Top 20 real estate companies in Egypt
© Egypt Business Directory
Amidst a flurry of activity and investments, Egypt's real estate sector has been experiencing significant developments since the beginning of 2024. From high-profile meetings exploring investment opportunities to the inauguration of ambitious projects, here's a roundup of key highlights shaping the landscape of Egypt's real estate industry.
1. Investment Opportunities Explored with Saudi Arabia
Housing Minister Assem el Gazzar engaged in discussions with a Saudi delegation led by Prince Khaled bin Saud bin Turki Al Saud to evaluate investment prospects across various sectors, including tourism and hospitality.
Interest was particularly piqued in investment opportunities within the New Administrative Capital and New Alamein City, showcasing Egypt's attractiveness to foreign investors.
2. Technological Advancements in Industrial Projects
Tecnimont's commencement of Egypt's KIMA Project, valued at $300 million, heralds a new era of industrial advancement. The project aims to enhance environmental standards and energy efficiency, contributing to economic growth and agricultural development through fertilizer production.
3. Innovative Urban Development Initiatives
Mountain View's iCity project aims to redefine urban living by prioritizing happiness and convenience. With a focus on creating self-sustaining communities, iCity integrates modern amenities and efficient infrastructure to enhance residents' quality of life.
4. Expansion Plans for New Administrative Capital
Egypt's ambitious plans to double the size of the New Administrative Capital underscore its commitment to modernization and sustainable urban development. With significant progress already made, the expansion is set to accommodate the growing population and stimulate economic growth.
5. Real Estate Export Company Initiative
Egypt's initiative to establish a real estate export company aims to attract foreign investors and expatriates by offering properties in US dollars. This move not only bolsters hard currency reserves but also aligns with the government's economic vision for sustainable growth.
6. Strategic Revamp of Downtown Cairo
With the government's focus shifting to the new capital, plans are underway to revitalize downtown Cairo, preserving its historical charm while modernizing infrastructure and repurposing buildings. This initiative is poised to rejuvenate the heart of the city and stimulate economic activity.
7. Retail Sector Dynamics
Despite economic challenges, Cairo's retail sector witnessed rental rate increases, reflecting resilience and potential for growth. However, market conditions remain challenging, with delays in project completions and shifts in consumer behavior influencing sector performance.
8. Foreign Investment Inflows
GCC investors continue to show interest in Egypt's real estate market, with substantial investments pouring in, totaling over $115 billion since 2021. This influx of capital underscores Egypt's appeal as a strategic investment destination in the region.
9. Acquisition and Expansion Strategies
Real estate companies like Bonyan and Talaat Mostafa Group have been actively acquiring assets and expanding their portfolios, signaling confidence in Egypt's real estate market and its growth potential.
10. Challenges and Opportunities
The sector faces challenges such as rising costs and financial instability, necessitating innovative solutions and strategic planning to navigate the evolving landscape. However, with visionary projects and strategic partnerships, Egypt's real estate sector remains poised for growth and transformation.
As Egypt continues to chart its course towards economic prosperity and urban development, the real estate sector emerges as a key driver of progress, offering opportunities for investors, developers, and residents alike.
1. Investment Opportunities Explored with Saudi Arabia
Housing Minister Assem el Gazzar engaged in discussions with a Saudi delegation led by Prince Khaled bin Saud bin Turki Al Saud to evaluate investment prospects across various sectors, including tourism and hospitality.
Interest was particularly piqued in investment opportunities within the New Administrative Capital and New Alamein City, showcasing Egypt's attractiveness to foreign investors.
2. Technological Advancements in Industrial Projects
Tecnimont's commencement of Egypt's KIMA Project, valued at $300 million, heralds a new era of industrial advancement. The project aims to enhance environmental standards and energy efficiency, contributing to economic growth and agricultural development through fertilizer production.
3. Innovative Urban Development Initiatives
Mountain View's iCity project aims to redefine urban living by prioritizing happiness and convenience. With a focus on creating self-sustaining communities, iCity integrates modern amenities and efficient infrastructure to enhance residents' quality of life.
4. Expansion Plans for New Administrative Capital
Egypt's ambitious plans to double the size of the New Administrative Capital underscore its commitment to modernization and sustainable urban development. With significant progress already made, the expansion is set to accommodate the growing population and stimulate economic growth.
5. Real Estate Export Company Initiative
Egypt's initiative to establish a real estate export company aims to attract foreign investors and expatriates by offering properties in US dollars. This move not only bolsters hard currency reserves but also aligns with the government's economic vision for sustainable growth.
6. Strategic Revamp of Downtown Cairo
With the government's focus shifting to the new capital, plans are underway to revitalize downtown Cairo, preserving its historical charm while modernizing infrastructure and repurposing buildings. This initiative is poised to rejuvenate the heart of the city and stimulate economic activity.
7. Retail Sector Dynamics
Despite economic challenges, Cairo's retail sector witnessed rental rate increases, reflecting resilience and potential for growth. However, market conditions remain challenging, with delays in project completions and shifts in consumer behavior influencing sector performance.
8. Foreign Investment Inflows
GCC investors continue to show interest in Egypt's real estate market, with substantial investments pouring in, totaling over $115 billion since 2021. This influx of capital underscores Egypt's appeal as a strategic investment destination in the region.
9. Acquisition and Expansion Strategies
Real estate companies like Bonyan and Talaat Mostafa Group have been actively acquiring assets and expanding their portfolios, signaling confidence in Egypt's real estate market and its growth potential.
10. Challenges and Opportunities
The sector faces challenges such as rising costs and financial instability, necessitating innovative solutions and strategic planning to navigate the evolving landscape. However, with visionary projects and strategic partnerships, Egypt's real estate sector remains poised for growth and transformation.
As Egypt continues to chart its course towards economic prosperity and urban development, the real estate sector emerges as a key driver of progress, offering opportunities for investors, developers, and residents alike.
| Company | Founded | Company description |
|---|---|---|
| 2008 | Orascom Development is a leading developer of integrated towns with a strong foothold in Egypt and the Middle East and over 18 years of experience. | |
| 2016 | The Address Investments is one of the leading real estate companies in Egypt and Middle East with a long-term vision to gain recognition as a brand. | |
| 1998 | Concrete Plus was founded in 1998 with the objective of providing comprehensive construction management services to the country. | |
| 1997 | Palm Hills Developments is an Egyptian real estate company, primarily developing integrated residential, commercial real estate and resort projects. | |
| 1957 | Sabbour Consulting is one of the leading multidisciplinary engineering consulting firms in the region. The company has been established 1957. | |
| 1997 | Emaar Misr for Development SAE is an Egypt-based company engaged in the real estate development operations. | |
| 1997 | Provide construction services in a professional manner while exceeding the expectations of its valued clients by developing new value-added services. | |
| 1996 | It is one of Egypt's leading real estate companies and is listed on the Cairo Stock Exchange | |
| 2004 | rmc is a leading consulting firm in the Middle East, specializing in architecture, engineering, and construction management. | |
| 2007 | Inertia is a real estate company that develops dynamic projects in different parts of Egypt such as Cairo, Mediterranean Sea, and the Red Sea. | |
| 1983 | Memaar Al Morshedy is designing, contracting and managing residential, retail, commercial, sports and leisure developments. | |
| 1970 | Integrated communities, including mixed-use real estate and hospitality projects across Egypt. | |
| 1999 | A group of contributed Egyptian companies that work in the field of real estate investment and general contracting. | |
| 1982 | Since its founding in 1982, Shaker has established itself as one of the leading engineering and design firms across the MENA region. | |
| 2016 | Marakez has a diverse portfolio of investments ranging from construction and financial services. | |
| 1981 | Misr Italia is a diversified real estate developer with almost 35 years of continual and successful experience in the sector. | |
| 2002 | Wadi Degla has expanded in both the Club and Real Estate industries with several projects across Cairo. | |
| 1979 | El Hazek Construction specializes in delivering high quality construction services and added value to its end clients. | |
| 2014 | Tatweer Misr has been a vital catalyst for change, delivering incomparable value through exemplary projects that master all facets of development. | |
| 2019 | We are a information & services hub with multiple arms that tackle every step of our clients journey from searching for a home, to buying and selling. | |
| 1989 | Mountain View is a private property development company specialized in developing first tier residences and resorts. | |
| 2000 | Since its inception in 1999, Hassan Allam Properties (HAP) has carved an enviable niche for itself as an exclusive boutique developer. |
Disclaimer
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.
This compilation of the companies has been made to the best of our knowledge and belief. We have made every effort to obtain the information from reliable and up-to-date sources and to reproduce it as accurately as possible. Nevertheless, we cannot guarantee the accuracy and completeness of the information. We are grateful for additions and corrections, which you are welcome to send to sales@egypt-business.com. The selection of companies is based on the number of employees, the revenue, and the number of online visitors.