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Sharm el Sheikh, Sinai, January 2015. The “biggest gate” in Sharm, entrance of the Kazar hotel in construction. It is one out of 230 hotels in Sharm. In this area, where are concentrated the most luxurious hotels of Sharm, tourism real estate is still expanding, despite a high number of unoccupied hotels.

Sharm el Sheikh, Sinai, January 2015. The “biggest gate” in Sharm, entrance of the Kazar hotel in construction. It is one out of 230 hotels in Sharm. In this area, where are concentrated the most luxurious hotels of Sharm, tourism real estate is still expanding, despite a high number of unoccupied hotels.