What You Must Know About Il Monte Galala Towers and Marina in Ain Sokhna

The Il Monte Galala Towers and Marina mission, developed by Tatweer Misr at an estimated value of EGP 50 billion (USD 1.07 billion), stands as a mirrored image of the federal government’s broader effort to broaden the function of the non-public sector in driving financial progress, Prime Minister Mostafa Madbouly mentioned throughout its launch ceremony on 9 February held on the New Administrative Capital.

“This mission is a mannequin for partnership between the state and personal enterprise, aligning with Egypt’s Imaginative and prescient 2030 to broaden city growth and attain 30 million vacationers yearly,” he added. 

Unveiled in Ain Sokhna on 9 February, the mission represents a notable advance in Egypt’s broader drive to reposition the Purple Sea shoreline as a vacation spot for funding all year long.

The plan requires roughly 470,000 sq. meters of built-up area, anchored by 10 mixed-use towers and round 2,600 residential and lodge items. A global marina, with capability for greater than 150 yachts, types a key element. Not like the largely seasonal resorts which have lengthy outlined Ain Sokhna, Il Monte Galala is designed to perform all year long, an ambition supported partly by its proximity to the New Administrative Capital.

The event is an extension of Galala Metropolis, the state-led mission situated about 700 meters above sea stage. Initially deliberate to assist scale back congestion in Cairo, Galala Metropolis has grown into a middle for schooling and tourism, with a college and an expanded street community. Il Monte Galala is designed to function the coastal element of the broader growth, connecting the plateau space with new waterfront services

Cupboard spokesperson Mohamed El-Homsani mentioned in a press release that the mission is a “strategic maritime gateway,” supposed to attract long-term funding and help high-value tourism actions akin to yachting and worldwide conferences.

A number of agreements had been finalized throughout the occasion to align the mission with worldwide requirements. Schneider Electrical will deal with the event of good infrastructure and energy-efficiency programs, whereas Marriott Worldwide will handle the hospitality and serviced flats. IGY Marinas, a U.S.-based operator, will act because the worldwide marketing consultant for the marina, and BCI Realty, a U.Ok.-based agency, will oversee the 28,000-square-meter exhibition and conference middle.

Building is scheduled to start out within the second half of 2026, with a projected completion timeline of seven years, in accordance with Tatweer Misr CEO Ahmed Shalaby. The mission will likely be carried out underneath the supervision of the Ministry of Housing and coordinated with the Armed Forces Engineering Authority, which can handle the marina’s technical work.