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Tatweer Misr signs strategic deals for Il Mont Galala Towers and Marina

Businessmen Team realestates 09 February 2026 05:50 PM
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Tatweer Misr signs strategic deals for Il Mont Galala Towers and Marina

Tatweer Misr signed three strategic cooperation and partnership agreements today as part of the implementation plan for the Il Mont Galala Towers and Marina project, a significant addition to urban development projects on the Red Sea coast. The project was announced during a launch ceremony held at the Cabinet headquarters in the New Administrative Capital.

The strategic cooperation and partnership agreements were signed between Tatweer Misr, the project’s master developer, and IGY Marinas (USA), BCI Realty (UK), and Schneider Electric (France).

The first agreement covers the management and operation of the marina at Il Mont Galala Towers and Marina. It was signed by Dr. Ahmed Shalaby, CEO and Managing Director of Tatweer Misr, and Simon Bryan, Vice President of Operations for Europe at IGY Marinas.

The second agreement concerns the management and operation of the exhibition and conference center at Il Mont Galala Towers and Marina. It was signed by Dr. Ahmed Shalaby and Samuel Kirk, Director of BCI Realty (UK).

The third agreement is a strategic cooperation and partnership agreement focusing on sustainability and developing the technological infrastructure at Il Mont Galala Towers and Marina. It was signed by Dr. Ahmed Shalaby and Sebastian Riez, CEO of Schneider Electric.