{"id":676424,"date":"2025-11-30T00:00:00","date_gmt":"2025-11-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/30\/nautix-to-finalize-galala-marina-operations-contract-with-the-government-next-month\/"},"modified":"2025-11-30T00:00:00","modified_gmt":"2025-11-30T00:00:00","slug":"nautix-to-finalize-galala-marina-operations-contract-with-the-government-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/30\/nautix-to-finalize-galala-marina-operations-contract-with-the-government-next-month\/","title":{"rendered":"Nautix to finalize Galala Marina operations contract with the government next month"},"content":{"rendered":"

The Madboul<\/strong>y government will sign the management and operations contract <\/strong>for Galala Marina next month<\/strong>, after officials finalized the technical and regulatory details last week, a senior government source told EnterpriseAM. The marina will be operated by Nautix \u2014 the marine services company owned by businessman Magdi Ghali, who is planning to form alliances with international investors after signing.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The move is p<\/strong>art of a <\/strong>wider push to promote investment in Galala<\/strong>, with the General Authority for Investments and Freezones last week laying out its plan to launch several investment offerings in Galala City<\/a>. The projects the authority is looking to promote to investors include a yacht marina, a coastal hotel, a water park, a hospital, an upscale residential district, a downtown avenue, and more hotels and resorts.<\/p>\n

Ghal<\/strong>i signed an <\/strong>MoU last year<\/a><\/strong> to develop the marina<\/strong>, but sources tell us the agreement was not activated pending the final contract signing before year-end. Once the agreement is sealed, Nautix will take over the facility and begin rehabilitation and infrastructure works at the start of 2026.<\/p>\n

The <\/strong>contract<\/strong> \u2014 currently undergoing its final <\/strong>regulatory<\/strong> review \u2014 will run for 15 years<\/strong>, renewable for an additional 15 years under a usufruct structure. Up to USD 10 mn will be invested over the next decade, with the Transport Ministry set to receive 60% of earnings starting from the marina\u2019s third year of operations.<\/p>\n

Ghali told us his company is <\/strong>finalizing<\/strong> the management and operations agreement and <\/strong>will begin <\/strong>development works immediately after signing.<\/strong> He added that the state has already built the marina\u2019s core structure and that Nautix will install the necessary equipment to allow vessel berthing within four months. The marina will begin receiving medium-sized yachts within one year and larger vessels of up to 80 meters within two years of the start of development works, Ghali added.<\/p>\n

What\u2019s the marina offering?<\/strong> Planned facilities include natural gas and gasoline fueling stations, full maintenance and repair services, technical equipment supply, internet services, a port-entry permit office, tourist excursions along the Red Sea, and licensed guides. Additionally, Ghali told us his company will build four major restaurants and several retail outlets to boost tourist spending at the marina. The marina will also include a dedicated space for bank representatives to provide financial services to yacht owners and visitors.<\/p>\n

Ghali plans to scale up the marina\u2019s <\/strong>capacity<\/strong> to 620 boats within five years<\/strong>, citing increasing demand from Egyptian and foreign yacht buyers and the shortage of berthing space at the Hurghada Marina.<\/p>\n

Nautix is currently in negotiations <\/strong>with<\/strong> Honda, Volvo, and Mercury to establish certified <\/strong>marine engine service centers and train technical staff<\/strong>, Ghali told EnterprisAM. His company is also in discussions with the Industry Ministry to convert these facilities into a ship mechanic training school offering internationally accredited certificates.<\/p>\n

The contract <\/strong>allows<\/strong> part of the investment to be financed through banks. <\/strong>Ghali said Nautix is already in early talks with the National Bank of Egypt and Banque Misr, with plans to engage international investors once the contract is signed.<\/p>\n

REMEMBER-<\/strong> Egypt has been positioning Galala as a key investment destination under its plan to attract yacht tourism, promote new coastal assets, and raise USD 3 bn a year<\/a> from the sector by FY 2028-29. Egypt has also been working on expanding and standardizing yacht tourism since 2021, introducing unified regulations, upgrading maps of domestic marinas, and identifying high-potential destinations on the Red Sea and the Mediterranean.<\/p>\n

** We dove into all things Galala Marina last year <\/strong>in a Hardhat deep dive into Egypt\u2019s push to put itself on the global yacht tourism map. Check out the story here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move is part of a wider push to promote investment in Galala<\/p>\n","protected":false},"author":1,"featured_media":676425,"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":[1],"tags":[72,955,7111,238,8717],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-infrastructure","tag-tourism","tag-yachts","wpautop","entry"],"acf":{"mongo_id":"1e164239-3693-4af4-b226-1735fd76d590","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2538.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nautix to finalize Galala Marina operations contract with the government next month","related_issue":[676412],"teaser":"The move is part of a wider push to promote investment in Galala","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.98b7fb7f-810b-4d2d-a7d0-5ec51f187044.mp3"},"yoast_head":"\nNautix to finalize Galala Marina operations contract with the government next month - 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PLUS: HBS International, Mubasher Capital, nauTix, Orascom Construction + Hitachi + Colas Rail, Samnoud Textiles","author":"enterpriseam admin","date":"2 September 2024","format":false,"excerpt":"Mountain View has acquired its first plot of land in a \u201cstrategic location\u201d in Riyadh","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1572.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676096,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/24\/govt-is-working-to-position-galala-as-an-attractive-investment-destination\/","url_meta":{"origin":676424,"position":1},"title":"Gov\u2019t is working to position Galala as an attractive investment destination","author":"enterpriseam admin","date":"24 November 2025","format":false,"excerpt":"Good morning, folks. It is looking like a calm day for business news in Egypt, with privatization leading the news well as the government gears up to offer a handful of fresh investments in Cairo\u2019s historic center. And while we\u2019re on the topic of investments, the state is also looking\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653484,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/17\/following-up-on-the-galala-university-bus-crash\/","url_meta":{"origin":676424,"position":2},"title":"Following up on the Galala University bus crash","author":"enterpriseam admin","date":"17 October 2024","format":false,"excerpt":"Last night\u2019s talk shows focused on developments in the Galala University bus crash that took place earlier this week, killing 12 and injuring 33. The bus was transporting students to their Ain Sokhna residence because of limited available on-campus housing, Galala University President Mohamed El Shinawi told Ala Masouleety\u2019s Ahmed\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1410.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598561,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/el-attal-to-break-ground-on-egp-2-5-bn-tourism-project-in-el-galala-in-4q2019\/","url_meta":{"origin":676424,"position":3},"title":"El Attal to break ground on EGP 2.5 bn tourism project in El Galala in 4Q2019","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"Real estate player El Attal Holding will break ground on its planned tourism project in El Galala, Ain Sokhna in 4Q2019, Chairman Ahmed El Attal said. The project, which El Attal announced in earlier press statements, will come at an investment cost of EGP 2.5 bn.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622832,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/italys-pedrini-to-establish-marble-industrial-complex-at-el-galala\/","url_meta":{"origin":676424,"position":4},"title":"Italy\u2019s Pedrini to establish marble industrial complex at El Galala","author":"enterpriseam admin","date":"14 October 2018","format":false,"excerpt":"Italian marble manufacturer Pedrini is planning to establish a manufacturing complex in the El Galala area, which will house seven factories, Ittihadiya said in a statement. President Abdel Fattah El Sisi met with the company\u2019s CEO in Cairo yesterday to discuss their future investment plans. Details on financing and timeline\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625967,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/27\/kerten-to-manage-tatweer-misrs-hotels-in-fouka-bay-and-il-monte-galala\/","url_meta":{"origin":676424,"position":5},"title":"Kerten to manage Tatweer Misr\u2019s hotels in Fouka Bay and Il Monte Galala","author":"enterpriseam admin","date":"27 August 2018","format":false,"excerpt":"Tatweer Misr will sign today an agreement with Ireland-based Kerten Hospitality to manage the former\u2019s hotels in the North Coast\u2019s Fouka Bay and Ain Sokhna\u2019s Il Monte Galala, according to Al Masry Al Youm. It remains unclear when the hotels will launch.","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676424","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=676424"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676424\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/676412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/676425"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=676424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=676424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=676424"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=676424"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=676424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}