First phase includes $3.5bn in direct cash investment and is scheduled for delivery starting in 2030
Prime Minister Mostafa Madbouly witnessed the launch of construction works for the first phase of Qatari Diar’s Alam El-Roum project on Egypt’s North Coast.
The project is being developed through a partnership between Qatari Diar and the Egyptian government.
The development represents one of the largest urban and tourism projects in Egypt.
It has total investments of $29.7 billion, including $3.5 billion in direct cash investment.
The first phase is scheduled to begin delivery in 2030.
Prime Minister Witnesses First-Phase Construction Launch
During his visit to Matrouh Governorate, Prime Minister Dr. Mostafa Madbouly inspected and inaugurated several service and development projects.
He also witnessed the launch of construction works for the first phase of Alam El-Roum.
The project is being developed by Qatari Diar in partnership with the Egyptian government.
The Prime Minister was received at the project by Eng. Randa El Menshawy, Minister of Housing, Utilities and Urban Communities.
He was also received by Sheikh Hamad bin Talal Al Thani, CEO of Qatari Diar.
Several senior officials from the Ministry of Housing and Qatari Diar also attended the event.
Madbouly reaffirmed the government’s continued efforts to support comprehensive development across Egypt’s Northwestern Coast.
He highlighted the area’s promising resources and competitive advantages.
These advantages have attracted growing local and foreign investment.
Moreover, they are supporting the development of integrated urban and tourism projects.
The government also aims to transform the region into a sustainable tourism, urban, investment, and development destination.
Government Supports Investment in the Northwestern Coast
Madbouly also highlighted the directives of President Abdel Fattah El-Sisi.
The President has stressed the importance of implementing integrated development plans across the Northwestern Coast.
He has also directed the government to provide incentives and facilities that encourage local and foreign private-sector institutions to increase their investments.
These investments include expanding existing projects.
They also include establishing new urban and development projects across the promising region.
Madbouly said that launching the first phase of Alam El-Roum represents an important step in the urban and investment development of the Northwestern Coast.
He added that the region offers significant tourism and investment potential.
Furthermore, its integrated development supports major projects capable of attracting investment.
It also strengthens the North Coast’s position as one of the Mediterranean’s leading tourism and investment destinations.
Randa El-Menshawy: Major Projects Reflect Egypt’s Investment Potential
During the launch ceremony, Eng. Randa El-Menshawy, Minister of Housing, Utilities and Urban Communities, highlighted the development taking place across the North Coast.
She said that major projects reflect the Egyptian state’s success in creating an attractive urban and investment environment.
This development includes upgrading infrastructure.
It also includes improving road and utility networks.
Furthermore, it aims to maximize the use of land with strong investment potential.
El-Menshawy said that projects of this scale strengthen the competitiveness of the Egyptian market.
They also create new opportunities for local and foreign investment.
In addition, they support the state’s strategy to diversify economic activities.
They also maximize the value generated from Egypt’s urban and tourism assets.
She added that the project’s investment volume will create significant direct and indirect employment opportunities.
It will also support various industries and services linked to urban development.
Therefore, the project represents an important addition to the Egyptian economy.
It also strengthens private-sector participation in national development efforts.
El-Menshawy confirmed the Ministry’s commitment to supporting serious projects.
She also stressed the importance of accelerating their implementation.
$29.7bn Total Investment in Alam El-Roum
The launch of the first phase establishes Alam El-Roum as one of the Mediterranean’s most ambitious urban and tourism destinations.
The entire project represents total investments of $29.7 billion.
This includes $3.5 billion in direct cash investment.
The first phase is scheduled to begin delivery in 2030.
The project is also expected to generate thousands of direct and indirect jobs during the first phase.
Across the entire development, the project targets more than 250,000 direct and indirect jobs upon completion.
Moreover, the project will create opportunities for Egyptian and international contracting companies.
This approach is expected to strengthen the competitiveness of Egypt’s local construction sector.
It also reflects Qatari Diar’s commitment to maximizing the project’s local added value.
Alam El-Roum Covers 20.58 Million Square Meters
Sheikh Hamad bin Talal Al Thani, CEO of Qatari Diar, presented the first-phase development plan and timeline.
During the tour, Prime Minister Madbouly and the accompanying delegation reviewed the project’s master plan.
Sheikh Hamad said that Alam El-Roum is one of Qatari Diar’s largest integrated urban and tourism developments worldwide.
He also described it as the company’s largest project in Egypt.
The project covers a total area of 20.58 million square meters.
It also features a 7.2-kilometer waterfront promenade along the Mediterranean.
The master plan combines residential, tourism, commercial, cultural, entertainment, educational, and healthcare uses.
The vision aims to create a modern and sustainable community for future generations.
First Phase Covers 4 Million Square Meters
Sheikh Hamad explained that the first phase represents a strong standalone development.
It extends across 4 million square meters.
The phase includes 1.4 million square meters of total built-up areas.
It also features a 2-kilometer beach and waterfront promenade.
The phase includes natural lagoons connected to the sea and suitable for swimming.
It also provides facilities for yacht activities.
In addition, the phase includes artificial swimming lagoons covering 195,000 square meters.
Open spaces account for approximately 85% of the first phase’s total area.
The city center will also include a marina with capacity for 50 yachts.
Furthermore, the phase will feature four hotels with more than 1,000 hotel rooms.
It will also include sports centers, retail stores, and international restaurants.
The first phase is expected to create approximately 30,000 direct and indirect jobs.
It represents investments of up to EGP 220 billion.
Alam El-Roum to Feature 22km of Open Lagoons
Sheikh Hamad also highlighted the project’s wider master plan.
It includes 22 kilometers of lagoons directly connected to the sea.
These lagoons will integrate with waterfront promenades and extensive beaches.
The entire project will also include 850,000 square meters of artificial swimming lagoons.
Moreover, Alam El-Roum will feature an international marina equipped to accommodate up to 370 yachts.
It will also include a local marina with capacity for 120 yachts.
The project will feature an 18-hole international golf course.
The golf course will cover approximately 980,000 square meters.
It will also offer direct sea views.
In addition, the project will include more than 3,500 hotel rooms.
These rooms will be distributed across a range of international hotels and resorts.
As a result, Alam El-Roum aims to become a regional hub for yacht tourism, sports, and international events.
Walkable City and Sustainable Development
Sheikh Hamad explained that Qatari Diar’s urban planning philosophy is based on the concept of a walkable city.
The development will include an integrated network of pedestrian and cycling paths.
It will also provide smart mobility solutions.
Furthermore, the project will apply advanced environmental sustainability standards.
These standards will support efficient water-resource management.
They will also protect biodiversity and improve the area’s resilience to climate change.
Sheikh Hamad said that Alam El-Roum represents a new landmark for Egypt’s North Coast.
The project aims to reshape the Mediterranean coastline.
Its components are scheduled for phased delivery starting in 2030.
This timeline coincides with the completion of the project’s first phase.
Strategic Location Connects Africa, Europe and the Middle East
Alam El-Roum enjoys a strategic location connecting North Africa, Europe, and the Middle East.
The project benefits from its proximity to Ras El Hekma Airport and Marsa Matrouh Airport.
It is also connected to the International Coastal Road.
In addition, it benefits from the high-speed electric railway currently under development.
These connections position the project as a potential leading tourism and investment destination on the Mediterranean.
Sheikh Hamad: First Phase Marks a Strategic Milestone
