Paragon Developments partners with Boulevard for tourism development on landmark Marsa Alam project

EGYPT – Paragon Developments, a prominent Egyptian real estate developer, has signed a memorandum of understanding with Boulevard for Tourism Development to launch a unique mixed-use tourism and hospitality project in Marsa Alam, a promising destinations for tourism and investment.

The groundbreaking development is underway at the Marsa Wazar – Quseir sector, spanning one million square meters with an initial phase covering 300,000 square meters.

This ambitious project is set to transform luxury tourism by embracing a comprehensive, sustainability-driven model that meets modern expectations while safeguarding the environment.

Strategic Partnership and Execution

In a forward-thinking collaboration, Paragon, boasting over 35 years of experience in mixed-use developments, will lead the project’s development management.

Their approach begins with an in-depth market study centered on well-being, innovation, and sustainable practices.

Meanwhile, Boulevard for Tourism Development will bring this vision to life with meticulous execution, positioning Marsa Alam as a competitive hub for tourism and investment in the Red Sea region.

Signature Features and Amenities

A key highlight is the planned world-class Hilton resort and spa, featuring 300 keys that set a new benchmark in luxury and relaxation.

Complementing this offering is a dedicated diving center designed for marine sports enthusiasts, which includes a connected 100-room hotel to provide an immersive experience for divers.

Future phases promise additional expansions, with premium serviced apartments, villas, and townhouses that will create a fully integrated and vibrant tourism destination.

Vision and Impact

Bedeir Rizk, CEO of Paragon Developments, emphasizes that the project is a unique opportunity to redefine luxury tourism by blending visionary hospitality with eco-friendly solutions.

He notes that Marsa Alam’s natural allure, diverse tourism experiences, from beach escapes to eco-tourism adventures, and strategic location make it a formidable contender in the Red Sea market.

Similarly, Maged Shafik, CEO of Boulevard for Tourism Development, underlines that successful tourism development hinges on comprehensive planning and thoughtful design.

Their shared vision is to deliver an exceptional experience that seamlessly combines luxury, integration, and sustainability.

This collaboration exemplifies the synergy between real estate innovation and tourism expertise.

By incorporating smart urban planning, modern digital solutions, and sustainable building practices, such as renewable energy and eco-conscious architecture, the project aims to offer a tech-enabled guest experience that is both luxurious and environmentally responsible.

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