HPD Developments, a new real estate entity born from an Egyptian-Saudi partnership with Saudi Arabia’s Zamil Group, has officially launched operations in Egypt, Invest-Gate reports.

The announcement came at a high-profile event that showcased HPD’s strategic vision, the legacy of Zamil Group—pioneers in Saudi construction since 1920—and the unique capabilities of its partners.

Sherif El-Domyati, CEO of HPD Developments, highlighted the significance of Egypt’s urban transformation over the past decade. “This remarkable urban renaissance has significantly boosted foreign investor interest in the Egyptian market,” he said. El-Domyati revealed that HPD’s flagship project, developed with an investment of EGP 8 bn, is already 60% complete, underscoring the company’s commitment to delivering world-class projects on schedule.

Sheikh Ahmed bin Zamil, representative of Zamil Group and co-founder of HPD Developments, emphasized the strong ties between Egypt and Saudi Arabia. “The deep historical, political, and economic connections between our nations play a critical role in attracting Saudi investments across various sectors,” he stated.

The project also includes partnerships to integrate advanced features. Sherif El-Khouly, Chief Business Officer of e& Egypt, said, “Our collaboration with HPD Developments aims to provide cutting-edge communication solutions that enhance the customer experience and align with technological innovations.”

Architectural excellence is a key focus, as highlighted by Mohamed Serag, Chairman of Ark Five Engineering Design. “The project’s prime location necessitates optimal architectural design to realize its potential fully,” he explained.

Healthcare services are also integral to the project. Major General Mohamed Galal, Head of Public Relations at Cleopatra Hospital Group, stated, “This collaboration reflects our vision to deliver integrated and exceptional healthcare services for the medical clinics within the project.”

Waleed Mansour, Head of the Commercial Sector at EFS Facility Management, concluded, “Effective management is vital to achieving the highest standards of quality and comfort for clients visiting the project, regardless of its investment activity.”

HPD Developments’ entry into Egypt signifies a transformative step for the real estate sector, bolstered by strong partnerships and a vision for excellence.