With EGP 220 Billion Investment, Qatari Diar Launches the First Phase of Alam Al Roum Project in Egypt

Qatari Diar has launched construction of the first phase of the Alam Al Roum project on Egypt’s northwestern coast, with investments estimated at EGP 220 billion, with the delivery of the phase’s components scheduled to begin in 2030.

The launch was attended by Egyptian Prime Minister Mostafa Madbouly. The project is being developed by Qatari Diar in partnership with the Egyptian government as part of plans to transform the northwestern coast into an integrated tourism, investment, residential, and entertainment destination.

The first phase spans 4 million square meters, with a total built-up area of approximately 1.4 million square meters. It includes a two-kilometer beachfront promenade, seawater-connected lagoons, swimmable artificial lagoons, a marina accommodating 50 yachts, four hotels with more than 1,000 rooms, sports facilities, international restaurants, and retail outlets.

Open spaces account for approximately 85% of the first phase, while the project is expected to create around 30,000 direct and indirect jobs.

The total targeted investment for the entire project is estimated at $29.7 billion, including $3.5 billion in direct cash investments. The overall development covers 20.58 million square meters, featuring a 7.2-kilometer waterfront and a wide range of residential, tourism, commercial, cultural, entertainment, educational, and healthcare components.

The master plan also includes yacht marinas, an international 18-hole golf course, and more than 3,500 hotel rooms, positioning Alam Al Roum as a regional destination for yacht tourism, sports, and international events.

Qatari Diar plans to begin delivering the first-phase components in 2030. The development will follow a walkable-city concept, incorporating pedestrian and cycling networks, smart mobility solutions, and sustainability standards focused on water-resource management, biodiversity protection, and climate resilience.