Qatari Diar aims to invest $1 billion in hotel projects in Egypt over four years.
Sources have stated that Qatari Diar, the real estate arm of the Qatar Investment Authority, aims to invest 45 billion Egyptian pounds (approximately $828 million) in hotel projects in East Cairo and Sharm El Sheikh, Egypt, over the next four years.
According to Al-Sharq newspaper, the sources explained that the company plans to develop four hotels of varying categories, totaling 1,000 rooms, within the City Gate project in New Cairo's Fifth Settlement. They added that the four hotels will be built in partnership with international hotel brands catering to diverse segments, with total investments estimated at around 20 billion Egyptian pounds.
Qatari Diar owns a land portfolio in Egypt totaling 64 million square meters, of which it has developed approximately 8 million square meters to date. The company aims to increase its development to 18 million square meters within the next three years.
The company's expansion extends to Egypt's Red Sea coast, where it is finalizing studies for a luxury hotel complex in Sharm El Sheikh, spanning 470,000 square meters. Investments are expected to reach between $350 million and $500 million within 18 months, with construction anticipated to begin in 2027.
This coincides with the company's broader expansion in Egypt. Last year, Qatari Diar signed a partnership agreement with Egypt's New Urban Communities Authority to invest $29.7 billion in developing a tourism project on the North Coast in the Alam El Roum area.
The agreement includes a $3.5 billion land payment, in addition to an in-kind investment of $26.2 billion to develop a 4,900-acre, 7.2-kilometer-long coastal project, with a 15-year development plan.
Qatari real estate company Al-Diyar has received approximately 1,500 acres of land, representing the first phase of its Alam El Roum project on Egypt's North Coast, from the New Urban Communities Authority. This paves the way for construction to begin and the project's launch in the last quarter of 2026. The company has finalized the land handover procedures and is currently working on completing the master plan and final designs. The first phase will include residential, tourism, and hotel components, in addition to commercial and entertainment facilities, with investments approaching $1 billion.
The Alam El Roum area, named for an ancient Roman fort located there, lies east of Marsa Matrouh. It is a popular destination for fishing enthusiasts and family tourists thanks to its tranquil beaches and unique natural beauty.
While the Alam El Roum project is the company's largest in Egypt, its portfolio also includes the St. Regis Hotel on the Nile Corniche in downtown Cairo.