Egypt: Emaar Misr Collaborates With Saudi And Emirati Firms On Marassi Red Sea Tourism Project

Published on September 9, 2025

Emaar Misr for Development, a starring Egyptian existent property company, has joined forces pinch Saudi and Emirati firms to motorboat an eager tourism improvement on Egypt’s Red Sea coast. This project, known arsenic Marassi Red Sea, is expected to play a pivotal domiciled successful nan country’s economical maturation by attracting world tourism and creating thousands of occupation opportunities. With a hefty finance of 900 cardinal Egyptian pounds (about $18.6 billion), nan task is group to go a cardinal driver of Egypt’s tourism sector.

A Prime Location for Growth

Marassi Red Sea will beryllium developed successful a strategical location, covering an expansive 170 quadrate kilometers of Egypt’s coastline. Situated conscionable 30 minutes from Hurghada International Airport, it is easy accessible to some world and section tourists. The site’s immense size and premier location are expected to make it a awesome tourer destination successful nan region, offering plentifulness of opportunities for maturation successful some hospitality and tourism-related businesses.

Key Stakeholders and Regional Partnership

The improvement is simply a collaborative effort involving respective cardinal stakeholders, including:

• Emaar Misr for Development: A subsidiary of Dubai’s Emaar Properties, Emaar Misr is simply a awesome subordinate successful nan project, bringing its immense acquisition successful large-scale existent property developments.
• Sky Tower for Real Estate Development: This Emirati-backed patient adds important expertise successful mega-projects to nan partnership, ensuring high-quality building and design.
• Golden Coast: A subsidiary of Saudi Arabia’s City Stars Group, Golden Coast will supply location finance and improvement support.

The business was officially announced during a televised arena successful Cairo, attended by Egyptian Prime Minister Mostafa Madbouly, highlighting nan project’s value to Egypt’s economical ambitions. This collaboration demonstrates really location partnerships tin foster economical maturation and stability.

The Components of Marassi Red Sea

Luxury Accommodations

At nan bosom of nan Marassi Red Sea task will beryllium 12 luxury hotels, offering a operation of accepted rooms and serviced residences. These accommodations are designed to entreaty to a wide scope of visitors, from casual visitors to high-end clientele, ensuring a premium level of hospitality that aligns pinch world standards.

Marina and Waterfront Development

A cardinal characteristic of nan task will beryllium a world-class marina, including 1 main harbor and 2 boutique marinas, alongside a 400-meter waterfront pier. These accommodation will pull yacht enthusiasts and h2o sports lovers, enhancing nan coastal entreaty of nan full development.

Floating Cabins and Exclusive Beaches

Inspired by nan Maldives, Marassi Red Sea will connection unsocial floating cabins for guests seeking a one-of-a-kind experience. Additionally, backstage beaches and tranquil lagoons will beryllium incorporated, providing visitors pinch an exclusive and serene environment.

Retail, Dining, and Lifestyle Amenities

Marassi Red Sea will characteristic complete 500 unit and eating outlets, creating a lively commercialized abstraction for visitors and residents alike. The task will besides see schools, hospitals, wellness centers, and different basal accommodation to support a precocious modular of surviving for some locals and visitors. These amenities will create a self-sustained organization and guarantee a seamless, all-encompassing manner for those successful nan area.

Marassi Wonders District

The improvement will see nan Marassi Wonders District, a multifunctional abstraction designed to support some business and leisure. This territory will location an world convention center, commercialized zones, an aqua park, sports facilities, and manner clubs. The territory will supply a hub for events, business conferences, and entertainment, positioning Marassi Red Sea arsenic a premier location for some leisure and business activities.

Economic Impact: Job Creation and Revenue Generation

Employment Opportunities

During nan building phase, Marassi Red Sea is expected to make betwixt 150,000 and 170,000 jobs, providing a important boost to Egypt’s labour market. Once completed, nan improvement will create astir 25,000 imperishable jobs, contributing to nan semipermanent economical stableness of nan region.

Revenue Generation

Marassi Red Sea is forecasted to make yearly revenues ranging from $100 cardinal to $200 cardinal from tourism-related activities. This income is expected to heighten Egypt’s system by attracting overseas rate and supporting sustainable economical growth. The tourism sector, successful particular, is expected to use greatly from nan project’s extended infrastructure and luxury offerings.

Strategic Significance for Egypt

Enhancing nan Tourism Sector

The Marassi Red Sea task will importantly lend to Egypt’s tourism sector, positioning nan Red Sea governorate arsenic a world luxury tourism destination. With its unparalleled offerings successful hospitality, luxury, and leisure, nan task intends to replicate nan occurrence of different high-profile developments specified arsenic Marassi North Coast, which attracted millions of visitors successful a short period. This will thief group caller benchmarks for nan region’s tourism industry.

Diversification of Economic Sources

In statement pinch Egypt’s broader economical strategy, Marassi Red Sea will thief diversify nan country’s gross sources. The improvement intends to trim Egypt’s reliance connected accepted industries for illustration lipid and state by attracting important overseas finance and boosting nan tourism sector. This will lend to nan wide sustainability and maturation of nan Egyptian economy.

Promoting Regional Collaboration

The collaboration betwixt Egyptian, Saudi, and Emirati firms showcases nan imaginable of location partnerships successful driving economical development. By pooling resources, expertise, and investments, these companies purpose to create a task that will use not conscionable Egypt but nan broader Middle Eastern region. The task will foster stronger ties betwixt Egypt, Saudi Arabia, and nan UAE, creating a exemplary for early associated ventures successful nan region.

Transformative Leap Forward for Egypt’s Tourism Industry

Marassi Red Sea represents a transformative leap guardant for Egypt’s tourism manufacture and broader economical landscape. With its eager scale, luxury offerings, and strategical location, nan improvement is group to go a awesome economical driver successful nan Red Sea region. Through its divers components, from luxury accommodations to world-class amenities, nan task promises to position Egypt arsenic a starring world destination for some leisure and business. This large-scale initiative, backed by beardown location partnerships, is poised to person a lasting effect connected nan Egyptian system for decades to come.