11/08/2026
Qatari Diar has officially launched the first phase of Alam El Roum, advancing one of Egypt’s largest foreign-backed real estate and tourism developments on the Northwestern Mediterranean Coast. The overall project spans 20.58 million sqm, with planned investments of $29.7 billion, including $3.5 billion in direct cash investment.
The first phase covers 4 million sqm, with 1.4 million sqm of built-up area and a 2-kilometre beachfront and promenade. Around 85% of the phase will remain open space, complemented by swimmable lagoons, a 50-berth marina, four hotels offering more than 1,000 rooms, sports facilities, retail, and F&B. Delivery is targeted for 2030.
At full scale, Alam El Roum’s masterplan includes 22 kilometres of open lagoons, 850,000 sqm of artificial lagoons, an international marina with 370 berths, a local 120-berth marina, an 18-hole golf course, and international hotels and resorts providing around 3,500 rooms.
Why this matters:
Egypt’s Northwestern Coast is moving into a new phase of institutional-scale destination development.
Alam El Roum joins Ras El Hekma and other mega-investments in extending development activity further west, bringing international capital, hospitality infrastructure, marinas, and year-round urban components to what was historically a predominantly seasonal market.
Investor takeaway:
The North Coast investment thesis is expanding beyond residential sales.
With more than $60 billion in North Coast megaproject investments secured over the past two years, the region is increasingly being positioned as a Mediterranean investment and tourism corridor capable of attracting large-scale regional capital.
