Qatari Diar has signed a groundbreaking agreement with Egypt’s New Urban Communities Authority to develop an expansive project along the Mediterranean coast. The investment breaks down to a $3.5 billion land acquisition and a $26.2 billion in-kind investment for development.
The project will span an impressive 4,900 acres across a 7.2 km coastline stretch, positioning it as a major infrastructure and real estate development initiative. This collaboration underscores the strong economic ties between Qatar and Egypt, and demonstrates continued foreign investment in Egypt’s strategic coastal regions.
While specific details about the project’s nature remain limited, such substantial investments typically indicate plans for mixed-use developments, potentially including residential, commercial, and tourism infrastructure.
This investment arrives at a time of significant economic developments in the region. As context, Dubai’s real estate market recently hit a record $152.3 billion in sales for 2025, highlighting the robust investment climate in the Middle East.
