HPD Developments unveils its first projects in the Egyptian market in partnership with Zamil Group with EGP 8bn investments
Amid a comprehensive urban renaissance and increasing foreign investor interest in Egypt’s real estate market, HPD Developments has officially launched operations in Egypt. This Egyptian-Saudi partnership with Saudi Arabia’s Zamil Group establishes a robust real estate entity, leveraging over 20 years of expertise from its shareholders and founders.
HPD Developments was introduced at a grand event that highlighted the company’s unique strengths, ambitious strategic vision, and extensive expertise. The event showcased the legacy of Zamil Group, a pioneer in the Saudi construction sector since 1920, and drew an audience of prominent business leaders and distinguished figures from various industries.
Sherif El-Domyati, CEO of HPD Developments, highlighted Egypt’s extensive urban renaissance over the past decade, significantly boosting foreign investor interest in the Egyptian market. He attributed this to Egypt’s favorable investment climate and strong government support aimed at driving high economic growth.
El-Domyati noted that the Egyptian real estate market remains highly appealing to foreign investors due to its competitive advantages.
He added, “Given these favorable conditions, HPD Developments has emerged as a strong new entity through a strategic Egyptian-Saudi partnership. The objective is for this company to swiftly secure a prominent position in Egypt’s real estate market, bolstered by its deep expertise, ambitious goals, and solid financial resources.”
El-Domyati highlighted that the company’s first project is a commercial, administrative, and medical mall, developed with a unique concept that sets it apart from competing projects. This uniqueness is driven by its prime location, intelligent design, innovative operation, and management, as well as collaborations with top specialized companies to oversee every detail. From the very beginning, the company has focused on excellence in every aspect, having signed multiple cooperation agreements with key partners to contribute their expertise across various project specialties during the company’s launch event.
He disclosed that the project covers an area of 13,660 sqm and is located along Sadat Axis in New Cairo. The ground floor will be fully dedicated to commercial properties, featuring restaurants, a car showroom, furniture stores, and other businesses that need spacious areas to showcase their products. The rest of the project will be evenly divided between administrative and medical spaces, each with its own separate entrances.
He explained that the new project, which the company is launching, is being developed with an investment of EGP 8bn, and approximately 60% of the project has already been completed—an impressive progress made even before the official launch, reflecting a clear plan and strong financial capacity. Additionally, two underground parking garages have been built. The project is scheduled for delivery in the last quarter of 2026, with the company aiming to complete and deliver it ahead of schedule to its clients.
Furthermore, the distinctive features of this project position it as an ideal real estate offering for international clients seeking lucrative investment opportunities. The company is prioritizing property exports and plans to create real estate products specifically designed for clients outside Egypt. He highlighted the crucial role of cooperation between the government and the private sector in ensuring success in the property export market.
Sheikh Ahmed bin Zamil, representative of Zamil Group from Saudi Arabia and co-founder of HPD Developments, stated that the deep historical, political, and economic ties between Egypt and Saudi Arabia play a significant role in attracting Saudi investors to the Egyptian market across various sectors. The real estate sector, with its robust advantages, is a particularly important area of investment for Zamil Group, in collaboration with Egyptian partners.
Bin Zamil stated that the shared vision between the company’s shareholders and management, coupled with robust investment strategies and a strong strategic framework, will position this new entity to effectively compete with top real estate companies in the Egyptian market, paving the way for significant growth and development in the near future.
He noted that the company boasts a diverse land portfolio, all strategically located in prime investment areas. This project was selected as the company’s inaugural venture in the Egyptian market due to its unique and distinctive features, showcasing the expertise and strength of HPD Developments.
Additionally, he disclosed that reputable entities have been brought on board to contribute to this promising and exceptional project. These include e& business Egypt, responsible for providing triple play services, EFS for facility management, Ark Five for the project’s design, EHFS—part of the Cleopatra Group—to oversee the medical operations, and Arkan Engineering Consultancy for the project’s engineering consultancy. Each of these organizations has a proven track record, further emphasizing their excellence.
Eng. Sherif El-Khouly, Chief Business Officer of e& Egypt, said that the partnership with HPD Developments is a strategic move designed to deliver advanced communication solutions that will support the company’s new project and improve the customer experience. This is especially significant given the vast expertise and technological innovations that e& business Egypt brings to its partners.
He further explained that this collaboration will allow HPD Developments to leverage e& business Egypt expertise in delivering integrated smart solutions, such as high-speed internet and telephony services. These solutions will enhance the project’s value, boost its investment attractiveness, and strengthen its competitive edge, highlighting that this partnership signifies the start of a new era of innovation and development.
El Khouly added that both e& business Egypt and HPD Developments are working toward a shared vision of providing integrated real estate solutions that meet customers’ aspirations and improve their quality of life, expressing his pride in being one of the success partners for HPD in its first project in the real estate market.
Mohamed Serag, Chairman of Ark Five Engineering Design, emphasized that the prime location of any project necessitates the creation of an optimal architectural design that maximizes the potential of that location. As such, HPD Developments’ latest project stands out for its strategic location, offering stunning views and excellent connectivity to key roads, ensuring easy access to surrounding areas.
Serag noted that the project features an innovative architectural design that strikes a perfect balance between visual appeal and functional performance, highlighted that the strategic location of the project reflects a visionary mindset and smart selection by HPD Real Estate Development.
At Ark Five, we are delighted to be part of this promising project, which will become a significant landmark in the entire East Cairo area. He also noted that the design carefully considers the separation of activities within the project to ensure optimal operational standards and comfort for the clients, he pointed out.
Dr. Mohamed Hesham, Group Director of Facilities and Operations at EHFS – one of Cleopatra Hospital Group’s companies, stated that being part of this distinguished project adds to the company’s portfolio and its list of prominent projects.
Hesham said that the company will serve as the medical operator for the clinics within the project, aiming to implement the best plans to ensure the medical part of the project is exemplary in both operation and management, achieving the highest standards of comfort for clients.
Major General Mohamed Galal, Head of Public Relations and Security at Cleopatra Hospital Group, said, “We are proud to be part of this distinguished project. This collaboration with HPD Developments is part of our vision to provide integrated and exceptional healthcare services to the clients visiting the medical clinics within the project. With our experience in clinic management, we will ensure the best services are offered to clients.”
For his part, Waleed Mansour, Head of the Commercial Sector at EFS Facility Management, said the importance of management in achieving the highest standards of quality and comfort for clients visiting the project, regardless of its investment activity.
He pointed out that his company is keen on collaborating with strong entities and companies like HPD Developments.
He noted that under this agreement, his company will handle the full management of the new project, including cleaning, maintenance, and security services through surveillance cameras within the project. He explained that his company has a list of strong success partners and major real estate companies managing their projects across various new cities.
