Baker McKenzie Advised the Egyptian Government On USD 29.7 Billion Alam El Roum Urban Development Partnership
Baker McKenzie advised the Egyptian Government on USD 29.7 billion Alam El Roum Urban Development Partnership
The leading global law firm Baker McKenzie acted as legal counsel to the Egyptian Government, represented by the New Urban Communities Authority (NUCA), in establishing a strategic partnership with Qatari Diar, the real estate investment arm of Doha’s sovereign wealth fund. The partnership will drive the development of a 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, the project will create 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 enhance tourism infrastructure and accelerate development along the Western North Coast.
The Baker McKenzie cross-border team provided comprehensive legal guidance throughout the project’s structuring and execution.
Ghada El Ehwany, Managing Partner, Baker McKenzie Cairo, said,
"We are proud to have advised the Egyptian Government on a transaction of this scale, which will unlock significant economic and social value for generations to come. Transactions such as this reflect Egypt’s commitment to attracting strategic foreign investment and delivering transformative projects that will shape the country’s future."
The Baker McKenzie team on the transaction included Ghada El Ehwany (Managing Partner, Cairo), Mohamed Elharmy (Partner, Cairo), George Marshall (Partner, London), Dr. Hesham Ragab (Counsel, Cairo), Heba Samy (Senior Associate, Cairo), and Cristina Brown (Senior Associate, London).
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