Ukrainian, Saudi and Yemeni citizens are said to be among the injured, some of whom are in a critical condition.
Egypt's roads and railways have a notoriously poor safety record.
Thirty ambulances were sent to the scene to take the injured to n
earby hospitals and the local motorway was closed off.
According to Egypt's state news agency Mena, one of the buses was heading from Sharm El-Sheikh to Cairo when it hit a bus coming in the opposite direction.
First reports said that Russian citizens may have been among those hurt but updates referred to a Ukrainian.
Among other recent traffic accidents in Egypt
- Last November, at least 26 people were killed and 28 injured when a train crashed into a minibus and other vehicles south of the capital, Cairo
- In 2012, nearly 50 children died when a train hit their school bus south of Cairo, after a signal operator fell asleep. That disaster led to the resignation of the transport minister
- Egypt's worst train disaster was in 2002, when a train caught fire in Cairo, killing 373 people
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