Gaza War Spurs Qatar’s $4 Billion Tourism Investment on Egypt’s Coast
Gaza mediation and post-war reconstruction have proven major investment opportunities for Egypt and Qatar.
Qatar has reportedly committed $4 billion to develop a 5,000-feddan (around 5,200-acre) integrated tourism city in Ras Alam El-Roum, east of Marsa Matrouh on Egypt’s Mediterranean coast. Led by Qatari Diar, a subsidiary of the Qatar Investment Authority, the project is expected to be officially announced later this month. It underscores the deepening partnership between Egypt and Qatar, echoing the UAE’s controversial $35 billion Ras El-Hekma venture nearby. The development highlights a wider, Gulf-driven economic realignment in Egypt in the wake of post-Gaza stabilisation and the Trump peace plan.
