Egypt has signed a significant investment partnership with Qatar’s sovereign wealth fund arm, Qatari Diar Real Estate Investment Company. The deal will see the development of an integrated urban tourism project on the Mediterranean coast in the Alam El Roum area. The total investment is estimated at more than USD 29.7 billion. The project spans 4,900 acres and 7.2 kilometers of coastline, and aims to transform the area into a world-class destination. It will include high-end residential complexes, luxury resorts with over 4,500 hotel rooms, and a new marina. The agreement includes an initial cash payment of USD 3.5 billion to Egypt. Prime Minister Dr Mostafa Madbouly emphasised that the deal reflects the strong fraternal relations and investment cooperation between Egypt and Qatar.
Qatar Airways and Kenya Airways have expanded their partnership with codeshare flights to 19 destinations, enhancing connectivity between Africa, the Middle East, and Asia. The new flights will allow passengers to access a wider network of leisure and business destinations via Nairobi and Doha.
Qatar is set to fast-track property ownership and residency rights for foreign investors, allowing buyers of real estate worth at least $200,000 (around QR700,000) to receive title deeds and residency visas within days. The initiative, spearheaded by the Real Estate Regulatory Authority (RERA), comes as the country’s property market records a sharp 29.8% year-on-year rise in transaction values for the second quarter of 2025.
Qatar Foundation’s Earthna and Qatari Diar have signed an MoU to advance sustainable urban development through the Arid Cities Network, focusing on solutions for cities in hot and arid environments.
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