2 Days
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بوابة الشروق
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Red Sea rivals North Coast for year-round projects
The Red Sea region in Egypt is witnessing a growing influx of real estate and foreign investors, with the launch of massive projects and the development of its infrastructure, in an effort to compete with the North Coast and become a main destination for tourism and real estate investment. Plans include the construction of 14 tourism centers along the coast and investment of around one million square meters in Hurghada, with major companies such as Emaar Egypt and Diyar Qatar entering the projects. These initiatives are expected to boost demand in the area throughout the year and enhance its appeal as an investment destination, although the market remains primarily focused on the affluent segment of Egyptians. Experts see that developing integrated projects that include various components such as housing, services, and entertainment is key to sustainable growth, and that expanding foreign investments and funding funds will support ongoing momentum and broaden investment opportunities in the region.
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