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2 clusters · 3 sources · 14 days · First seen · Last updated

Saudi real estate expansion into Egypt

Overview

Saudi-based real estate entities have begun expanding their operations into the Egyptian market.

In late August 2026, Asal Holding announced the acquisition of Kayan Contracting and Zurich Real Estate Development. This move aims to leverage a land portfolio valued at approximately 50 billion Egyptian pounds across locations such as New Cairo, Sheikh Zayed, New Mansoura, and New Damietta to develop seven diverse projects.

Following this, Atwar Real Estate Asset Management announced its entry into Egypt in early September 2026. The company intends to provide management and operational services for commercial centers, residential buildings, and administrative offices in regions including Cairo, the New Administrative Capital, and the North Coast.

Entities

Mohammed bin Aidrous Babrik · Asal Holding · Egypt · Saudi Arabia · Yemen

Timeline

  1. 5 days ago

    [BUSINESS] 2 sources
    Atwar Real Estate Asset Management expands into Egypt

    Atwar Real Estate Asset Management is expanding into Egypt, leveraging 17 years of experience in property operations across Saudi Arabia and Yemen to manage commercial, residential, and administrative assets.

  2. 19 days ago

    [BUSINESS] 2 sources
    Asal Holding expands into Egypt via strategic acquisitions

    Saudi investment fund Asal Holding has acquired Kayan Contracting and Zurich Real Estate Development to expand its footprint in Egypt with a 50 billion EGP land portfolio.

Sources

alaqaratalyoum.com · albayt.news · aqarlight.com