Egypt : Qatari Diar to invest $29.7 billion in luxury Mediterranean coastal development

Qatari Diar, the real estate arm of Qatar’s sovereign wealth fund, will invest $29.7 billion to transform Alam Al-Roum, a 7-km stretch on Egypt’s Mediterranean coast, into a year-round luxury destination. The project will include golf courses, marinas, upscale neighborhoods, schools, universities, and government facilities, boosting Egypt’s tourism and real estate appeal.