Wujood Developments to Invest EGP 15.5B in Egypt’s Urban Boom

Wujood Developments has just stepped into Egypt’s real estate scene with quite a splash, outlining plans to pump a hefty EGP 15.5 billion into new projects over the next two years. The company isn’t a fresh face exactly — it’s formed by a coalition of seasoned developers and investors boasting more than three decades of combined experience in construction, marketing, and project management.

From what I gather, their aim is to support Egypt’s ongoing urban expansion efforts, which the government has been pushing full throttle in recent years. The board includes well-known names in the local sector: Eng. Mohamed Hamdy sits as Chairman, Eng. Eman Hamdy as Vice Chairperson, and Eng. Mohamed El-Gazzar as General Manager, with Alaa Ali and Samar Hamdy also joining as key executives and founding partners.

Eman Hamdy described Wujood as a team of battle-tested Egyptian professionals whose track record spans nearly 50 completed projects valued at over EGP 2.5 billion. Those developments stretch across New Cairo, Heliopolis Gardens, Zahraa Maadi, and Giza — not exactly small change. She sounded confident about the country’s real estate outlook, saying it plays a vital role in driving economic growth and sustaining development momentum. And honestly, I reckon she’s got a point — housing demand in Egypt has remained surprisingly strong despite the ups and downs.

For his part, Alaa Ali said the company’s name reflects its “genuine commitment” to staying connected with clients. He mentioned that Wujood plans to roll out initiatives to make quality housing more accessible for Egyptians both at home and abroad. That’s a big promise, but if they pull it off, it could bring some welcome relief for middle-class buyers.

To top it off, Wujood is gearing up to launch ten high-end residential projects in New Cairo in 2025, costing around EGP 500 million. Then, in 2026, three more developments are expected to rise in New Cairo and New Heliopolis, worth a eye-watering EGP 15 billion. Quite an escalation, that.

Egypt, of course, has become a magnet for developers lately. With government-led urban expansion under President Abdel Fattah El-Sisi, the sector’s been buzzing. Still, it’s also a highly competitive playground — getting things done can be a bit of a faff between permits and bureaucracy. But the brave ones who navigate it can find real gold at the end.

At Arageek, we’ve often seen startups eye the property sector as daunting yet full of opportunity. And believe it or not, some have even carved out niches through proptech innovations. So when I see a player like Wujood take shape with such capital muscle, I can’t help but feel chuffed to bits about what this might mean for Egypt’s new cities in the coming years.

All in all, if Wujood delivers on its promises, Egypt’s skyline might look a lot different by 2026. Let’s see if they can turn all that ambition into bricks and mortar.

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