Cairo: Egypt received $3.5 billion as part of an investment deal to develop the Samla and Alam Al-Roum area on the Northwest Coast in Matrouh Governorate. The project is an investment partnership between the Ministry of Housing, Utilities, and Urban Communities and Qatari Diar Co., signed on November 6.

According to State Information Service Egypt, the total deal consists of three main financial components. The $3.5 billion received on Tuesday, December 30, 2025, represents the cash price, which is the first phase of the agreement, as stated by cabinet spokesperson Mohamed El-Homosany. A second phase involves an in-kind return consisting of residential built-up areas, with the sale of these units projected to generate an estimated $1.8 billion.

The New Urban Communities Authority is entitled to a 15% share of the project's net profits, including subsidiaries, after the recovery of all recoupable investment costs, according to the agreement. Today's step reflects the directives of President Abdel Fattah El Sisi and Qatari Emir Sheikh Tamim bin Hamad Al Thani. Egypt and Qatar aim to deepen the economic partnership between them, enhance bilateral cooperation, and promote sustainable economic development for both countries.