The investment zone will host an integrated mixed-use development featuring residential, tourism, commercial, administrative, and service activities, supporting Qatari Diar’s plans to develop one of the largest projects on Egypt’s North Coast.
Egypt’s Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a draft decision to establish the investment zone for Qatari Diar Real Estate Development Company’s Alam Al Roum project, covering an area of approximately 4,900 feddans along the Alexandria, Matrouh coastal road in Matrouh Governorate.
The investment zone will host an integrated mixed-use development featuring residential, tourism, commercial, administrative, and service activities, supporting Qatari Diar’s plans to develop one of the largest projects on Egypt’s North Coast.
The establishment of the investment zone represents a key regulatory and official step in advancing the Alam Al Roum project and strengthening real estate and tourism investments along the North Coast, in line with the government’s efforts to expand investment opportunities, develop coastal areas, and maximize the economic value of available land assets.
In August, Qatari Diar began implementing the first phase of the Alam Al Roum project, in the presence of Prime Minister Mostafa Madbouly, as part of a major development with total targeted investments of $29.7 billion.
The project includes $3.5 billion in direct cash investments, while the first phase is estimated at EGP 220 billion in investments, with the company planning to begin delivering its components starting in 2030.
The first phase spans 4 million square meters, with a total built-up area of 1.4 million square meters. It includes four hotels with more than 1,000 rooms, a yacht marina, natural and artificial swimmable lagoons, sports facilities, restaurants, retail outlets, and open spaces accounting for around 85 percent of the phase’s total area.
The phase is expected to create around 30,000 direct and indirect job opportunities, while the full project is projected to generate more than 250,000 jobs upon completion.
The Alam Al Roum development covers a total area of 20.58 million square meters and will include 3,500 hotel rooms, an international marina with capacity for 370 yachts, a world-class golf course, as well as a network of lagoons, beaches, and waterways.
Qatari Diar stated that the project aims to create an integrated coastal city combining residential, tourism, commercial, cultural, entertainment, educational, and healthcare uses, based on sustainability principles and modern urban planning standards.
