{"id":667201,"date":"2025-06-22T00:00:00","date_gmt":"2025-06-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/22\/qatar-mulls-usd-3-5-bn-north-coast-tourism-project\/"},"modified":"2025-06-22T00:00:00","modified_gmt":"2025-06-22T00:00:00","slug":"qatar-mulls-usd-3-5-bn-north-coast-tourism-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/22\/qatar-mulls-usd-3-5-bn-north-coast-tourism-project\/","title":{"rendered":"Qatar mulls USD 3.5 bn North Coast tourism project"},"content":{"rendered":"

Qatar is in advanc<\/strong>ed discussions to develop a USD 3.5 bn tourism proj<\/strong>ect <\/strong>on the <\/strong>North Coast<\/strong>, Bloomberg<\/a> reported on Thursday, citing sources it says are familiar with the matter. The Qatari side could ink the project\u2019s agreement by the end of 2025, the sources said without disclosing the breakdown and exact location of the project.<\/p>\n

If the agreement goes through, Qatar would make a USD 1 bn payment to Egypt upon <\/strong>signing the agreement<\/strong>, with the remaining amount to be delivered over the following year.<\/strong><\/p>\n

But this isn\u2019t a complete sur<\/strong>prise<\/strong>, with Prime Minister Moustafa Madbouly saying late last<\/a>year<\/a> that Qatar is working on a \u201cvery important\u201d real estate project on the North Coast.<\/p>\n

Qatar also previously agreed to work toward a <\/strong>USD 7.5 bn<\/a><\/strong> package of direct <\/strong>investments <\/strong>in Egypt in the near future, without providing details of the investment plan. The GCC country\u2019s investors are also reportedly eyeing majority stakes<\/a> in terminal operators.<\/p>\n

Investments from the GCC are expected to have a greater footprint in the coming years.<\/strong> Kuwait was previously reported to be in discussions to turn the USD 4 bn<\/a> of deposits it holds in Egypt\u2019s central bank into direct investments across several sectors. Meanwhile, Saudi Arabia plans to convert some of its USD 10.3 bn<\/a> deposits in the central bank into investments. <\/p>\n

REMEMBER-<\/strong> Egypt aims to attract USD 42 bn<\/a> in net FDI during the next fiscal year, with plans to boost that figure to USD 55 bn in FY 2028-2029. The FDI growth is expected to be fueled by interest from foreign investors, particularly from Gulf countries such as the UAE, Saudi Arabia, and Qatar.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement is expected to be inked by the end of 2025<\/p>\n","protected":false},"author":1,"featured_media":667202,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,125,296],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-qatar","wpautop","entry"],"acf":{"mongo_id":"c88e7fc0-ce05-4511-925f-59047b65e00f","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1183.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qatar mulls USD 3.5 bn tourism project on Egypt\u2019s North Coast","related_issue":[667193],"teaser":"The agreement is expected to be inked by the end of 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.887582fa-846b-4d16-81f0-af0cbaad2185.mp3"},"yoast_head":"\nQatar mulls USD 3.5 bn North Coast tourism project - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/22\/qatar-mulls-usd-3-5-bn-north-coast-tourism-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatar mulls USD 3.5 bn North Coast tourism project\" \/>\n<meta property=\"og:description\" content=\"The agreement is expected to be inked by the end of 2025\" \/>\n<meta property=\"og:url\" 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rights for the land and the cost of infrastructure","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674991,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/qatar-to-invest-usd-29-7-bn-in-north-coast-project-2\/","url_meta":{"origin":667201,"position":1},"title":"Qatar to invest USD 29.7 bn in North Coast project","author":"enterpriseam admin","date":"6 November 2025","format":false,"excerpt":"Diar will pay USD 3.5 bn for the land and contribute USD 26.2 bn in in-kind investments to develop the project","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment 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Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/93.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576908,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/qatar-is-eyeing-a-usd-1-bn-green-hydrogen-and-ammonia-project\/","url_meta":{"origin":667201,"position":4},"title":"Qatar is eyeing a USD 1 bn green hydrogen and ammonia project","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"Qatar\u2019s sovereign wealth fund might want in on our green hydrogen ambitions: The Qatar Investment Authority (QIA) is considering investing in a green hydrogen and ammonia project in the Suez Canal Economic Zone, Al Borsa reported yesterday, citing unnamed sources familiar with the matter.What we know: More than USD 1\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674961,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/05\/qatar-to-invest-usd-29-7-bn-in-north-coast-project\/","url_meta":{"origin":667201,"position":5},"title":"Qatar to invest USD 29.7 bn in North Coast project","author":"enterpriseam admin","date":"5 November 2025","format":false,"excerpt":"Good afternoon, folks, and welcome to the almost-weekend. We are starting to wind down, matching the news cycle\u2019s pace and the cooling weather.THE BIG STORY TODAY- ?Qatar will invest USD 29.7 bn \u2014 not a typo \u2014 to develop the Gulf nation\u2019s much anticipated North Coast project through an agreement\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=667201"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667201\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/667193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/667202"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=667201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=667201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=667201"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=667201"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=667201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}