Proceed to Taba. Finish the Emmigration formalities and enter Egypt

Taba

Taba is a small Egyptian town near the northern tip of the Gulf of Aqaba. It is the location of Egypt’s busiest border crossing with neighbouring Eilat, Israel. Despite it consisting of little more than a bus depot and a luxury hotel (complete with casino), it is a frequent vacation spot for Egyptians and tourists, especially those from Israel on their way to other destinations in Egypt or as a weekend getaway. It is the northernmost resort of Egypt’s Red Sea Riviera

History
Taba was located on the Egyptian side of the armistice line agreed to in 1949. During the Suez Crisis in 1956 it was briefly occupied but returned to Egypt when Israel withdrew in 1957. Israel reoccupied the Sinai Peninsula after the Six-Day War in 1967, and subsequently a 400-room hotel was built here. Following the 1973 Yom-Kippur War, when Egypt and Israel were negotiating the exact position of the border, Israel claimed that Taba had been on the Ottoman side of a border agreed between the Ottomans and British Egypt in 1906 and had, therefore, been in error in its two previous agreements. Although most of Sinai was returned to Egypt in 1982 following the 1979 peace treaty Taba was the last portion to be returned. After a long dispute, the issue was submitted to an international commission composed of one Israeli, one Egyptian, and three outsiders. In 1988, the commission ruled in Egypt’s favour, and Israel returned it to Egypt in February 1989.
As part of this subsequent agreement, travellers are permitted to cross from Israel at the Eilat – Taba border crossing, and visit the “Aqaba Coast Area of Sinai”, (stretching from Taba down to Sharm el Sheikh, and including Nuweiba, Saint Catherine’s Monastery and Dahab), visa-free for up to 14 days, making it a popular tourist destination. The resort community of Taba Heights is located some 20 km (12 mi) south of Taba. It features several large hotels, including The Hyatt Regency, Marriott, Sofitel and Intercontinental. It is also a significant diving area where many people come to either free dive, scuba dive or learn to dive via the many PADI courses on offer. Other recreation facilities include a new desert style golf course.
Source : wikipedia 
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