IGY Marinas announced on 14 April 2026 that it has been appointed marina advisor for the Il Monte Galala Marina Towers project in Ain Sokhna. The company will work with Tatweer Misr on the planning and future operation of the marina within the wider Il Monte Galala development on Egypt’s Red Sea coast.
The appointment was formalised during an international press conference held under the auspices of Mostafa Madbouly, prime minister of Egypt.
Valued at 50 billion Egyptian pounds (about $1 billion USD), the Il Monte Galala development is planned as a waterfront destination linking the Red Sea coastline with Egypt’s economic and tourism corridors.
The marina is located near Greater Cairo and Egypt’s new capital and is designed to accommodate large vessels, with capacity for more than 150 yachts.
The development covers about 47 hectares of built-up area and includes 10 mixed-use towers with around 2,600 residential and hotel units. It also features a 2.8-hectare exhibition and conference centre, as well as commercial and leisure spaces.
Prime minister Madbouly stated: “This project is a model for partnership between the state and private enterprise, aligning with Egypt’s Vision 2030 to expand urban development and reach 30 million tourists annually.”
IGY Marinas will provide input on marina planning, operational strategy, safety requirements and technical standards. It will also advise on the marina’s positioning within the international yachting market, working with Tatweer Misr and other project partners.
Steve English, chief executive officer of IGY Marinas, said: “Tatweer Misr’s vision for IL Monte Galala Marina Towers represents one of the most compelling waterfront developments in the emerging Red Sea region. As marina advisor, IGY is pleased to contribute our global expertise to support the planning and development of a marina capable of accommodating mega yachts and operating to the highest international standards. Our focus will be on ensuring the marina integrates seamlessly into the broader destination while positioning the project as a premier yachting hub for the region.”
Dr. Ahmed Shalaby, president and CEO of Tatweer Misr, commented: “Through strategic partnerships with global and local leaders, our collaboration with IGY Marinas brings together global expertise and operational excellence to deliver a fully integrated marina ecosystem that combines world-class infrastructure with international best practices in marina management, reinforcing IL Monte Galala Marina Towers as a primary waterfront destination and a year-round integrated economic hub that supports continuous demand across marina operations, hospitality and tourism, while serving as a key waterfront gateway for Galala City and Egypt’s New Capital.”
