Five Palm Developments has officially launched its operations in Egypt’s real estate sector, announcing its entry with a series of major projects in the New Capital and Fifth Settlement, East Cairo. The company has acquired prime land plots in strategic locations as part of its expansion strategy, Invest-Gate reports.

Mr. Islam Shahat, CEO of Five Palm Developments, stated that the company aims to introduce innovative real estate products aligned with Egypt’s urban development drive. He emphasized the company’s commitment to international standards in design and construction, while creating integrated urban environments tailored to the needs of both residents and investors.

Shahat revealed that the company will launch its first major project in Q4 2025, with investments exceeding EGP 4 bn. The development will feature residential and commercial units designed to meet global benchmarks.

Yasser Raslan, Chairman of the Board, affirmed the company’s dedication to delivering tangible, high-quality projects, adhering to strict construction timelines and ensuring early delivery to maximize investment value.

Vice Chairman Youssef Issa noted that the board has approved significant investments for launching mixed-use projects. These developments will offer modern living and working spaces, integrating healthy environments with attractive residential, commercial, and administrative components.

Founded in 2012 as a contracting firm, Five Palm built a strong reputation for fast, high-quality execution. In 2023, it expanded into real estate development and asset management, aiming to deliver cutting-edge, value-driven projects that meet evolving market demands.