EGP 500 Million for DIPLO EAST … Doray Bay Investments Exceed One Billion

Completion of PUKKA Facade Finishes … Significant Focus on the “Medical Portfolio”

Dr. Amr El Adel: We Aim to Continue the Successes of 2025 … This Year is for “On-Ground Achievements”

El Adel: MBG Among the First Companies to Invest in the New Capital … First to Build an Integrated Community in Ras El Bar

MBG Developments intends to inject EGP 3.5 billion to accelerate the pace of construction works during the current year, increase operational capacity, and fully meet delivery schedules for clients, while adhering to quality and international standards, Invest-Gate reports.

The company has a packed execution agenda this year, starting with the DIPLO EAST project, one of the company’s prominent projects in the New Capital, for which construction investments exceeded EGP 500 million.

The company completed the earthworks for the project in preparation for the construction phases and implemented live architectural models for townhouse units, allowing a realistic visualization of the final project. It also provided viewing areas including an internal road network, green spaces, and water features, reflecting a comprehensive urban planning vision.

Massive Investments in the New Capital

In the New Capital as well, the company injected investments exceeding EGP one billion in the PUKKA project, which shows remarkable progress, as infrastructure works are nearly complete. External facade finishing works have reached about 95%, alongside continued organization of the general site, including roads, green areas, and water features.

Work continues on the Rivergreen Medical Complex 1 project with the completion of the concrete structure and a plan to finish the majority of construction works during 2026. This prepares for moving on to finishing phases in a project that represents a qualitative addition to the company’s medical sector portfolio, featuring designs based on the highest standards of quality and innovation, with a total cost exceeding EGP 150 million.

The Rivergreen Medical Complex 2 project is also progressing according to the set timeline, with excavation and foundation replacement works underway, and the involvement of major consulting offices to ensure execution quality. The concrete structure is expected to be completed, followed by final finishing works during 2026, with total investments exceeding EGP 300 million.

Meanwhile, the Doray Bay project in Ras El Bar saw the completion of the concrete structure for more than 17 buildings in the first phase, alongside the commencement of the second and third phases. Viewing areas were prepared, and beach works expanded to provide a comprehensive urban and tourism experience, with contracts signed with international hotel and commercial brands. Investments have exceeded EGP one billion.

Significant Success in 2025

Dr. Amr El Adel, Vice Chairman and CEO, stated that the company aims to continue the successes achieved in 2025 and accelerate the execution of projects that form a key pillar in the company’s growth strategy, reflecting its commitment to delivering urban products with added value to the Egyptian market.

El Adel added that 2026 will be dedicated to rapid on-ground achievements and expanding the project portfolio. However, this does not prevent the company from exploring expansion opportunities in new areas, as the company always aims to diversify its portfolio and achieve the highest investment returns for its clients. The company considers its clients as the true pulse of the market, which has given it credibility and trust throughout its history.

Dr. El Adel highlighted the Doray Bay project as an example, noting that MBG Developments was the first real estate company to build a fully integrated residential project in Ras El Bar, offering an exceptional experience that meets clients’ diverse tastes and interests. The project features the longest coastal front, extending up to 1,100 meters, allowing residents to enjoy the finest Mediterranean beaches.

He pointed out that MBG Developments was among the first companies to enter the New Capital with the distinguished “PUKKA” project in the Investors’ District, giving the project the advantage of collaborating with the largest entities in the Middle East to design and execute the project, ensuring a unique real estate product of high quality that meets client needs and requirements.

El Adel confirmed that MBG Developments continues to adopt an approach combining precise planning and professional execution while fully adhering to quality and innovation standards. This contributes to maximizing the investment and urban value of its projects and supporting Egypt’s urban development. The company aims through its projects to achieve the state’s targets of doubling the built-up area and increasing incoming tourism to the country.