Qatar to Transfer $3.5 Billion to Egypt for Mediterranean Tourism Site

Qatar will transfer $3.5 billion to Egypt by the end of the year, marking the opening phase of a $30 billion investment by Qatari Diar, the real estate arm of Qatar’s sovereign wealth fund. The initiative will transform Alam Al-Roum, a stretch of Egypt’s Mediterranean coastline, into a new destination of hotels, golf courses, and luxury resorts designed to draw both regional and international visitors.

The investment arrives as Egypt works to conclude a delayed IMF program review, a step expected to unlock an additional $2.5 billion in funding and strengthen its foreign currency reserves. Once costs are recovered, 15 percent of profits will be directed to Egypt’s New Urban Communities Authority, ensuring the project’s benefits extend beyond its investors.

The scale and timing of the deal place it within a broader pattern of Gulf capital shaping new coastal economies, following the UAE’s $35 billion Ras El-Hekma development in 2024. These ventures are not merely commercial; they represent an evolution in how sovereign wealth seeks permanence—converting liquidity into tangible, enduring assets that anchor regional influence for generations.

For those observing the global flow of capital, the movement of investment from oilfields to shorelines tells a larger story. It speaks to a world where the architecture of prosperity is being redrawn—where nations are not only exporting energy, but experience; not only seeking returns, but renewal.