IGY Marinas has been appointed marina advisor for the IL Monte Galala Marina Towers development in Ain Sokhna on Egypt’s Red Sea coast.
The appointment forms part of a broader partnership led by Egyptian real estate developer Tatweer Misr.
IGY Marinas will work with Tatweer Misr and its international partners to support the planning, operational strategy and global positioning of a world-class marina.
The marina is designed to accommodate mega yachts while meeting the international standards of safety, service and advanced marina infrastructure.
IL Monte Galala Marina Towers represents a strategic milestone in the evolution of our flagship development.
Ahmed Shalaby
This project is a partnership between the state and private enterprise, aligning with Egypt’s Vision 2030 to expand urban development and reach 30 million tourists annually.
The IL Monte Galala Marina Towers development represents an estimated EGP 50 billion (approximately US$1 billion) investment and is envisioned as a flagship waterfront destination linking the Red Sea coastline with Egypt’s rapidly expanding economic and tourism corridors.
“IL Monte Galala Marina Towers represents a strategic milestone in the evolution of our flagship development, IL Monte Galala and in our vision to position Egypt’s Red Sea coast as a globally competitive, fully integrated destination,” explained Dr Ahmed Shalaby, president and CEO of Tatweer Misr.
Direct connectivity
The project will integrate a full-service marina with residential, hospitality, retail and conference components to create a year-round tourism and business destination.
It is anticipated that the marina’s proximity to Greater Cairo will enable IL Monte Galala to serve as a primary maritime access point for visiting yachts seeking direct connectivity to Cairo.
“Tatweer Misr’s vision for IL Monte Galala Marina Towers represents one of the most compelling waterfront developments in the emerging Red Sea region,” said Steve English, chief executive officer of IGY Marinas.
“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.”
IGY’s advisory role will focus on marina master planning input, operational strategy, safety and technical standards and global marina benchmarking.
