Qatari Diar’s Game-Changing $29.7 Billion Deal for Egypt’s Mediterranean Coast

Qatari Diar Investment Egypt Mediterranean marks a major milestone with a $29.7 billion development plan on Egypt’s Mediterranean coast. The real estate division of Qatar’s sovereign wealth fund will transform a large area into a luxury coastal destination, boosting economic growth and tourism. Major Coastal Development Qatari Diar has agreed to invest $29.7 billion to develop about 4,900 acres of land along a 7.2-kilometer stretch of coastline at Alam Al-Roum, located around 480 kilometers northeast of Cairo. The project involves $3.5 billion for land purchase and $26.2 billion dedicated to construction and infrastructure. The development will include