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Egypt is once again becoming a focal point for the global tourism and investment community thanks to an ambitious Red Sea project. Following the successful attraction of capital from the UAE to develop the Ras El-Hekma resort area, the Egyptian government has announced plans to build another premium resort — Ras Gamila. This project is set to become a new jewel on Egypt’s tourism map and draw the attention of high-end travelers from around the world.
Egypt is positioning the Red Sea as a premium growth zone for tourism and investment.
The UAE investor deal for Ras El-Hekma is described as Egypt’s largest-ever foreign direct investment agreement.
Ras Gamila (Sharm El-Sheikh) is planned with 5–6 five-star hotel complexes, an aquapark, a theme park, and shopping centers.
A broader strategy aims to relaunch tourism in South Sinai and upgrade Sharm El-Sheikh into a premium seaside destination.
Key place mentioned: Sharm El-Sheikh.
Ras El-Hekma: record investment scale and expected impact
The foreign direct investment deal signed with a UAE investor consortium is described as the largest in Egypt’s history. Total investments are expected to reach $35 billion, with $24 billion earmarked for developing the Ras El-Hekma resort, while the remaining funds will be allocated to other projects across the country. These investments are expected to stabilize the economic situation by covering the balance-of-payments deficit and strengthening the national currency.
Ras Gamila: a new premium resort concept in Sharm El-Sheikh
Ras Gamila, located in Sharm El-Sheikh, is attracting attention not only for its scenic nature and rich marine life, but also for the scale of future plans. Saudi investors, drawn by the prospect of building a premium resort, are ready to invest in 5–6 five-star hotel complexes, an aquapark, a theme park, and shopping centers. This kind of infrastructure is expected to appeal to affluent travelers not only from the Middle East, but also from Europe and other regions.
The project is part of Egypt’s wider strategy to relaunch tourism in South Sinai and transform Sharm El-Sheikh into a premium seaside resort. If successful, Ras Gamila could become a major step toward that goal, offering a new level of quality and service within Egyptian tourism.
What to do
If you’re watching the Red Sea’s premium travel trend, keep an eye on Sharm El-Sheikh: the article frames it as a key location for upgrades in quality and service, plus new entertainment and retail formats.
For quick destination context, start here: Sharm El-Sheikh.
1-day itinerary
Morning: beach time and a relaxed walk around Sharm El-Sheikh, the destination highlighted as the core of the premium restart strategy.
Afternoon: choose experiences aligned with the planned concept (family entertainment, water activities, and shopping) — the same pillars mentioned for the Ras Gamila vision.
2-day itinerary
Day 1: classic seaside отдых—focus on comfort and resort areas, keeping in mind the article’s emphasis on premium positioning and higher service levels.
Day 2: add nature + “rich marine life” experiences, then reserve time for entertainment and retail — aquapark/theme park and shopping centers are explicitly mentioned as part of the future infrastructure.
How to get there
The article’s central location is Sharm El-Sheikh: plan flights to Sharm El-Sheikh and base your stay there while tracking updates on the announced developments. Destination page: Sharm El-Sheikh.
FAQ: Egypt’s investments and new Red Sea resorts
What is Ras Gamila?
A planned premium resort development in Sharm El-Sheikh with hotels and large entertainment infrastructure.
Where is Ras Gamila located?
In Sharm El-Sheikh, on the Red Sea coast.
What facilities are mentioned for Ras Gamila?
5–6 five-star hotel complexes, an aquapark, a theme park, and shopping centers.
Who is the target audience for the new resort?
Affluent travelers from the Middle East, Europe, and other regions.
What is the scale of the UAE investment deal mentioned?
A total of $35 billion is expected, with $24 billion for Ras El-Hekma and the remainder for other projects.
Why does the article call it historic?
Because it is described as the largest foreign direct investment agreement in Egypt’s history.
How might these investments affect Egypt’s economy?
The text says they could help cover a balance-of-payments deficit and support the national currency.
Which location is highlighted as a premium hub?
Sharm El-Sheikh is presented as the key premium seaside destination in the strategy.
What does “relaunching tourism in South Sinai” imply here?
A focus on higher quality standards, modern infrastructure, and a stronger premium positioning for the region.
Are there details about the natural appeal of the area?
Yes — scenic landscapes and rich marine life are specifically mentioned.
Where can I read more about Sharm El-Sheikh on Admiral.Travel?
Here: Sharm El-Sheikh.
What is the cited source for this news?
The article cites: tourexpi.com (dated 20.03.2024).
