Al-Diyar Qatar: Byzantine Flag Appears on Egypt's North Coast
The Qatar Diar Company has announced a massive project in the Alam Al Rom area on the North Coast of Egypt. The project spans 4,900 acres along 7.2 kilometers of the Mediterranean Sea coastline, with an estimated cost of $29.7 billion. The aim is to transform the area into an integrated tourism and investment destination, featuring luxury housing, tourism and entertainment developments, artificial lakes, golf courses, and a marina for yachts. It will also include infrastructure such as a free zone, hospitals, schools, and government offices. The project is expected to create over 250,000 jobs and attract investments that will boost Egypt’s economic growth. Anticipated revenues from sales are projected to reach $1.8 billion, with the majority of the space designated for residential and service uses.
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