Qatari Diar to launch 1st phases of Egypt's Alam El-Roum project in 2026

These first phases will cover roughly 20 percent of the project’s total area, Sheikh Hamad bin Talal Al Thani, Head of Development and Projects in Asia and Africa at Qatari Diar, told Al-Sharq Bloomberg on Saturday.

On Thursday, the company signed a partnership agreement with Egypt's New Urban Communities Authority (NUCA) to invest $29.7 billion in the mega-project.

Under the agreement, Qatari Diar will pay $3.5 billion for the land in the Alam El-Roum area and contribute an additional $26.2 billion in in-kind investments to develop the project.

The 15-year development plan is designed to create an integrated urban community with residential, commercial, and tourism components. The project will span 4,900 acres (around 20 million square meters) along 7.2 kilometers of coastline.

Regarding the project’s layout, Bin Talal stated that the residential component will occupy 60 percent of the area, complemented by recreational spaces and world-class hotels totalling roughly 4,500 rooms.