en.Wedoany.com Reported - Qatari Diar, the real estate subsidiary of the Qatar Investment Authority, recently announced plans to invest EGP 45 billion (approximately USD 828 million) over the next four years in constructing multiple hotels in East Cairo and Sharm El-Sheikh. This substantial capital expenditure plan aims to support Egypt's tourism industry growth targets by expanding its high-end tourism facilities.

In the East Cairo region, Qatari Diar is advancing the "CityGate" project. The company plans to build four hotels, offering a total of 1,000 rooms. This sub-project is expected to require a total investment of EGP 20 billion and is planned to be developed in collaboration with global hotel brands. According to publicly available information, Qatari Diar currently holds 64 million square meters of land reserves in Egypt, with 8 million square meters already developed. Its goal is to increase the total developed area to 18 million square meters within the next three years.

In Sharm El-Sheikh on the Red Sea coast, the company is conducting a feasibility study for a luxury hotel complex. The project covers an area of 470,000 square meters, with estimated construction costs ranging from USD 350 million to USD 500 million. The related research work is scheduled to be completed within 18 months, and construction is expected to officially commence in 2027.

Furthermore, the Alam Al-Roum project, located 480 kilometers northeast of Cairo, has entered the master planning and final design stage. The first phase of this project includes residential, tourism, and hotel components, involving nearly USD 1 billion in funding, and is expected to break ground in the fourth quarter of 2026. This series of moves follows the company's USD 30 billion Mediterranean coast development agreement signed in November 2025. Through phased massive capital injections, Qatari Diar is leveraging its substantial land reserves and financial strength to reshape the competitive landscape of Egypt's high-end real estate and tourism supply chain.

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