Tatweer Misr has unveiled SALT Marina, a mixed-use waterfront development in Egypt’s North Coast, with planned investments of EGP 28bn. The project is part of the company’s broader SALT development, which has total planned investments of EGP 70bn.
The company said the wider SALT development targets EGP 100bn in sales, of which EGP 24bn has already been achieved.
The launch reflects Tatweer Misr’s strategy to expand its portfolio of coastal developments while supporting Egypt’s efforts to grow yacht tourism and capitalize on opportunities within the blue economy.
According to the company, SALT Marina is the first phase of a broader plan to establish an interconnected network of waterfront destinations linking its coastal projects, including Fouka Bay and D-Bay on the Mediterranean, alongside IL Monte Galala on the Red Sea. The strategy aims to integrate tourism, residential, hospitality, and commercial components across multiple destinations.
Located within the SALT development, the marina spans approximately 340,000 sqm, including a 105,000-sqm marina and a 2.65-kilometer waterfront. The project will also feature three Crystal Lagoons covering a combined 30,000 sqm.
Tatweer Misr said the marina is designed to accommodate 65 yachts, with marine piers covering 16,300 sqm, alongside supporting marine services. The commercial component will include around 7,000 sqm of retail, restaurants, cafés, and entertainment facilities overlooking the waterfront.
The project will comprise approximately 2,600 residential and hospitality units, in addition to a hotel, serviced apartments, and two beach clubs. Its architectural design was developed by Gianluca Peluffo & Partners and draws inspiration from the Italian coastal town of Portofino.
Ahmed Shalaby, Co-founder, President, and CEO of Tatweer Misr, said the company is focusing on developing integrated coastal destinations rather than standalone projects, adding that this approach is intended to strengthen Egypt’s competitiveness in marine tourism and support the country’s strategy to develop yacht tourism.
He added that the company plans to continue expanding its coastal portfolio through projects that combine residential, hospitality, retail, and marina facilities, supported by partnerships with international firms in architecture, engineering, sustainability, and destination management.
Tatweer Misr estimates that SALT Marina will create around 5,000 direct jobs and 15,000 indirect jobs, attract approximately 600,000 visitors annually during the tourism season, and generate EGP 3bn in annual revenues, with an estimated EGP 6bn annual economic impact.
The company said the project forms part of its long-term expansion strategy across Egypt’s Mediterranean and Red Sea coasts, with a focus on integrated waterfront developments targeting tourism, hospitality, and real estate demand.
