Qatari Diar launches phase one of Alam Al Roum in Egypt

Qatari Diar has officially launched the first phase of the ambitious Alam Al Roum development on Egypt's North Coast. This $29.7 billion, $3.5 billion direct investment project aims to be one of the Mediterranean's most comprehensive mixed-use urban and tourism destinations. Scheduled to handover its first phase in 2030, the project is being overseen by Egypt's Prime Minister Dr Mostafa Madbouly, who toured the site with several ministers and officials.

Qatari Diar's CEO Sheikh Hamad bin Talal Al Thani expressed excitement over the launch, revealing the firm's commitment to delivering the phase by 2030. He emphasized the project's vision of creating a world-class coastal city with a new lifestyle on the Mediterranean, adhering to the highest international standards of urban planning and sustainability.

Collaborating with global experts in various fields, the project will span 20.58 million square meters and feature a 7.2-kilometer Mediterranean waterfront. With 4 million square meters and a 1.4 million square meters built-up area, the first phase includes a 2-kilometer beachfront, open-sea connected lagoons, and 195,000 square meters of swimmable artificial lagoons.

The development also boasts a town-center marina, four hotels with over 1,000 rooms, sports centers, and international retail and dining venues. Beyond a premier tourist spot, the project will generate roughly 30,000 direct and indirect jobs, thanks to investments up to EGP 220 billion. Strategically located for its North African, European, and Middle Eastern connectivity, the development benefits from proximity to airports and the International Coastal Highway, positioning it as a leading Mediterranean destination for yacht tourism, sports, and global events.