Egypt to Receive $3.5 Billion for “Alam Al-Roum” Deal with Qatar by 2025-end

Egyptian Prime Minister Mostafa Madbouly announced Thursday that Egypt will receive $3.5 billion by the end of December as payment for the “Alam Al-Roum” coastal land from Qatari Diar, alongside in-kind housing units valued at $1.8 billion and 15% of the project’s net profits after costs are recovered by the developer.

The deal marks one of Qatar’s largest global real estate investments, with total project investments reaching about $30 billion.

The Alam Al-Roum project, located in Matrouh Governorate about 50 kilometers west of Ras El-Hekma, spans 20.5 million square meters (4,900 feddans). It aims to build a year-round integrated urban community featuring international hotels, residential districts, commercial centers, hospitals, schools, and universities.

Madbouly stated that the project will create over 250,000 direct and indirect jobs for Egyptians and attract major global hotel brands entering Egypt for the first time.

“This partnership represents a major boost for the North Coast’s development and a testament to the strength of Egyptian-Qatari relations,” Madbouly said at the signing ceremony.

The $3.5 billion land payment will go to Egypt’s New Urban Communities Authority (NUCA), which will also receive 397,000 square meters of residential units (worth $1.8 billion)

According to Finance Minister Ahmed Kouchouk, quoted by Reuters, the funds are foreign direct investment (FDI), not deposits, underscoring growing investor confidence in Egypt’s real estate and tourism sectors.

The project is expected to generate annual revenues exceeding $1.8 billion for Qatari Diar once fully operational.

Madbouly described Alam Al-Roum as a cornerstone of Egypt’s North Coast development strategy, projecting the area could accommodate up to 17 million residents by 2030.

He added that the venture symbolizes deepening economic cooperation between Egypt and Qatar, following years of strengthened ties and renewed Gulf investment interest in Egyptian infrastructure and real estate.

Separately, Madbouly announced that Egypt will sign 50 new agreements with global technology companies next Sunday in the telecommunications sector, part of the government’s broader effort to diversify foreign investment inflows beyond real estate.