Egypt

The initiative is set to enhance airport efficiency, strengthen competitiveness, and draw more international air traffic.

The project will feature 12 luxury hotels, a main marina along with two boutique marinas, more than 500 retail outlets, private beaches, lagoons, and Maldives-inspired floating cabanas.

This milestone in early unit handovers and expanded hospitality capacity reinforces Masyaf Ras AlHekma’s status as a premier integrated coastal community, seamlessly blending upscale living with dynamic tourism and wellness experiences.

Egypt’s national strategy aims to attract 30 million tourists by 2028, supported by large-scale infrastructure developments and enhanced visitor services, positioning the country as one of the world’s most attractive destinations for years to come.

Mercon Development Chairman Ahmed Embaby announced that Riverton will cover 25 acres, featuring a mix of residential, commercial, and hospitality offerings tailored to meet diverse market needs.

The large-scale development covers 400 acres and comprises 3,000 residential units, including 1,000 serviced units seamlessly integrated with hospitality facilities.

Wego’s partnership with the Egypt Tourism Authority has been key in fueling this demand, as travel searches for Egypt continue to show consistent growth.

Gewan’s operational expertise combined with Mercon’s development capabilities is set to deliver a distinctive blend of residential living and premium hospitality, aiming to redefine standards in the region’s hotel residence market.

Misr Hotels continues to leverage its diversified property portfolio and strategic positioning in Egypt’s expanding hospitality market, catering to both business and leisure travelers amid increasing tourist arrivals and rising domestic demand.

This capital infusion will fast-track Suplyd’s efforts to develop a robust infrastructure for restaurant operations and drive expansion into untapped areas within Egypt’s broad market.