Qatari Diar to invest $800m to build hotels in Egypt

Qatari Diar, the real estate subsidiary of Qatar Investment Authority, is reportedly planning to invest EGP 45 billion ($828 million) to build hotels in East Cairo and Sharm El Sheikh over the next four years.

The company plans to construct four hotels totaling 1,000 rooms as part of the CityGate project in the Fifth Settlement, East Cairo, Asharq Business reported, citing unidentified sources.

The four hotels will be developed in partnership with global hospitality brands and the total investment is estimated at EGP20 billion.

Qatari Diar has a land bank spanning 64 million square metres in Egypt. It has developed 8 million sq m of its land bank and intends to increase the developed area to 18 million sq m over the next three years.

The expansion plans extend to Egypt’s Red Sea coast, where the developer is finalising feasibility studies on a luxury hotel complex in Sharm El Sheikh. 

Spanning 470,000 sq m, the project will cost between $350 million and $500 million. The studies are expected to be completed within 18 months, with construction commencing in 2027.

In November Qatari Diar entered into a partnership agreement to develop a project on Egypt’s Mediterranean coast, with investments reaching $30 billion.

The company is working to complete the master plan and final designs of the Alam Al-Roum project, 480km northeast of Cairo. Construction is expected to start in the fourth quarter of 2026. The first phase will include residential, tourism and hospitality elements, with investments approaching $1 billion, the report said.

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