| Press Release Egypt’s 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.).
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