Qatar Starts Large-Scale Egypt Investments
The "Roman World" project developed by Layan Qatar Company in Egypt's North Coast is a comprehensive urban and tourism destination with an investment value estimated at around $30 billion. The project includes the construction of a residential and entertainment area covering a total area of approximately 20.5 million square meters, of which 10.5 million square meters are built-up. There are plans to begin delivery operations by 2030. The project focuses on developing an integrated infrastructure that includes schools, universities, hospitals, business districts, and an international yacht marina, all aimed at making the area a year-round tourist and residential destination, rather than just a summer season spot. The company is targeting sales exceeding $50 billion upon completion, with expectations of generating over 300 billion Egyptian pounds in sales during the first phase. This forecast is based on high hotel occupancy rates during the summer and increasing numbers of tourists, supported by the project's proximity to Mersa Matruh Airport and easy access from international markets, as part of Egypt's efforts to transform the North Coast into a permanent urban and tourism community.
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