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Tatweer Misr and IGY Marinas have actually signed a tactical arrangement selecting IGY Marinas as operator of IL Monte Galala Marina, part of Tatweer Misr’s IL Monte Galala advancement on the Red Sea coast near Ain Sokhna.
The arrangement was signed on 24 September at the Monaco Yacht Show by Dr Ahmed Shalaby, co-founder, president and CEO of Tatweer Misr, and Steve English, CEO of IGY Marinas, in the existence of Dr Ahmed Youssef, CEO of the Egyptian Tourism Authority.
With the contract, Tatweer Misr ends up being the very first Egyptian realty designer to select an internationally acknowledged marina operator.
Tatweer Misr and IGY Marinas initially interacted in February 2026, when IGY Marinas was caused as Marina Operations Advisor for the task. Under the brand-new arrangement, IGY Marinas handles long-lasting obligation for running IL Monte Galala Marina.
IGY Marinas, a subsidiary of NYSE-listed MarineMax, runs 24 marinas throughout 14 nations in the Americas, Europe and the Middle East and serves more than 10,000 consumers a year. IGY Marinas likewise runs the Trident Club, an invitation-only subscription for superyachts that uses advantages consisting of ensured dockage.
150 Berths and a Helipad
IL Monte Galala Marina will have berthing capability for more than 150 private yachts, varying from 10 to 80 metres in length. A tenth of the berths are designated to luxury yachts over 40 metres, consisting of 2 80-metre berths for superyachts. A helipad will serve owners and visitors taking a trip to the marina, in addition to those on superyachts anchored or travelling close by. The marina itself represents a financial investment of roughly USD 44 million.
IL Monte Galala Marina sits within IL Monte Galala Marina Towers, the latest mixed-use stage of Tatweer Misr’s broader IL Monte Galala advancement. The more comprehensive IL Monte Galala Marina stage, which integrates the marina with hospitality, company occasions and waterside area, represents an overall financial investment of roughly USD 1 billion. Tatweer Misr anticipates the stage to develop around 8,000 direct tasks and almost 25,000 indirect ones, and to get more than one million visitors a year.
Yacht Beyond the Resort Model
Tatweer Misr has actually placed yacht as a method to move Egypt’s shoreline beyond the resort design that has actually long specified tourist on the Red Sea, supporting the nation’s instructions towards diversifying beyond the resort design and with the objective of drawing visitors throughout the year. Tatweer Misr indicates the Red Sea coast’s place on the path connecting the Mediterranean with the Gulf, the Indian Ocean and Asia, and to its diving websites, as factors the area can draw in checking out private yachts and superyachts.
“As Egypt advances its vision of placing its shorelines as worldwide competitive, year-round tourist locations, the economic sector plays a crucial function in equating this nationwide aspiration into significant advancement and financial investment,” Youssef stated.
“Tatweer Misr’s IL Monte Galala exhibits how private-sector financial investment and global collaborations can support the future of Egypt’s tourist and yacht sectors, add to the detailed advancement of the Red Sea area, and advance the State’s vision for sustainable city growth and fourth-generation cities.”
Shalaby explained the arrangement with IGY Marinas as uniting what he called a “golden triangle” of public law, personal financial investment and global competence.
“Since releasing IL Monte Galala, we have actually thought in the Red Sea’s possible as a year-round location for tourist, financial investment and lifestyle,” he stated. “Realizing this aspiration needs a golden triangle of allowing public-sector structures, private-sector financial investment and execution, and customized worldwide know-how.”
A Network Across Two Coastlines
Established in 2014, Tatweer Misr has 6 jobs throughout Egypt: IL Monte Galala on the Red Sea; Fouka Bay, D-Bay and Salt on the North Coast; Bloomfields in Mostakbal City in East Cairo; and Rivers in West Cairo. Tatweer Misr is likewise establishing Salt Marina on the Mediterranean, which it prepares to relate to IL Monte Galala Marina as part of a network of marinas on both of Egypt’s shorelines.
“As part of the IGY international portfolio, the marina will gain from worldwide acknowledged operating requirements, industry-leading customer support, and access to an around the world network of luxury yacht owners and captains,” English stated.
“We think IL Monte Galala is distinctively placed to end up being a premier yacht location in the Eastern Mediterranean and Red Sea, functioning as an entrance that links global visitors with the amazing chances Egypt needs to use.”
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