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 project forms part of a broader partnership led by Egyptian real estate developer Tatweer Misr and is anchored in its flagship IL Monte Galala development in Galala City.
In its advisory role, IGY Marinas will support master planning, operational strategy and the global positioning of the marina. The facility is designed to accommodate mega yachts and meet international standards in safety, service and infrastructure.
The project was formally announced during an international press conference held under the auspices of Egypt’s Prime Minister, Mostafa Madbouly, underlining its strategic relevance within the country’s development agenda.
The IL Monte Galala Marina Towers development represents an investment of around EGP 50bn (approximately US$1bn). It is conceived as a flagship waterfront destination linking the Red Sea coast with Egypt’s expanding tourism and economic corridors.
The development combines a full-service marina with residential, hospitality, retail and conference facilities, aiming to create a year-round destination for tourism and business.
Egypt targets 30 million visitors per year
According to the Prime Minister, the project aligns with Egypt’s Vision 2030 strategy, which targets up to 30 million tourists annually.
A key feature is the proximity to Greater Cairo and Egypt’s new administrative capital. This positions the marina as a potential gateway for international yachts seeking direct access to the country’s political and economic centre.
Within the overall master plan, the marina is set to serve as the central element of the waterfront district and as an entry point for visiting yachts and superyachts, supporting Egypt’s ambitions to strengthen its role in international yachting tourism.
Steve English, Chief Executive Officer of IGY Marinas, said the company would contribute its global expertise to ensure the marina meets international standards and integrates into the wider destination concept.
IGY’s advisory scope includes marina master planning, operational strategy, safety and technical standards, as well as benchmarking against leading global marina developments.
The project is designed as a diversified economic platform combining maritime infrastructure with tourism, real estate and commercial activities to generate long-term value.
