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Qatari Diar Unveils Phase One of Egypt Coast Project

Summary by INTLBM
Qatari Diar has officially announced the launch of the first phase of its landmark Alam Al Roum development on Egypt’s North Coast, marking the beginning of one of the Mediterranean’s most ambitious mixed-use urban and tourism destinations. The project represents a total investment of USD 29.7 billion, including USD 3.5 billion in direct cash investments, with handover of the first phase scheduled to begin in 2030. The first phase is expected to…
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Daily News Egypt broke the news in Egypt on Sunday, August 9, 2026.
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