Global operator IGY Marinas is expanding its Middle East presence with its appointment as Marina Advisor to the Il Mont Towers development.
This follows the announcement of the EGP 50 billion (US$1 billion) project by Tatweer Misr, the project’s lead developer, in February 2026. The mixed-use development, located in Ain Sokhna on the Western shore of the Gulf of Suez, encompasses 470,000 m2 and is to include residential properties, hotels, and a 150-berth marina to accommodate superyachts.
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IGY Marinas, which has operated 24 marinas across 14 countries, is set to oversee the planning, operational strategy, and global positioning of the project’s marina.
“Tatweer Misr’s vision for IL Monte Galala Marina Towers represents one of the most compelling waterfront developments in the emerging Red Sea region. 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. Our focus will be on ensuring the marina integrates seamlessly into the broader destination while positioning the project as a premier yachting hub for the region,” commented Steve English, Chief Executive Officer of IGY Marinas.
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“Through strategic partnerships with global and local leaders, our collaboration with IGY Marinas brings together global expertise and operational excellence to deliver a fully integrated marina ecosystem that combines world-class infrastructure with international best practices in marina management, reinforcing IL Monte Galala Marina Towers as a primary waterfront destination and a year-round integrated economic hub that supports continuous demand across marina operations, hospitality and tourism, while serving as a key waterfront gateway for Galala City and Egypt’s New Capital,” added President and CEO of Tatweer Misr Dr. Ahmed Shalaby
In July 2025, IGY was appointed as the operator of the UAE’s Wynn Al Marjan island marina. The property, situated in Ras Al Khaimah, UAE, will find 101-berth superior marina for vessels up to 85 meters in length.
IGY Marinas is a subsidiary of MarineMax.