The Egyptian Holding Company for Airports and Air Navigation announced Friday that one-third of Cairo airport's investment lands will be put up for grabs in an international bid by the end of January.

The bid is part of a state policy to attract Arab and foreign investors to support the national economy and create job opportunities for youths, said chairman of the company Mahmoud Esmat.

A committee has been formed to study a possible cut in rents of shops, cafeterias, restaurants and the free market at Sharm El Sheikh airport due to the current circumstances in the resort city, he added.