The General Authority for Investment and Free Zones has offered an opportunity to build a hotel on a 25,000 sqm plot inside Sokhna 360 (owned by Elsewedy Industrial Development) in Ain Sokhna, Suez Governorate, under a usufruct arrangement with utilities available.
The Sokhna 360 city spans 10 million sqm and overlooks the Red Sea, with industrial, storage, residential, commercial and service activities and specialised education institutions. Its land is allocated for 49 years in plots starting at 5,000 sqm, and investors may benefit from Suez Canal Economic Zone incentives for export-oriented businesses.