South Sinai Governor Khalid Fouda on Saturday said that preparations were underway to display the province's investment opportunities at the economic conference, slated for March 2015.
There are plans to establish a new city in Sharm el-Sheikh over an area of 29,000 acres as well as a new international port for yachts, the governor told MENA.
Commenting on security situation in the province, Fouda said it was stable, hailing the efforts of the armed forces.