Egypt and Qatar Review Plans for $29.7bn Alam Al Roum Project
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Egyptian Prime Minister Mostafa Madbouly has reviewed progress on the Alam Al Roum North Coast development with Qatari Diar chief executive Sheikh Hamad bin Talal Al-Thani. The project carries estimated total investment of about $29.7 billion.
The meeting was held on Wednesday, August 5, with details published Thursday. Discussions focused on the proposed master plan for what Madbouly described as one of Egypt’s most prominent investment partnerships with Qatari Diar.
The meeting was not the signing of a new deal or an announcement of additional investment. The development agreement was signed in November 2025, while the latest talks concerned planning, progress and the components intended for the site.
Alam Al Roum covers about 4,900 feddans, or approximately 20.5 million square metres, with 7.2 kilometres of Mediterranean coastline in Egypt’s Matrouh governorate. Estimated total investment stands at $29.7 billion, including about $3.5 billion in previously announced direct cash investment.
The proposed development includes residential, hotel, commercial and entertainment districts, along with educational and healthcare facilities and services for residents and visitors. It is intended to operate throughout the year rather than function only as a seasonal resort.
Madbouly said the project supports Egypt’s strategy of turning coastal land into modern urban and tourism communities. Qatari Diar said it plans to deliver the development with leading international companies and according to international planning and operating standards.
The project represents one of Qatar’s largest investments in Egypt since diplomatic relations were restored. It also forms part of Cairo’s wider effort to attract Gulf capital, expand North Coast tourism and bring more foreign currency into the economy.
The new development this week is the review of the project’s plans and components, not a renewed announcement of the original agreement. The next significant test will be the conversion of the master plan into defined construction phases and public implementation timelines.
