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.
