Tatweer Misr has launched SALT Marina on Egypt’s Mediterranean coast as part of a new waterfront development focused on expanding yacht tourism and coastal investment. The marina represents an investment of 28 billion EGP (over $500 million USD) within the wider 70 billion EGP ($1.4 billion) SALT project.

According to Osoul Misr Magazine, SALT Marina is the first project in Tatweer Misr’s plan to develop connected coastal destinations in Egypt. The facility is expected to connect SALT with Fouka Bay and D-Bay through shared marina infrastructure and marine mobility, as part of a waterfront development approach that supports yacht tourism and the blue economy.

Spanning approximately 10.5 hectares, SALT Marina is designed to accommodate 65 vessels and will include 1.63 hectares of marine piers alongside specialised services for different vessel categories.

The marina is located within a larger development covering approximately 34 hectares, which includes a 2.65-kilometre waterfront, three lagoons with a combined area of three hectares, around 2,600 residential and hospitality units, restaurants and cafés, two beach clubs, retail spaces and entertainment areas.

With an architectural concept by Gianluca Peluffo & Partners, the project takes inspiration from the Italian town of Portofino. The development is expected to create around 5,000 direct jobs and 15,000 indirect jobs, attract approximately 600,000 visitors during the season and generate annual revenues of 3 billion EGP ($60 million).

Dr. Ahmed Shalaby, co-founder, president and CEO of Tatweer Misr, shared in a social media post: “We believe the future of coastal development is not about building individual destinations. It is about building a connected coastal ecosystem that amplifies the value of every destination, advances yacht tourism, attracts high-quality investment and reinforces Egypt’s position as a leading regional maritime hub.”

The launch follows Tatweer Misr’s development of Il Monte Galala in Ain Sokhna on Egypt’s Red Sea coast. The project, valued at approximately 50 billion EGP (around $1 billion), includes marina operations, hospitality facilities and technology systems through partnerships with international companies.

Shalaby added: “Our journey began on the Red Sea. Today, it continues on the Mediterranean, guided by one vision: creating world-class waterfront destinations that are stronger together than they are individually, delivering lasting value for Egypt, its economy and future generations.”

Images courtesy of Tatweer Misr.