élm Developments has officially launched operations in the Egyptian real estate market, introducing itself as a specialised developer of residential, commercial, and mixed-use destinations, Invest-Gate reports.

The company announced its readiness to roll out its first project in 6th of October City, marking the beginning of what it described as a new chapter driven by deep expertise and entrepreneurial innovation.

The company is chaired by Dr. Yasser Abdel Maksoud, a veteran in healthcare and business, who brings a progressive outlook to real estate. Abdel Maksoud expressed his enthusiasm for the launch, describing it as “the start of a bold journey to create human-centric urban communities.” He stressed that élm’s vision stems from the belief that real development prioritises individual wellbeing and fosters sustainable, thriving environments.

Former Minister of Housing Dr. Assem El Gazzar, who serves as élm’s Non-Executive Managing Director, said he is proud to be part of the company. He noted that his involvement reflects his belief in the private sector’s role in driving sustainable urban development. He also highlighted élm’s ability to deliver comprehensive projects that align with future urban planning needs.

CEO Eng. Mahmoud Abdeen, founder of Concrete for Engineering & Contracting, brings decades of experience leading high-profile projects such as the Cairo Metro and City Centre Almaza during his time with global contractor CCC.

élm, founded in 2024, aims to redefine contemporary living by developing integrated and sustainable communities that prioritise environmental responsibility and long-term human connection.