(MENAFN) Diar, the Qatari developer, announced that it has won the approval to progress with a major tourism project in Egypt, Arabian Business reported.
The company said that it has received the necessary approvals from the Egyptian government for the implementation of a USD2.16 billion project in North and South Sinai which will include hotels, shopping malls and residential homes.
The project, which was proposed by the country's Tourism Development Authority (TDA) will be the third project that Diar is working on in Egypt, as it is currently working in two major projects in the country, with one of them extending along the Nile Corniche, and the other is a big hotel in Sharm El-Sheikh.
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