Qatari Diar has begun construction on the first phase of its Alam Al-Roum project on Egypt’s North Coast, with investments of about 220 billion Egyptian pounds ($4.4 billion), according to a Cabinet statement Sunday.
The statement said the first phase covers 4 million square meters, with 1.4 million square meters of built-up area. The phase will include a beach and a two-kilometer promenade, as well as four hotels with more than 1,000 rooms. Delivery is expected to begin in 2030.
Total planned investment in the Alam Al-Roum project is about $29.7 billion, including $3.5 billion in direct cash investment, according to the statement.
The development is part of a broader plan to develop the northwestern coast from New Alamein to Salloum, transforming the region from one heavily dependent on seasonal tourism into a hub for urban development, investment, and tourism, alongside the construction of new cities and improvements to road, transportation, and infrastructure networks.
Prime Minister Mostafa Madbouly said during the launch of the first phase that the government was working to provide the facilities needed to encourage local and foreign private-sector investment in the northwestern coast.
The project’s full master plan includes 22 kilometers of lagoons connected to the sea, about 850,000 square meters of swimmable artificial lagoons, an international marina with capacity for up to 370 yachts, and a local marina with 120 berths.
The New Urban Communities Authority signed an agreement with Qatari Diar to carry out the project in November 2025.
Construction of Alam Al-Roum comes amid a wave of Gulf investment in Egypt’s northwestern coast that accelerated after Egypt and the United Arab Emirates announced the $35 billion Ras El-Hekma development deal in February 2024, one of the largest foreign direct investment deals in Egypt.
