Kulture Developments has announced its entry into Egypt’s real estate market, Invest-Gate reports.

The company is launching its operations with a promising project in East Cairo, spanning over 60 acres in the Sixth Settlement area of New Cairo.

Mohamed Abdel Hamid, CEO of Kulture Developments, stated that the company is built on over 20 years of experience in the real estate development sector. This extensive expertise will be leveraged to implement the company’s ambitious strategic plans for growth and expansion in the market, based on a clear, well-defined, and carefully studied action plan.

Abdel Hamid pointed out that the company’s strong start with its first project in East Cairo reflects its ambitious goals and the establishment of a significant real estate entity. He added that the company is backed by a shareholder structure with extensive experience and strong financial solvency. These shareholders are already involved in established real estate companies executing multiple projects in the market and have decided to launch a new company targeting the high-end Class A residential segment.

He remarked, “At Kulture Developments, our mission is to provide integrated real estate solutions that meet the evolving demands of both local and international markets. We are committed to blending modern design with exceptional quality while catering to the diverse needs of our clients. We are thrilled to begin our journey in the Egyptian market and aspire to lead the way by delivering genuine value through our innovative projects.”

Abdel Hamid explained that the company has an investment plan that includes a range of diverse real estate projects across various activities and locations. Kulture Developments aims to create projects that serve as landmarks in their respective areas, encompassing commercial, administrative, and residential developments. All projects are designed to meet the needs of different market segments, add value to the real estate sector, and contribute to the implementation of the state’s comprehensive urban development plan.