Somabay, Egypt’s leading Red Sea destination, has signed a new partnership agreement with EDECS, one of the region’s pioneering engineering and construction companies, to launch a major project to expand and develop Somabay Marina.

TAQA Arabia has been awarded both "Power & Water Project of the Year" and "Sustainable Initiative of the Year" at the Big 5 Egypt Impact Awards 2025.

Minor Hotels has signed a memorandum of understanding (MoU) with Somabay Hotel Company to develop a hotel under its luxury Anantara brand in Egypt.

Somabay has signed an agreement with Marriott International to integrate the Autograph Collection Hotels brand in Egypt

TAQA Arabia and Somabay inaugurated Egypt's largest desalination plant powered entirely by solar energy.

Somabay has partnered with Wander Commercial Development to develop, manage, and operate a new commercial hub across the bay.

Abu Soma Development Company, the developer of Somabay, has signed a memorandum of understanding (MoU) with REDCON Construction to launch a series of major construction projects on the Red Sea with EGP 1.7 billion in investment.

Somabay, a prominent leader in tourism investment and the real estate developer of Somabay peninsula, reported a 155% year-on-year (YoY) surge in profits for the first half (H1) of 2024, recording EGP 102 million.