Egypt's Prime Minister H E Dr. Mostafa Madbouly and Minister of Housing, Utilities and Urban Communities, H E Randa El Menshawy with Qatari Diar CEO, Sheikh Hamad bin Talal Al-Thani, and other officials during the tour.
Doha, Qatar: 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 $29.7bn, including $3.5bn in direct cash investments, with handover of the first phase scheduled to begin in 2030.
The first phase is expected to generate thousands of direct and indirect employment opportunities as part of the project’s overall target of creating more than 250,000 jobs upon completion.
It will also open significant opportunities for Egyptian and international contractors to participate in the construction works, strengthening the competitiveness of the local construction sector and reinforcing Qatari Diar’s commitment to maximising local value creation.
The announcement was made during a site visit by Prime Minister H E Dr. Mostafa Madbouly, accompanied by the Minister of Housing, Utilities and Urban Communities, H E Randa El Menshawy, as part of his tour to review major development and investment projects and monitor implementation progress across Egypt’s North Coast. Upon arrival, the Prime Minister was welcomed by Qatari Diar CEO, Sheikh Hamad bin Talal Al-Thani, along with the company’s senior executives, who presented the implementation roadmap and timeline for Phase One ahead of construction.
During the visit, the Prime Minister and the accompanying delegation reviewed the project’s masterplan. The development is one of Qatari Diar’s largest integrated urban and tourism projects worldwide and its biggest investment in Egypt.
Spanning 20.58 million square meters, the project boasts 7.2 kilometers of Mediterranean waterfront and is envisioned as a fully integrated coastal city combining residential, hospitality, commercial, cultural, entertainment, educational, and healthcare components within a modern urban framework designed to create a sustainable community for future generations.
Commenting on the launch, Qatari Diar CEO, Sheikh Hamad bin Talal Al-Thani, said: “We are delighted to officially launch the first phase of Alam Al Roum in the presence of His Excellency the Prime Minister and the accompanying delegation. This milestone reflects the scale of our commitment to Alam Al Roum, with total investments of $29.7bn across the project, including $3.5bn in direct cash investments. We remain committed to start delivering this phase by 2030, supported by Egypt’s stable investment environment and long-term partnership opportunities.”
He added: “Phase One embodies our vision of creating a world-class coastal city that introduces a new lifestyle on the Mediterranean, guided by the highest international standards of urban planning and sustainability. From the earliest stages, we have partnered with leading global experts in master planning, marina design, hospitality consulting, landscape architecture, and infrastructure engineering to ensure the project meets international best practices.”
He continued: “We are implementing Phase One according to a carefully structured timeline targeting starting delivery in 2030. The project will help attract further investment, strengthen Egypt’s tourism sector, and capitalise on the exceptional advantages of the North Coast. We are confident that this milestone will make a significant contribution to the Mediterranean’s investment, tourism, and urban development landscape.”
