter & 25 cm2). There is a reef with some of the richest underwater life in the world for scuba diving. Looking out to the east is the beautiful panorama of the Saudi Arabia Mountains. To the west are the high mountains of Sinai. The coastline stretches out to the horizon both north and south with a view of small bays as far as the eye can see. The rich soil is sandy and not rocky.
This property offered for sale in the Sinai Peninsula is owned by the tourism company El Hayam, an Egyptian joint-stock company. Because El Hayam is part of the Free Trade Association, foreign ownership is possible. This sale represents an option to become a partner or owner of the company by buying its stock.
The location is zoned strictly for investments in tourism projects. For example, one may build a hotel, a vacation village, or even summer villas, diving centers, restaurants etc.
