{"id":53226,"date":"2025-11-17T14:16:43","date_gmt":"2025-11-17T14:16:43","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=53226"},"modified":"2025-11-17T14:16:43","modified_gmt":"2025-11-17T14:16:43","slug":"mbh-and-white-case-advise-qatari-diar-on-usd-29-7-billion-alam-el-roum-north-coast-project","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/mbh-and-white-case-advise-qatari-diar-on-usd-29-7-billion-alam-el-roum-north-coast-project\/","title":{"rendered":"MBH and White &amp; Case advise Qatari\u202fDiar on USD\u202f29.7\u202fbillion Alam\u202fEl\u202fRoum North Coast Project"},"content":{"rendered":"<p><strong>Matouk Bassiouny &amp; Hennawy (\u201cMBH\u201d) is proud to have acted as co-legal counsel alongside White &amp; Case to Qatari\u202fDiar, a leading real estate investment company wholly owned by the Qatar Investment Authority, in connection with a USD\u202f29.7\u202fbillion investment for a strategic partnership with the New Urban Communities Authority (\u201cNUCA\u201d).<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The Partnership aims to develop an integrated urban community spanning over 20 million square meters along the Mediterranean Sea at Alam\u202fEl\u202fRoum area, Egypt.<\/p>\n<p>Qatari\u202fDiar will contribute to NUCA, USD\u202f3.5\u202fbillion in foreign direct investment for the acquisition of the Project\u2019s land, in addition to in-kind contribution of around 397,000 square meters of established residential units, while the total investment for the development of the Project is estimated at USD\u202f26.2\u202fbillion, providing vital capital to support Egypt\u2019s debt reduction and economic growth.<\/p>\n<p>The Project is directed towards revolutionary transformation of Alam\u202fEl\u202fRoum area to become a premier coastal destination, generating over 250,000 jobs and featuring luxury residences, hotels, schools, healthcare facilities, entertainment amenities, and international and local marinas, all to be delivered through a wholly owned subsidiary of Qatari\u202fDiar, planned for establishment, elevating the area into a vibrant year-round hub for tourism, investment, and community life.<\/p>\n<p>The MBH team advising on the transaction was led by Tamer El Hennawy (Partner, Co-Head of Capital Markets and Corporate and M&amp;A) and Amr Baggatto (Partner).<\/p>\n<p>The White &amp; Case team advising on the transaction was led by Said Hanafi (Partner) and Ziad Gadalla (Partner).<\/p>\n<p>For more about Matouk Bassiouny, visit <a href=\"https:\/\/matoukbassiouny.com\/\">matoukbassiouny.com<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-53226","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/53226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=53226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}