Tatweer Misr has launched SALT Marina within its SALT project on Egypt’s North Coast, in a move aimed at strengthening the region’s position as a year-round tourism destination. The project reinforces the concept of the blue economy through the development of a world-class marina that serves as an integrated hub for yachts, tourism, and leisure activities, in line with the state’s vision to develop coastal tourism and maximize the potential of Egypt’s Mediterranean and Red Sea coastlines.

During a press conference, Dr. Ahmed Shalaby, Co-founder, President & CEO of Tatweer Misr, stated that Egypt possesses exceptional assets that qualify it to become one of the region’s leading marine and tourism destinations. He noted that marinas are no longer merely berthing facilities for yachts but have become key drivers of coastal destination development, investment attraction, job creation, and economic growth.

Marina: A Key Pillar of the Blue Economy

Shalaby explained that SALT Marina is part of the company’s strategy to support the blue economy by maximizing the sustainable economic value of marine resources. He added that the marina will serve as an economic catalyst capable of stimulating tourism activity, increasing visitor spending, and supporting yacht tourism, one of the fastest-growing tourism segments worldwide.

He also noted that SALT Marina builds on the success of the marina at IL Monte Galala, while introducing a more integrated concept tailored to the unique nature of the North Coast. He added that the project reflects Tatweer Misr’s vision of creating integrated destinations for living, working, and leisure rather than simply developing real estate projects, delivering added value to both the economy and society while creating a lasting positive impact on people’s lives.

A World-Class Design Inspired by International Marinas

The project spans approximately 340 sqm, including around 105,000 sqm dedicated to the marina. The remaining area consists of terraced residential and hospitality developments overlooking the marina, allowing nearly 80% of the units to enjoy direct sea views, while the remaining units overlook crystal lagoons.

The marina features a distinctive engineering design carved into a natural cliff, inspired by some of the world’s most renowned marinas in Italy and Turkey, giving the project a unique architectural identity. The design was developed in collaboration with Italian consultancy Gianluca Peluffo & Partners and the British firm BCI Studio, in accordance with the highest international standards for marina design and operation.

The marina is planned to accommodate approximately 65 yachts ranging from 50 to 80 feet in length. It will also feature a fully integrated destination including restaurants, cafés, entertainment and service facilities, a hotel, and residential and serviced hospitality units.

Major Investments and Strong Economic Returns

The total investment cost of SALT Marina is estimated at approximately EGP 28 bn, while projected sales revenues are expected to reach around EGP 40 billion. The project is also expected to generate at least 5,000 direct jobs and 15,000 indirect jobs, attract approximately 600,000 visitors annually, and generate around EGP 3 bn in annual direct operating revenues, and estimated annual economic impact of approximately EGP 6 billion, reinforcing its role as an important economic driver.

A Marine Connectivity Network Across Tatweer Misr Projects

Tatweer Misr also announced the launch of  Tatweer Misr North Club, an initiative that aims to establish a marine transportation network connecting its three Mediterranean projects: SALT, Fouka Bay, and D-Bay. The system will operate through smart marine transport services managed via a dedicated mobile application, enabling seamless movement between the company’s coastal destinations.

Shalaby explained that this initiative represents the beginning of a broader vision that could eventually connect the company’s Mediterranean projects with its Red Sea developments, creating a fully integrated network of tourism destinations.

SALT: An Integrated Coastal Destination

SALT is one of Tatweer Misr’s largest developments on the North Coast. Launched in 2023 following nearly two years of obtaining the required approvals, the project comprises approximately 6,000 residential units, of which around 2,250 units have already been sold.

The project’s total investment size is estimated at EGP 70 bn, with expected revenues reaching EGP 100 bn. Full completion is scheduled for 2034, while the company targets the delivery of approximately 1,000 units during 2027.

Sustainability and Expansion of Tourism Destinations

The company’s CEO emphasized that sustainability remains a core pillar across all Tatweer Misr developments. This is reflected in the adoption of environmentally friendly internal transportation systems and the development of infrastructure that supports the project’s long-term sustainable operation.

He also revealed that Tatweer Misr continues to explore new investment opportunities across the North Coast, the Red Sea, and East and West Cairo, with a particular focus on the Red Sea. These plans align with the state’s vision for developing tourism destinations while supporting renewable energy projects and data centers. He added that the company aims to announce additional investments during the current year.