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Qatari Diar to enter $29.7 billion deal for real estate project in Egypt — Reuters

Middle East News

05-11-2025 | 05:21

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Qatari Diar to enter $29.7 billion deal for real estate project in Egypt — Reuters

Qatari Diar, the real estate arm of Doha's sovereign wealth fund, will enter into a partnership deal to develop a project on Egypt's Mediterranean coast with investments worth $29.7 billion, a source with direct knowledge told Reuters on Wednesday.

The agreement with Egypt's New Urban Communities Authority includes a payment of $3.5 billion for the land and an in-kind investment of $26.2 billion to build the project that will cover an area of 4,900 acres along a 7.2 km stretch of coastline.

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