Qatari Diar launches phase one of $30bn Egypt development

Qatari Diar has launched the first phase of a tourism development on Egypt’s northwestern Mediterranean coast. The initial build will cost around EGP220 billion ($4.5 billion), with total investment in the Alam El-Roum project expected to reach $29.5 billion. The Qatari company, the real estate arm of Doha’s sovereign wealth fund, transferred $3.5 billion in […]