Tatweer Misr officially launched IL Monte Galala Marina Towers, its flagship mixed-use
coastal development in Ain Sokhna, with total investments estimated at
approximately EGP 50 billion (More than USD 1 billion), during a ceremony held
at the Cabinet headquarters in the New Capital and witnessed by Prime Minister
Dr. Mostafa Madbouly. The event also marked the signing of strategic global
partnership agreements governing marina operations, hospitality management,
conference and exhibition activities, and the project’s smart infrastructure
framework.
IL Monte Galala
Marina Towers represents a structural shift within the broader Monte Galala
master development and establishes a new benchmark for integrated coastal
urbanism along Egypt’s Red Sea corridor. Conceived and master-planned by
Tatweer Misr as a strategic maritime gateway, the project advances Ain Sokhna’s
evolution into a fully operational, year-round destination interconnected with
Galala City, the New Capital, and the Suez Canal Corridor.
The development
spans approximately 470,000 square meters of built-up area and comprises 10
mixed-use towers featuring around 2,600 residential and hotel units, an
international marina with capacity exceeding 150 yachts, and a
28,000-square-meter exhibition and conference center, in addition to integrated
commercial and entertainment offerings. Construction is scheduled to commence
in the second half of 2026, with implementation extending over seven years.
Beyond its
physical scale, the project is expected to generate significant direct and
indirect employment opportunities while activating diversified revenue streams
across hospitality, marina operations, and business tourism. By embedding
year-round functionality and integrated operational planning, Tatweer Misr is
reinforcing the Red Sea’s positioning as a high-value investment, logistics,
and tourism corridor aligned with national growth objectives.
Prime Minister
Dr. Mostafa Madbouly affirmed that the project constitutes a qualitative
addition to Egypt’s urban development map and aligns with Egypt Vision 2030 and
the National Urban Development Strategy 2052. He emphasized that IL Monte
Galala Marina Towers reflects the state’s commitment to maximizing the economic
value of its coastlines, diversifying tourism segments, particularly conference
and yacht tourism, and empowering the private sector as a central engine of
sustainable economic growth. The Prime Minister described the development as a
practical model of public-private partnership that enhances Egypt’s
competitiveness, supports job creation, and strengthens foreign currency
inflows.
For Tatweer
Misr, the launch marks the realization of a long-term development vision
initiated in 2014 to reposition Ain Sokhna from a weekend-focused destination
into a dynamic, integrated coastal city operating throughout the year.
Commenting on the occasion, Dr. Ahmed Shalaby, President & CEO of Tatweer
Misr, stated:
“IL Monte Galala
Marina Towers redefines how coastal cities operate in Egypt, from seasonal
destination to fully integrated, year-round destinations. This project reflects
more than a decade of vision and disciplined execution, positioning Ain Sokhna
as a sustainable economic and tourism engine serving Galala City, the New
Capital, and the wider East Egypt corridor. Through innovation, global
partnerships, and smart infrastructure, we are setting a new benchmark for
destination-led development on Egypt’s Red Sea coast.”
Dr. Shalaby
added that the architectural identity of the project draws inspiration from the
Italian coastal city of Portofino, with towers sculpted into the Galala
mountain across multiple levels, complemented by a landmark Crystal Lagoons®
component constructed at the mountain summit. He noted that the development
integrates hospitality, marina operations, conferences and exhibitions,
residential living, and commercial experiences within a unified operational
ecosystem designed to ensure continuous economic activation and long-term value
creation.
During the
ceremony, Prime Minister Madbouly witnessed the signing of key cooperation
agreements between Tatweer Misr and leading international partners. Under
previously signed agreements, Marriott International will operate the hotels
and serviced apartments within the project according to global hospitality
standards. IGY Marinas will serve as international consultant for marina
management and operations, applying global best practices in safety and
efficiency. BCI Realty will manage and operate the exhibition and conference
center as a regional platform for business tourism and international events,
while Schneider Electric will lead the development of the project’s smart
infrastructure, enhancing energy efficiency, environmental performance, and
long-term sustainability.
The project is
being implemented under the supervision of the Ministry of Housing, Utilities
and Urban Communities within a structured institutional framework that ensures
disciplined execution and adherence to approved technical standards. This
alignment between state oversight and private-sector expertise reinforces
investor confidence and positions IL Monte Galala Marina Towers as a scalable
model for integrated coastal investment.
With IL Monte
Galala Marina Towers, Tatweer Misr reinforces its leadership as a destination
builder shaping Egypt’s next generation of smart, sustainable coastal cities.
The launch represents a decisive milestone in Ain Sokhna’s transformation into
a globally competitive, year-round economic and tourism hub.
