(2016-12-29) Marsa Alam may not see any direct revenues in 2016 Marsa Marsa Alam for Tourism Development said it expects not seeing any direct revenues by the end of 2016.
The company noted that it might only achieve indirect revenues that represented in the returns on the company’s deposits at the Egyptian banks.
Marsa Alam logged losses of EGP 6.8 million for the first nine months of 2016.
