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Qatari Diar, the real estate arm of the Qatar Investment Authority, has announced the masterplan for its $30bn Alam Al-Roum project on Egypt’s north coast.

The masterplan was developed by US-based architectural firm Skidmore, Owings & Merrill.

The master-planning team also includes US-based landscape architecture firm SWA; UK-headquartered marina design and operations consultant Marina Projects; and French transport and traffic engineering consultant Setec.

The development will cover more than 20 million square metres and include 7.2 kilometres of private beachfront on the Mediterranean Sea.

The site is about 20 minutes from Marsa Matrouh and 50 minutes from Ras El-Hekma.

According to a statement, the project includes $3.5bn in direct cash investment and is designed as an integrated, year-round Mediterranean destination.

Alam Al-Roum expands Qatari Diar Egypt’s portfolio, which includes CityGate, New Giza and The St Regis Cairo.

Qatari Diar and Egypt’s New Urban Communities Authority signed the project agreement for Alam Al-Roum in November 2025.

The estimated value of the deal to Egypt is $7.5bn. Under the agreement, Cairo will receive an upfront payment of $3.5bn by late December 2025 for the initial land purchase and is expected to receive an in-kind stake in the project, estimated to be worth $1.8bn.

Qatari Diar’s broader investment plans for the area include spending up to $26.2bn in addition to the $3.5bn already allocated for the land purchase.