I believe it was a former Israeli air force base. One of the runways is now aparently the access road to the airfield.
Airfield info
Rnwy 04/22 13,123ft (4,000mtrs) in length. 148ft (45mtrs) wide.
Apt Elev 2457ft
Taba Ground 121.9
Tower 120.3 120.8
N29 35.3 E034 46.7
I also believe it is a visual approach as well.