Egypt Signs Multi Billion Dollar Projects with Saudi Arabia and UAE

Saudi Arabia and the United Arab Emirates are set to invest 18.5 billion US dollars in Egypt over the next four years, in a series of large-scale projects that will transform the Red Sea and other key tourist and residential areas.

According to Egyptian media, the investment plan will cover around 2,000 feddans of land, focusing on hotel, residential, and tourism developments, with the aim of creating up to 150,000 job opportunities.

The projects are expected to be concentrated in the Red Sea region, including Marassi, a high-profile development that will serve as a centerpiece of the new partnership. The initiative reflects confidence in Egypt’s stability, favorable climate, and welcoming culture, which continue to attract foreign investors despite regional challenges.

Broad facilitations and streamlined procedures have been introduced to support these projects, reducing bureaucratic hurdles and ensuring faster implementation. Egypt will also retain a stake in each of the ventures, reinforcing its role as a direct partner in the Saudi and Emirati investments.

Media reports emphasized that the combined investments—estimated at around 1 trillion Egyptian pounds (18.5 billion USD)—signal one of the most ambitious Gulf-backed initiatives in Egypt’s recent history, aimed at driving growth in tourism, housing, and infrastructure development.

These projects highlight the deepening economic partnership between Egypt and Gulf states, building on long-standing political ties and shared goals of strengthening regional economic integration.