Qatar signs $29.7 billion deal to develop coastal project in Egypt

Egypt and Qatar sign an agreement to develop over 20 million square meters of coastline into a luxury destination with residential neighborhoods, resorts, marinas, golf courses, and hotels.

Women sit by the coast of the Mediterranean Sea during sunset, in Alexandria, Egypt October 8, 2023.

Women sit by the coast of the Mediterranean Sea during sunset, in Alexandria, Egypt October 8, 2023.

(photo credit: REUTERS/Mohamed Abd El Ghany/File Photo)

ByTHE MEDIA LINE STAFF

NOVEMBER 7, 2025 13:53