Egypt Launches Investment Zone for $29.7 Billion 'Alam El Roum' Project
Egypt has launched an investment zone for Qatari Diar's 'Alam El Roum' project on the North Coast, with a value estimated by Forbes Middle East at around $29.7 billion.
Egypt has launched a dedicated investment zone for Qatari Diar's 'Alam El Roum' project on the North Coast, aiming to support tourism, real estate, and service activities in the region.
The launch of the zone was attended by Minister of Investment and Foreign Trade Mohamed Farid Saleh and Minister of Housing Randa Al-Minshawi, according to a report by Zawya agency.
Forbes Middle East reported that the value of the 'Alam El Roum' project stands at approximately $29.7 billion, noting that the launch took place on October 18.
'Alam El Roum' is one of the projects promoted by Egypt on the North Coast, with Forbes Middle East stating that the new investment zone will serve tourism, real estate, and service activities.
What do these terms mean?
Investment Zone: A designated area where the state grants special facilities and procedures to attract investment.
Real Estate Development: The construction and preparation of residential, commercial, or tourism projects on raw land.
North Coast: An Egyptian coastal strip on the Mediterranean Sea featuring tourism and real estate projects.
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