Egypt Launches $1 Billion Red Sea Development, Monte Galala Towers and Marina
– Egypt announced plans today for a large-scale marina, hotel, and housing development on the Red Sea, aiming to bolster the region’s tourism sector. The project, known as “Monte Galala Towers and Marina,” represents an investment of $1 billion.
The development will span 470,000 square meters on the Gulf of Suez, approximately 35 kilometers south of Ain Sokhna, according to Ahmed Shalaby, managing director of Tatweer Misr, the main developer. Construction is slated to begin in the second half of this year and is expected to take seven years to complete.
The project is a collaborative effort involving the housing ministry, the armed forces’ engineering authority, and Tatweer Misr. It will consist of ten towers and is valued at 50 billion Egyptian pounds, equivalent to approximately $1.07 billion, Shalaby stated.
The announcement, also made by the Egyptian cabinet, comes as the country seeks to significantly increase its tourist arrivals. Egypt aims to attract around 30 million tourists by 2030, a substantial increase from the approximately 19 million recorded in 2025 by the tourism ministry.
The Monte Galala Towers and Marina project is envisioned as a mixed-use development, incorporating residential, hospitality, and recreational facilities. Details regarding specific hotel brands and housing options are expected to be released as the project progresses.
Tatweer Misr, the lead developer, has a track record of successful projects and is partnering with global companies for expertise in urban planning, hotel operations, and sustainability, according to reports. The company signed a number of cooperation and strategic partnership agreements with international firms in these areas today.
The location of the development, in the Galala area, is strategically positioned to capitalize on the growing interest in Red Sea tourism. The area is being developed as a global destination, offering a combination of mountain and seaside attractions.
The project’s scale and investment signal Egypt’s commitment to expanding its tourism infrastructure and attracting foreign investment. The government views the Red Sea region as a key driver of economic growth and is actively promoting its development.
While specific details regarding unit pricing and payment plans were not immediately available, Tatweer Misr indicated that flexible payment options will be offered to potential buyers. The project aims to provide a range of housing options, from studios to standalone villas.
The Monte Galala Towers and Marina project is expected to create numerous job opportunities during both the construction and operational phases. The development will also contribute to the overall economic development of the Ain Sokhna region and the surrounding areas.
The project’s focus on sustainability is also noteworthy, with plans to incorporate environmentally friendly practices and technologies throughout the development. This aligns with Egypt’s broader efforts to promote sustainable tourism and protect its natural resources.
