Prime Minister Kamal al-Ganzouri approved to set up a new airport in Ras Sedr, with a total cost of approximately LE 600 million.
Ganzouri called for building the airport through an Egyptian joint stock company to provide more jobs for local citizens.
This came during a meeting held on 20/5/2012 in the presence of Aviation Minister Hussein Masoud, the governor of South Sinai along with representatives of the Armed Forces, the police, and the transport ministry.
During the meeting, the Premier discussed the lengthy and detailed economic and feasibility studies of the new airport, said the Minister of Civil Aviation, Engineer Hussein Masoud.
The developmental revenues, big tourist attraction and accelerated development of the industrial zones East and West of Suez and Abu Zanima area have also been considered by the cabinet, said Masoud.
On his part, Major General, Khaled Fouda, the Governor of South Sinai pointed out that setting-up of the new airport will strongly contribute to restoring the charter flights to the area.