Openings, development, and the local economy.
The Abu Dhabi Tourism Investment Company says the completed first phase covers the entrance, reception and lobby, within a Hurghada and Sharm El Sheikh programme it values above $100 million.
1 November 2026
The project is due to be completed by 31 March 2028 and is expected to employ about 2,500 people during construction, with hiring priority for the Red Sea and neighbouring governorates.
29 October 2026
The governorate's Supreme Investment Committee reviewed 80 project files on Sunday — 55 in Hurghada, 16 in Marsa Alam, seven in Shalatin and two in Ras Ghareb — with final checks still to come.
26 October 2026
Sameh El-Hefny said pre-qualification of the bidding consortia is finished and tender documents are being drawn up. The airports are not being sold and no award date has been given.
24 October 2026
The city says the handover at its local unit continues the Red Sea land-status file and that it is easing procedures for applicants who meet the legal conditions. No figure for pending cases was given.
24 October 2026
Governor Walid El-Barqi says tourism, hotel, industrial and energy projects could be given plots to build housing for their own staff. The allocation rules have not been set yet.
24 October 2026
Selling rates closed between EGP 55.33 and EGP 55.37 across five banks on Thursday 22 October, after rising by about 0.90 pounds in a single day.
23 October 2026
A 1,000-feddan jojoba plantation at Hurghada, irrigated with tertiary-treated sewage water, took first place for Red Sea Governorate in the 2026 National Smart Green Projects Initiative. Seed output has gone from 70 to about 150 tonnes; the 3,000 feddans and 2,000 jobs are targets, with no timetable given.
18 October 2026
Arab Bridge Maritime is preparing a shipping line between Safaga port and Duba in Saudi Arabia, and plans three new passenger and cargo vessels that would take its fleet to 11. No start date for the first crossing has been confirmed.
18 October 2026
Abu Dhabi for Tourism Investments says the first phase of work at the Mercure Hurghada — the arrival area, guest reception and a new lobby — is finished before the Christmas and New Year season, and that the hotel will carry the Mövenpick name from the beginning of 2027.
16 October 2026
Pick Albatros chairman Kamel Abu Ali put the investment at more than 800 million dollars and the target at about 5,000 hotel rooms, and called it a difficult project. No opening date, building phases or room rates have been announced.
16 October 2026
Red Sea Governor Walid Al-Barqi has withdrawn the land of the second phase of Hurghada's Craftsmen City from the Endowments Authority, after years of disagreement over workshop prices and how units are allocated. The governorate is now studying carrying out the work itself. No completion date has been given.
15 October 2026