Milestones from Modon, the hotel brands coming to Wadi Yemm, progress on the new international airport, construction contracts and investment news. I pick each story and write it up here, with what it means for buyers. Latest story: 18 October 2026.
A travel guide to Egypt's North Coast highlights Wadi Yemm's lighthouse, its 10,000-seat amphitheatre, the Montage hotel and villas, and Nammos's resort with 72 residences. Completion is scheduled for 2028.
Innovo Build and Redcon Construction will deliver the DP03 East package: more than 660 villas and townhouses, lakes, a shopping mall and roads, within 21 months. Unit deliveries are expected from Q3 2029.
Water, sewage and road networks in the first urgent phases are complete. Modon reported more than 3,500 Wadi Yemm units sold.
Cumulative sales since launch in October 2025, according to The Board Consulting: about EGP 79bn in Q4 2025 and EGP 65bn from April to August 2026.
A triangular terminal around an open courtyard. Orascom Construction is the main contractor and Abu Dhabi Airports is advising; most of the steel roof is installed. No opening date has been announced.
A 79-room Nammos resort with 72 apartments and a penthouse, plus shops and wellness, in Wadi Yemm.
Hassan Allam Construction will build the 200-room Montage hotel, 96 Montage-branded villas, a clubhouse and the related works.
A 17 km, six-lane Ring Road with utility networks, described as the backbone of Phase 1, and 5.3 km of excavation for the Grand Canal.
ADQ's $35bn came as about $24bn in new cash and $11bn in converted deposits; Egypt keeps a 35% stake. Developers project more than $110bn of investment by 2045.
EGP 10bn of infrastructure works for Wadi Yemm, awarded to Rowad Modern Engineering and Consolidated Contractors Company, according to Asharq Business.
200 rooms and suites and 96 Montage Residences villas with 3 to 6 bedrooms in Wadi Yemm, with a 13-room spa and six restaurants.
Thousands of workers are on site, with progress on the industrial zone, hotels and service facilities.
Infrastructure, homes, offices and a 70-room hotel in the first phase of Wadi Yemm.
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Stories are written for this site from published reports; each story page credits and links its source.