Egypt has announced one of the largest tourism development projects in its history. Qatari Diar, a subsidiary of Qatar Investment Authority, will invest $29.7 billion into transforming a 20-million-m² area on the Mediterranean coast into a year-round luxury destination.
The agreement signed with Egypt’s New Urban Communities Authority (NUCA) includes hotels, golf courses, marinas, residential areas, and premium resorts.
Qatari Diar will pay $3.5 billion in cash for the land and contribute $26.2 billion in development value.
The first phase includes five-star hotels, beach resorts, luxury residences and golf courses, with over 4,500 rooms planned. International brands expected: Hilton, Four Seasons, InterContinental and potentially Ritz-Carlton.
The project is set to create over 250,000 jobs, supporting Egypt’s goal to welcome 17.5–18 million tourists by 2025.
Qatar Airways, Emirates, Etihad Airways and EgyptAir will increase flights to Cairo and Alexandria to meet rising travel demand.
The master plan includes private jet access, helicopter transfers, a state-of-the-art marina and eco-friendly infrastructure focused on renewable energy and marine protection.
DIP explains: major tourism megaprojects in Egypt
Grand Egyptian Museum (GEM)
One of the world’s largest archaeological museums near the Giza pyramids, showcasing thousands of artifacts including the full Tutankhamun collection.
Egypt’s New Administrative Capital
A futuristic new city 45 km east of Cairo featuring government complexes, residences, parks, hotels and large-scale entertainment districts.
El Alamein Resort Development
A fast-growing Mediterranean hub with new hotels, residential districts, malls and leisure facilities designed for year-round tourism.
Ras El Hekma coastal megaproject
A new luxury destination planned with high-end hotels, marinas and residential areas, attracting major international investors.
Marsa Alam expansion
New resorts, upgraded airports, diving infrastructure and improved access are transforming the region into a Red Sea hotspot.
Galala City
A new urban development in the mountains between Cairo and Ain Sokhna, with hotels, resorts and even a planned ski area.
Luxor and Aswan upgrades
Restoration of ancient sites, improved tourist routes, new hotels and expanded Nile cruise infrastructure.
Hurghada cable car project
A planned cableway connecting the city with nearby mountains to boost scenic and adventure tourism.
Egypt is rapidly reshaping its tourism landscape to become a premier, diversified global destination.