Baker McKenzie Cairo Acts as Legal Counsel to the Egyptian Government on Transformative USD Multi-Billion Alam El Roum Urban Development Partnership

Baker McKenzie has provided counsel to the Egyptian Government, represented by the New Urban Communities Authority (NUCA), in forging a strategic partnership with Qatari Diar, the real estate investment arm of Doha's sovereign wealth fund. This collaboration will drive the development of a visionary new urban community spanning over 20 million square meters along Egypt's Mediterranean coast in the Alam El Roum area.

Valued at USD 29.7 billion, this landmark project will create a vibrant, year-round destination featuring world-class hotels, international and local marinas, luxury residences, and dynamic touristic, commercial, and administrative districts. The initiative is set to attract substantial Foreign Direct Investment (FDI), aligning with Egypt's national strategy to elevate tourism infrastructure and accelerate the Western North Coast's development.

Our cross-border team worked seamlessly with government stakeholders, delivering comprehensive legal guidance throughout the project's structuring and execution. Ghada El Ehwany, Managing Partner of Baker McKenzie Cairo, commented: "We are proud to have advised the Egyptian Government on a transaction of this scale, which will unlock significant economic and social value for generations to come. Transactions such as this reflect Egypt's commitment to attracting strategic foreign investment and delivering transformative projects that will shape the country's future."

The Baker McKenzie cross border team include Ghada El Ehwany (Managing Partner, Cairo), Mohamed Elharmy (Partner, Cairo), George Marshall (Partner, London) , Dr. Hesham Ragab (Counsel, Cairo), Heba Samy (Senior Associate, Cairo) and Cristina Brown (Senior Associate, London).