Since the 1960s, Egypt’s North Coast has been a popular vacation spot with the nation’s wealthy elite. But now, its 650-mile-long Mediterranean shoreline is undergoing an unprecedented, and rapid, real estate transformation.
Over the past two decades, an estimated $70 billion has been poured into the North Coast for city-scale projects, including holiday resorts, residential neighborhoods, and industrial zones — and at least $150 billion more in investment is expected in the coming decades, according to analysis from PwC Middle East.
This money is largely coming from Gulf nations, which have invested $59 billion in Egypt Since 2021, according to real estate consultancy Knight Frank. Qatar is reportedly currently discussing a $3.5 billion tourism project there, and last year, Egypt received its largest-ever single foreign investment, which saw $35 billion from Emirati sovereign wealth fund ADQ earmarked for real estate projects, including $24 billion for
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