Cairo, Egypt | November 6th, 2025
Qatari Diar, the real-estate arm of Qatar’s sovereign wealth fund, has confirmed a $29.7 billion Egypt Gulf investment to build a luxury coastal megaproject on Egypt’s Mediterranean shoreline. The initiative, one of the largest foreign investments ever recorded in the country, is expected to reshape the North Coast and deepen economic cooperation between Cairo and Doha.
Alam Al-Roum Project to Redefine Egypt’s North Coast
The new development, known as the Alam Al-Roum Project, will cover nearly 1,985 hectares along a 7.2-kilometer stretch of coastline in the Matrouh Governorate, about 480 kilometers northwest of Cairo. Plans include luxury residences, marinas, golf courses, schools, universities, and government facilities, designed to transform the area into a year-round international destination rather than a seasonal resort.
The structure of the agreement features a $3.5 billion land payment complemented by an in-kind investment of $26.2 billion for development and infrastructure, with Egypt’s New Urban Communities Authority set to receive 15% of project revenues after costs are recovered.
Prime Minister Mostafa Madbouly is expected to attend the official signing ceremony, reflecting the high-level cooperation between both governments. Officials say the project will create thousands of jobs and contribute significantly to Egypt’s GDP once completed.
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A Strategic Boost for Egypt’s Economic Recovery
The Egypt Gulf investment forms part of a broader $7.5 billion commitment from Qatar aimed at strengthening Egypt’s economy and expanding its regional partnerships. The project is expected to generate about $1.8 billion annually in revenue and serve as a catalyst for further Gulf-backed real-estate ventures across Egypt’s coastline.
Qatari Diar already has an established footprint in Egypt through developments such as CityGate New Cairo and The St. Regis Cairo Hotel. Company executives said the new project underscores their long-term vision to invest in sustainable urban growth while enhancing Egypt’s position as a Mediterranean gateway for tourism and trade.
Economic analysts believe the investment could strengthen Egypt’s foreign-currency reserves and attract new infrastructure financing. They also emphasize that the project’s timely completion and transparent governance will be essential to securing long-term gains.
If executed as planned, the Qatari Diar development will stand as a symbol of Gulf confidence in Egypt’s economic reforms and mark a pivotal chapter in regional investment collaboration.
