In a bowl, combine warm water, sugar, and yeast; let it sit for 10 minutes until frothy.
In a large mixing bowl, combine flour and salt.
Add the yeast mixture and olive oil to the flour.
Mix until a dough forms.
Knead the dough on a floured surface for about 10 minutes until smooth.
Place the dough in a greased bowl, cover with a cloth, and let it rise for 1 hour.
Preheat the oven to 220°C (425°F).
Punch down the risen dough and shape it into a loaf.
Place the loaf in a greased baking pan and let it rise for another 30 minutes.
Bake for 30-35 minutes until golden brown and hollow-sounding when tapped.