Qatari Diar kicks off EGP 220 bn first phase of its Alam El Roum megacity + More Gulf money for Sahel

Sahel is changing fast

Qatari Diar launched the first phase of its Alam El Roum development, with up to EGP 220 bn going into the 4 mn sqm phase cabinet statement

What the first EGP 220 bn buys:

There is more infrastructure in the mix: Skidmore, Owings & Merrill (SOM) watch, runtime: 4:11

REMEMBER- checked in last month SWA Group USD 29.7 bn development agreement

Qatari Diar is planning a much bigger Egypt footprint:

The government tapped an unnamed Emirati investor to develop the 642-feddan Jefaira plot on the North Coast under a partnership deal valued at around EGP 135 bn

We’ve heard this before: last January

IN CONTEXT- USD 35 bn Ras El Hekma agreement USD 29.7 bn Alam El Roum agreement

Qatari investors eye Sahel

Another group of unnamed Qatari investors is sizing up two North Coast developments of nearly EGP 6 bn Al Borsa

IN CONTEXT- reported in December

Powering follows the buildout

The Egyptian Electricity Transmission Company (EETC) plans to invest an initial EGP 6.5 bn to build four 220 kV substations on the North Coast over the next two years

More rooms, more load:

IN CONTEXT- last summer

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