Egypt tipped as good property investment for 2010 with new infrastructure and rising demand

[Nicholas Wallwork]

Property investment in the Red Sea resort of Hurghada in Egypt is set for a boost after plans for*a new terminal at the international airport were announced.

The Civil Aviation Ministry has signed contracts with a Saudi Arabian development group to*construct the new terminal which will increase capacity from some 6.7 million to 7.5 million*passengers annually.

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