Qatar Diar Begins Ilm al-Rum City Phase in Egypt
Qatari Diar has launched the first phase of the "Aalam Al-Rum" project on the northwestern coast of Egypt, with investments reaching up to 220 billion Egyptian pounds. The aim is to develop an integrated tourism and investment zone. The first phase covers an area of 4 million square meters and includes a beach and a 2-kilometer-long promenade, natural and artificial lakes, a marina capable of accommodating 50 yachts, four hotels with more than 1,000 rooms, as well as sports and commercial centers. The components of this phase are expected to be delivered by 2030. The project aims to establish the area as a regional hub for maritime tourism and global sports industries, targeting the creation of approximately 30,000 direct and indirect job opportunities. The overall investment value reaches $29.7 billion.
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