Lazura Developments, one of the region’s leading real estate developers, has officially launched its operations in Egypt with initial investments exceeding EGP 30bn. The company plans to develop a series of projects in New Cairo, the New Capital, the North Coast, and Sheikh Zayed City, Invest-Gate reports.
The move reflects Lazura’s confidence in the strength and potential of Egypt’s real estate market, which continues to prove its resilience and appeal as a prime investment destination. The company aims to introduce innovative and sustainable real estate products that enhance quality of life in new urban communities, in line with the state’s strategy to build smart, integrated cities.
Dr. Ahmed Abdel Hakim, Board Member of Lazura Developments, said that the company’s entry into the Egyptian market reflects regional investors’ confidence in the strength of Egypt’s economy and its ability to attract large-scale investments, supported by the modern infrastructure established by the state.
He added that Lazura views Egypt as one of the most attractive and stable real estate markets in the region, aligned with the country’s ambitious urban development plans under Egypt Vision 2030. Abdel Hakim confirmed that Lazura’s first project will be launched in New Cairo, introducing smart and sustainable developments that meet customer needs and align with Egypt’s vision for green cities.
Dr. Ramadan El Seddik, Board Member of Lazura Developments, said the company brings extensive regional experience across the UAE, Oman, and Cyprus, where it has delivered more than 134 residential, commercial, and tourism projects. This record, he noted, gives Lazura a strong competitive edge in Egypt and enables it to deliver projects that meet global standards of quality and design.
El Seddik revealed that Lazura plans to announce its first project in New Cairo before the end of this year, followed by large-scale integrated developments in several key locations. These projects will rely on world-class architectural and engineering expertise to ensure excellence, efficiency, and innovation.
Mr. Ahmed Fouad, CEO of Lazura Developments, said that entering the Egyptian market marks a strategic milestone in the company’s regional expansion. He emphasized that Lazura aims to redefine modern living through smart design, sustainability, and advanced technology to support the national economy and the sector’s long-term growth.
Fouad added that Egypt’s real estate sector remains a safe haven for investment amid global economic challenges, achieving annual growth exceeding 15%. He stressed that Lazura’s presence will be a valuable addition, supporting economic diversification and reinforcing Egypt’s position as one of the region’s top real estate markets.