Prime Minister Mostafa Madbouli on Thursday witnessed the signing of a partnership deal between Egypt and Qatar to develop Alam Al-Roum area of Matrouh governorate on Egypt’s Mediterranean coast.
The agreement was inked by Qatari Diar, the real estate arm of Qatar’s sovereign wealth fund, and the Egyptian Ministry of Housing, Utilities and Urban Communities, represented by the New Urban Communities Authority.
The project is located in Alam Al-Roum area of Matrouh governorate, about 480 kilometers northwest of Cairo. It covers an area of approximately 1,985 hectares (around 4,900 feddans), stretching along a waterfront of about 7.2 kilometers.
The project includes the construction of upscale residential neighborhoods, golf courses, yacht marinas, as well as educational, governmental, and service facilities — making it a year-round residential and tourism destination.
The project aligns with the State’s plan to transform North Coast cities from seasonal resorts into fully integrated urban communities.
The agreement comes within the framework of the Qatari–Egyptian partnership package valued at USD 7.5 billion, which aims to attract direct investments in the real estate, tourism, and infrastructure areas between the two countries.
