Qatari Diar starts $29.7bn Egypt coastal project
Arabian Post Staff -Dubai Qatari Diar has launched the first phase of its $29.7 billion Alam Al Roum development on Egypt’s North Coast, advancing one of the largest integrated real estate and tourism investments planned along the Mediterranean. Egyptian Prime Minister Mostafa Madbouly attended the launch at the project site alongside senior government officials and Qatari Diar executives. The…
Qatari Diar has commenced the inaugural stage of a $29.7 billion coastal development venture along Egypt's northwestern Mediterranean shoreline. The ambitious Alam Al Roum project, spearheaded by the real estate firm in collaboration with Egypt's New Urban Communities Authority, aims to transform a 20.58 million square metre stretch of coastline into a year-round urban city.
Egyptian Prime Minister Mostafa Madbouly attended the project's launch, alongside key government officials and Qatari Diar executives. Upon completion, the development is projected to generate over 250,000 direct and indirect jobs, reinforcing Egypt's commitment to leveraging tourism, construction, and urban development as engines of foreign investment.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
