New Launch - India Real Estate Report 2026.
Prime Minister Mostafa Madbouly attended the launch of construction works for the first phase of Qatari Diar's Alam Al Roum project in Egypt's North Coast, a major mixed-use development being implemented in partnership with the Egyptian government.
The project involves total planned investments of $29.7bn, including $3.5bn in direct cash investments, with the first phase scheduled for delivery beginning in 2030.
Speaking at the launch in Matrouh governorate, Madbouly said the government is continuing to accelerate development across the northwestern coast, describing it as one of Egypt's most promising tourism and investment destinations.
Minister of Housing Randa El-Menshawy said projects of this scale are expected to generate substantial employment and expand business prospects for construction firms.
First phase details: lagoons, marina, hotels
Sheikh Hamad bin Talal Al Thani, CEO of Qatari Diar, presented the master plan and timetable for the first phase, which will cover 4 million sqm with a built-up area of 1.4 million sqm.
Open spaces will account for approximately 85 per cent of the total area. The phase will feature:
- A 2 km beachfront and waterfront promenade
- Natural sea-connected swimmable lagoons plus 195,000 sqm of artificial swimmable lagoons
- A marina with 50 yacht berths
- Four hotels providing more than 1,000 rooms, alongside sports facilities, retail outlets and restaurants
Qatari Diar expects the first phase to attract investments of approximately EGP 220bn and create around 30,000 direct and indirect jobs.
Full development: 20.58 million sqm master plan
The full Alam Al Roum development will span 20.58 million sqm and include a 7.2 km waterfront promenade, incorporating residential, tourism, commercial, cultural, entertainment, educational and healthcare components.
It will also feature 22 km of open lagoons connected directly to the sea, 850,000 sqm of artificial swimmable lagoons, an international marina for 370 yachts, a local marina for 120 yachts, an 18-hole golf course covering approximately 980,000 sqm with sea views, and more than 3,500 hotel rooms across a range of properties.
Al Thani said the company remains committed to completing the first phase on schedule, with handovers beginning in 2030, and is working with leading international consultants across urban planning, marina design, hospitality and infrastructure.
Also Read: Wadi Degla Enters Upper Egypt with ClubTown Minya
Strategic location and expected job creation
Alam Al Roum is located on Egypt's North Coast near Ras El Hekma and Marsa Matrouh International Airport, connected to the International Coastal Road and the electric high-speed rail network currently under construction.
According to Qatari Diar, the location is intended to position the project as a regional tourism and investment hub linking North Africa, Europe and the Middle East.
The completed development is expected to generate more than 250,000 direct and indirect jobs.
Backed by the Qatar Investment Authority, Qatari Diar has a portfolio of 42 projects in more than 20 countries, with total investments exceeding $35bn, and has operated in Egypt for more than two decades with investments estimated at around $7bn.
Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.
