Oh yeah, that well known holiday hotspot.
It could be. When I travelled round the Sinai in 1977 it was barren desert wasteland with a few small towns & villages dotted about, to swim at Ras Mohammed we had to travel along a single track marked by rocks, it being mined either side. Nowadays it's a national park and the entire coast is lined with holiday and dive resorts. Today it's important to the Egyptian economy and Egypt's 30 year old peace deal has maintained some stability in the area, long may it continue.