Mohamed El Aasar, Chairman of Margins Developments, has disclosed that the company’s investments in 2024 exceeded EGP 12 bn, spanning various projects initiated since its inception in the Egyptian market in 2020, Invest-Gate reports.

This announcement was made during Margins Developments’ participation in Cityscape Egypt 2024.

Highlighting the firm’s extensive experience in construction, building, and real estate investment spanning over 12 years within Egypt, El Aasar noted the presentation of several distinctive and diverse projects, setting benchmarks in construction and urban development.

Margins Developments, established four years ago through the consolidation of various influential expertise from diverse economic sectors, particularly real estate development, aims to execute groundbreaking urban initiatives in East Cairo. The company’s strategic blueprint led to the launch of its inaugural project, the ZIA Business Complex in the New Administrative Capital (NAC) in 2021, with total investments reaching EGP 1.5 bn, strategically positioned near key arteries in the NAC.

El Aasar emphasized that the ZIA Business Complex achieved a significant milestone by becoming Egypt’s first business complex to secure the prestigious WELL certificate from the American International WELL Building Institute.

In 2022, the company unveiled its second venture, the Oaks Egypt Hotel in the NAC, with investments totaling EGP 3.5 bn. This project stands out for acquiring the exclusive OAKS brand, marking the debut of the OAKS hotel chain affiliated with the renowned Minor Hotels Group in Egypt, a leader in hotel management operating more than 530 hotels across 54 countries.

Regarding the Sheraton Residence Compound, Margins Developments’ third undertaking launched in 2024, it stands as a notable and magnificent residential project within Mostakbal City in New Cairo, signifying a significant addition to the company’s portfolio of exceptional developments.