Baker McKenzie Cairo Advises 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), on 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 establish 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 expected to attract substantial Foreign Direct Investment (FDI), aligning with Egypt's national strategy to elevate tourism infrastructure and accelerate the development along the Western North Coast.