SALT Marina Development Unveiled by Tatwia Misr
Tatwia Misr has introduced SALT Marina, a mixed-use waterfront project located on Egypt’s northern coast, with a projected investment of EGP 28 billion. This initiative is part of a larger SALT development, which has a total investment plan of EGP 70 billion.
The company aims to achieve sales of EGP 100 billion from the overall SALT development, having already generated EGP 24 billion.
This launch represents Tatwia Misr’s intention to broaden its coastal development portfolio, while bolstering Egypt’s initiatives to enhance yacht tourism and leverage potential in the blue economy sector.
SALT Marina marks the initial phase of a more extensive plan to create a linked network of waterfront destinations that will connect the company’s coastal projects, such as Fuca Bay and D-Bay in the Mediterranean, and Il Monte Galara in the Red Sea. The goal is to blend tourism, residential, hospitality, and commercial elements across various sites.
Situated within the SALT development, the marina spans roughly 340,000 square meters, which includes 105,000 square meters allocated to the marina and 2.65 kilometers of waterfront. The project will also feature three crystal lagoons, collectively covering about 30,000 square meters.
The marina is set to accommodate 65 yachts, complemented by a marine jetty area of 16,300 square meters that can equally support marine services. A commercial complex will offer around 7,000 square meters dedicated to retail, restaurants, cafes, and entertainment options with views of the waterfront.
In total, the project will consist of about 2,600 residential and hospitality units, a hotel, serviced apartments, and two beach clubs. Its architectural design, inspired by the Italian coastal town of Portofino, was crafted by Gianluca Peruffo & Partners.
Ahmed Shalaby, co-founder, president, and CEO of Tatwia Misr, remarked that the emphasis is on developing integrated coastal tourism destinations instead of isolated projects. This approach is intended to boost Egypt’s competitiveness in marine tourism and support the country’s yachting tourism strategy.
Shalaby also noted plans to further expand the coastal portfolio with projects that combine residential, hospitality, retail, and marina facilities, backed by collaborations with international firms in architecture, engineering, sustainability, and destination management.
Tatwia Misr projects that SALT Marina will generate approximately 5,000 direct jobs and 15,000 indirect jobs, attracting around 600,000 tourists each year during the tourist season. It expects to create annual revenue of 3 billion Egyptian pounds and an overall economic impact of 6 billion Egyptian pounds.
The company emphasized that this project is part of its long-term growth strategy along Egypt’s Mediterranean and Red Sea coasts, targeting integrated waterfront developments that respond to the demands of tourism, hospitality, and real estate.
