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Qatari Diar Real Estate Investment Company signed an investment partnership agreement with Egypt's New Urban Communities Authority to implement an integrated urban tourism project according to the highest international standards, in the Alam El Roum area on the North Coast of Matrouh Governorate.The project extends over an area of ​​around 4,900 acres and along 7.2km of Mediterranean beaches, with total investments estimated at more than $29.7bn.The signing ceremony was attended on the Egyptian side by Prime Minister Dr Mostafa Madbouly, Minister of Finance Dr Ahmed Kouchouk, and Minister of Housing, Utilities, and Urban Communities Sherif El Sherbini.On the Qatari side, it was attended by His Excellency Minister of Municipality and Chairman of the Board of Directors of Qatari Diar Abdullah bin Hamad bin Abdullah al- Attiyah, CEO of Qatari Diar Ali Mohammed al-Ali, and Chief Development and Project Delivery Officer — Asia and Africa at Qatari Diar, Sheikh Hamad bin Talal al-Thani.The project aims to transform Alam al-Roum into a comprehensive tourism and investment destination, encompassing residential, tourist, commercial, and service areas. It will feature upscale residential complexes and neighbourhoods, tourism and entertainment projects, open artificial lakes, golf courses, and a marina for yachts, including one international and two inland local marinas. The project will also include a complete infrastructure, such as a service free zone, electricity distribution and water desalination and treatment plants, hospitals, schools, universities, and several government offices.Stretching along a 7.2 km waterfront, the project is expected to be one of the largest development projects in the region and is anticipated to attract investments, boost economic growth, and create both direct and indirect job opportunities.The agreement includes a cash price of $3.5bn and an in-kind consideration of 396,000 square meters of built-up area, the sale of which is expected to generate revenues of at least $1.8 bn. In addition, 15 % of the project's profits will be allocated to the New Urban Communities Authority after the company recovers its full investment costs. These profits include the output of the company and its subsidiaries.The land use within the project is distributed as follows: residential land constitutes approximately 60 % of the total area, 15 % is allocated to service areas, and 25 % to roads, squares, and open green spaces. The project land will be delivered free of any encumbrances in two main phases and several sub-phases.In this context, Dr Mostafa Madbouly emphasised that this agreement represents a major investment partnership reflecting the depth of the fraternal relations between Egypt and Qatar. He said that it is an important step in strengthening economic and investment cooperation between the two countries, given the distinguished relationship between President Abdel Fattah al-Sisi and His Highness the Amir Sheikh Tamim bin Hamad al-Thani. He added that the partnership embodies the vision of both leaderships for integrated economic cooperation that contributes to supporting sustainable development and attracting high-quality investments to the Egyptian market.He noted the government's commitment to removing any obstacles facing investors and its keen interest in partnering with Qatar on this project, which is one of the largest Arab investments in the real estate and tourism development sector and reflects investor confidence in the Egyptian economy.For his part, HE Abdullah bin Hamad bin Abdullah al- Attiyah said that the project represents a strategic step toward enhancing the status of Egypt's North Coast as a comprehensive global destination, and embodies Qatar's commitment as a partner in supporting the Egyptian government's efforts to achieve sustainable development and year-round operation of coastal areas.The project represents one of the most prominent investment ventures in the region, with a total investment of approximately $29.7 bn, he said, noting that this is expected to provide more than 250,000 direct and indirect job opportunities.HE Minister of Municipality and Chairman of the Board of Directors of Qatari Diar added that the project also reflects Qatari Diar's confidence in the strength of the Egyptian economy and its belief in the value of investing in Egypt's unique geographical location.Speaking to Qatar News Agency following the signing of the deal, CEO of Qatari Diar Ali Mohammed al-Ali emphasized that the "Alam al-Roum" project represents a new step in developing luxury destinations in Egypt, as part of a series of strategic investments targeting high-value tourist destinations. He added that the project will be a landmark in the development of the North Coast and a global destination that will redefine tourism standards on the Mediterranean through development spanning more than 20mn square meters and boasting over 4,500 hotel rooms.He indicated that the project will be implemented by a special-purpose project company wholly owned by Qatari Diar, in coordination with the New Urban Communities Authority to ensure the design adheres to the highest international standards.

Qatari Diar marked the official opening of The Chancery Rosewood Hotel in central London with a high-profile event celebrating art, architecture, and elegant hospitality, unveiling a new luxury destination that seamlessly blends cultural heritage with contemporary design.The hotel is located in the former US Embassy building in the Mayfair district, which has been redesigned to become a new beacon of contemporary elegance and architectural excellence in the heart of London.**media[369514]**The opening ceremony was attended by His Excellency Abdullah bin Hamad bin Abdullah Al-Attiyah, Minister of Municipality and Chairman of Qatari Diar, His Excellency Sheikh Abdullah bin Mohammed bin Saud Al Thani, Ambassador of the State of Qatar to the United Kingdom, Eng. Ali Mohammed Al Ali, CEO of Qatari Diar, along with Ms. Sonia Cheng, CEO of Rosewood Hotel Group, Radha Arora, President of Rosewood Hotels & Resorts, and a number of distinguished guests and dignitaries.The event featured live musical and artistic performances, stunning architectural lighting that celebrated the spirit and history of the venue, as well as gourmet culinary experiences and artisanal displays that reflected the cultural identity of the hotel.The hotel occupies a Grade II listed historic building designed by the renowned architect Eero Saarinen, and was revitalized by the architectural firm of David Chipperfield. The project exemplifies Qatari Diar’s commitment to revitalizing historic landmarks and transforming them into vibrant, modern destinations that blend luxury with cultural identity.On this occasion, HE Abdullah bin Hamad bin Abdullah Al Attiyah stressed that today is a historic moment with the opening of The Chancery Rosewood Hotel in London, which embodies Qatari Diar's vision of reviving one of the city's most iconic landmarks in a way that merges rich heritage with contemporary design. In partnership with Rosewood Group, they have delivered an exceptional hospitality experience that redefines luxury in London.He added that Qatari Diar's commitment to the British capital is steadfast, through the revitalization of historic sites with a modern vision, connecting Mayfair and Grosvenor Square with the local community as part of their broader vision for sustainable development.**media[369515]**For his part, CEO of Qatari Diar Eng. Ali Mohammed Al Ali said that The Chancery Rosewood Hotel represents a new milestone in Qatari Diar's journey toward modern global urban development. This project reflects their fruitful partnership with Rosewood Group in transforming one of London's most prominent landmarks into a global destination that blends luxury and culture.He added:“At Qatari Diar, we believe in the importance of preserving architectural heritage and repurposing it in a way that promotes sustainable development and reflects Qatar’s leading position in global real estate development.”Sonia Cheng, CEO of Rosewood Hotel Group, commented:“The Chancery Rosewood is a true embodiment of our brand’s identity—centered on stories, values, and human connections that form the core of Rosewood today. In collaboration with Qatari Diar, our partners, and the local community, we have revived one of London’s most iconic landmarks, transforming it into a destination brimming with art, culture, and contemporary design. Our mission remains steadfast: to enrich people and the environment, and to celebrate the unique stories and cultures that give each destination its distinctiveness.”The hotel features 144 luxurious suites and elegantly designed public spaces created by French designer Joseph Dirand, showcasing intricate craftsmanship rooted in history with breathtaking views of Grosvenor Square and Hyde Park.**media[369513]**The hotel also houses eight upscale dining venues, including the first European branch of the famed Carbon restaurant from New York, and Toby Masa, by world-renowned chef Masayoshi "Masa" Takayama, holder of three Michelin stars, making his debut outside of New York.Crowning the building is the iconic Golden Eagle statue, standing 30 feet high and 10 feet wide, which has been restored and now graces the seventh floor, offering a stunning panoramic view of London’s skyline.**media[369509]**The hotel also includes a grand ballroom accommodating up to 750 guests, and a state-of-the-art wellness centre, Asaya Spa, featuring a fitness suite, a 25-meter indoor pool, and five treatment rooms in partnership with TATCOT Clinic for skin care.In line with Qatari Diar’s commitment to sustainability and minimizing the environmental impact of its projects, the hotel has received the prestigious BREEAM certification, making it the first five-star hotel in the world to attain this distinguished rating.

QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing co-operation in real estate development and financing, by enabling the bank to provide financing for purchase of plots in the Huzoom Lusail project in line with its financing terms and conditions. Huzoom is a key real estate development in Lusail City wholly-owned by Qatari Diar. The MoU was signed by QIIB Chief Executive Officer Dr Abdulbasit Ahmad al-Shaibei and Qatari Diar Chief Executive Officer Ali Mohamed al-Ali in the presence of senior officials from both sides. The agreement represents an important step in supporting the significant urban development taking place in Lusail City, which has become one of the most prominent residential, commercial, and investment destinations in Qatar, attracting increasing interest from both individuals and companies. Huzoom Lusail project, is part of Lusail City, and is one of the ambitious developments that aligns with Qatar’s Vision 2030, and which aims to diversify the economy and boost investments in infrastructure and urban development. The MoU also reflects the commitment of both parties to build strategic partnerships that contribute to strengthening the real estate sector as a key pillar of the national economy. It further highlights QIIB’s commitment to financing major development projects and providing real estate solutions tailored to the needs of various customer segments, meeting their housing and investment aspirations. Al-Shaibei said: “We are delighted to sign this MoU with Qatari Diar, one of the leading real estate development companies in Qatar and the region. We are confident that this partnership will enhance the range of real estate financing options available to customers who are seeking to invest in the Huzoom Lusail Project. “At QIIB, real estate financing is a top priority, as it is a key driver of the country’s urban renaissance. We are always keen to provide the best real estate financing products with flexible terms, easy procedures, and extended repayment periods, in alignment with Qatar National Vision 2030 and in support of comprehensive economic development.” He noted: “QIIB has developed a wide range of real estate financing solutions that address the needs of both individuals and corporates. We consistently innovate in designing these solutions to ensure financial inclusion and accessibility for all customer segments. “Expanding such partnerships with leading institutions like Qatari Diar reflects our commitment to empowering our customers to seize investment opportunities in Qatar’s real estate market under the best possible terms and conditions.” He concluded: “We are confident that the Huzoom Lusail Project will be one of the most attractive developments for investors in the coming period, thanks to its prime location and integrated services. At QIIB, we remain committed to providing the best financing facilities that deliver added value to our clients and help them achieve their housing and investment ambitions.” Al-Ali stated: “We are pleased to sign this MoU with QIIB, an important step in our efforts to provide practical financing solutions for purchasing plots in the Huzoom Lusail project. This project is one of Qatari Diar’s landmark developments in Lusail City and will represent a significant addition to Qatar’s real estate sector, as it embodies an integrated model for developing urban communities that combine living, working, and leisure, in line with the comprehensive renaissance the country is witnessing. “We are confident that this partnership with QIIB will further enhance the project’s attractiveness and open new horizons for both local and international investments.” He added: “Through this cooperation with QIIB, we look forward to enabling customers to seize the investment opportunities offered by the project and benefit from the diverse real estate financing options provided by the bank.”