Qatari Diar launches $4.5B first phase of Egypt resort
The Alam El-Roum project is one of several major Gulf investments in Egyptian developments that have come as part of a broader economic bailout
Dr. Mostafa Madbouly, Prime Minister of Egypt, received Sheikh Hamad Bin Talal Al-Thani, CEO of Qatari Diar, at the Cabinet headquarters in New Alamein City on Sunday. (Qatari Diar)
The real estate arm of the Qatar Investment Authority has launched the first phase of its $29.5 billion tourism development on Egypt’s northwestern Mediterranean coast.
The $4.5 billion phase one of Qatari Diar’s Alam El-Roum project, includes a...