In a strategic move reflecting the Egyptian state’s ambitions to advance the tourism and real estate sectors, Prime Minister Mostafa Madbouly witnessed the signing of the Il Monte Galala Towers & Marina project agreement. Dr. Ahmed Shalaby, President and CEO of Tatweer Misr, announced the project details, describing it as one of the largest investments on the Red Sea coast.

The project is not merely a new real estate addition; it represents the main waterfront gateway and the urban and tourism anchor of the broader Il Monte Galala development.

It aligns with Egypt’s vision to reshape its urban and economic landscape through the creation of new cities built on productive economic bases that serve as direct engines of growth rather than purely residential communities.

Developed as an integrated development model that transcends the traditional real estate concept, the project reflects effective collaboration between state institutions and the private sector, enhancing the efficiency of national project implementation, supporting development and economic targets, and reinforcing investor confidence in Egypt’s investment environment.

A Multi-Use City Operating Year-Round

The project is designed as a fully integrated destination combining a marina, hospitality, residential units, tourism and commercial activities, as well as an international exhibition and conference center. This model reinforces the concept of non-seasonal coastal cities capable of operating efficiently throughout the year.

The diversity of uses ensures sustained operations, generates direct and indirect employment opportunities, and supports MICE tourism (Meetings, Incentives, Conferences, and Exhibitions) as well as yacht tourism, thereby strengthening economic stability across the Red Sea region.

Figures Reflecting the Scale of Ambition

General Project Data:
Construction start date: Second half of 2026
Implementation period: 7 years
Location: Part of Il Monte Galala – Ain Sokhna
Expected investments: Approximately EGP 50 billion (around USD 1 billion)
Total built-up area: Approximately 470,000 sqm
Number of towers: 10 mixed-use towers totaling 280,000 sqm
Total units: 2,600 residential and hotel units
Exhibition & conference center: 28,000 sqm
Elevation range: From +90 meters to 260 meters above sea level
Excavation and backfilling works: Approximately 2.2 million sqm

Residential Units:
Unit types: Studio, 1-bedroom, 2-bedroom, 3-bedroom, loft, penthouse
Sizes: From 60 sqm to 430 sqm

Hotels & Serviced Apartments:

Number of hotels: 2
Total keys: Approximately 1,000 rooms and serviced apartments
Beach Club: Around 1,700 sqm

Business & Leisure Components:
Exhibition & conference center: Approximately 28,000 sqm including facilities and annexes
Commercial area: Around 50,000 sqm
Yacht club: Around 1,700 sqm
Lighthouse

Marina & Infrastructure:
Marina capacity: More than 150 yachts ranging from 10 to 80 meters
Helipad
Public parking: 1,200 spaces

Dedicated parking: Allocated for each tower

A National Project Within the State’s Comprehensive Development Vision

The project falls under Egypt’s broader strategy to establish new cities anchored by productive economic nuclei that function as direct growth drivers. In line with presidential directives, the Ministry of Defense represented by the Engineering Authority of the Armed Forces will oversee:
Issuance of all tower-related permits
Supervision of marina construction works

This institutional framework ensures disciplined execution and compliance with approved technical standards.

It aims to optimize land use and achieve balanced, sustainable growth consistent with Egypt Vision 2030.

A Scalable Investment Platform

The project offers a structured, low-risk investment environment capable of attracting long-term, high-quality investments while maximizing economic returns from Egypt’s strategic coastal assets further strengthening confidence in the Egyptian market both regionally and internationally.

An International Partnership Ecosystem Enhancing Competitiveness

The project is supported by a network of leading global partners:

Marriott International
Partner and operator of the hotels and serviced apartments, ensuring the application of the highest global hospitality standards and long-term operational excellence.

IGY Marinas
International marina management consultant, paving the way for a full operational agreement to ensure adherence to global best practices in marina planning, safety standards, and operational efficiency.

BCI Realty
A UK based specialist appointed as manager and operator of the exhibition and conference center, positioning it as a regional platform for business tourism and international events.

Schneider Electric
Sustainability and technology partner, supporting smart infrastructure development, energy efficiency, and enhanced environmental performance in line with the highest ESG standards.
Gianluca Peluffo & Partners
The Italian firm responsible for the master plan and architectural design, building on its role in shaping the architectural vision of Il Monte Galala from early concept stages through detailed execution.

Crystal Lagoons
The Chilean global leader in crystalline lagoon development. Il Monte Galala features the world’s first Crystal Lagoon atop a mountain an unprecedented global milestone reinforcing the project’s international distinctiveness.

Orange Egypt
Official digital infrastructure and IT operator, delivering advanced connectivity solutions and smart systems to ensure efficient destination management.