How did you capitalize on the experience from El Gouna in developing other projects, such as Taba Heights?
Mr. Sawiris: Taba Heights is the second destination we developed and it is actually a more beautiful development than El Gouna, not only because of its stunning location on Sinai, but also because it was strategically planned from the onset and we learned from our mistakes in El Gouna and used this insight when creating Taba. We also had much more courage to embark on a more lavish destination for Taba Heights than we did with El Gouna. Unfortunately for the foreigners, the issue of buying homes there is still not sorted out, so we cannot really embark on the real estate aspects, but there are ample positive points in Taba that balance this point. For tourists the hotels are amazing, as well as the golf courses. The place as a whole is wonderful. The excursion potential is unbelievable, offering the opportunity to go to three countries, Israel, Jordan or Saudi Arabia, during the course of the week for day trips, or visit the Saint Catharine Mountain. Then just across the bay, we have T
