Marsoum Developments has officially announced the launch of its operations in Egypt’s real estate market, backed by an ambitious investment plan exceeding EGP 20bn, Invest-Gate reports.

The company also revealed its first project in Smouha area of Alexandria, reflecting its direction toward introducing a different development model based on strong expertise and strategic vision.

Statements by the Founder and Board Director

Mr. Ayman Embaby, founder and board director of Marsoum Developments, stated that the company is founded on extensive experience and a strong track record in real estate development and contracting, which supports its entry into the Egyptian market.

He added that the first project marks the beginning of a broader expansion plan focused on delivering developments that add value to the market.

During the company’s press conference, Mr. Ayman Embaby said that Egypt’s real estate market continues to present solid growth potential, supported by ongoing demand across different property segments. This creates room for serious and ambitious companies to demonstrate their competitiveness and expand their presence.

He added that the current market conditions require developers to adopt a clear vision and maintain operational flexibility to respond to changing dynamics, while prioritizing quality and delivering tangible value to customers.

He noted that these elements are essential for building a sustainable presence in the market, revealed details of the company’s first project in the Egyptian real estate market, located in the Smouha area of Alexandria one of the city’s most vibrant districts.

Mr. Ayman Embaby further pointed out that the project reflects the company’s vision of delivering an integrated urban experience that combines a prime location, modern design, and high quality execution.

Details of the First Project

He disclosed that the development is a fully integrated mixed-use project comprises residential, hospitality, commercial, administrative, and medical units, spanning over 30,000 sqm. The project will introduce services not previously available in the Alexandria market, with the aim of delivering added value to Smouha area and enhancing the overall quality of services offered there.

Statements by the Executive Board Member

For his part, Eng. Sayed Saber, co-founder and executive board member of Marsoum Developments, said the company follows a holistic approach to real estate development that extends beyond construction to creating a fully integrated living experience, supported by strategic site selection, modern design, and high standards of execution.

He added that the company’s launch is backed by extensive experience, with a track record of more than 20 projects across several governorates, supporting its expansion plans in the coming period. This will help position the company as a leading player in the real estate market within a relatively short time. Moreover, the first project represents a true starting point for the company’s journey in the Egyptian market.

Strategic Partnerships

Eng. Sayed Saber also announced the signing of several strategic partnerships with leading specialized firms in design, construction, and management for the company’s first project. These collaborations will strengthen its ability to deliver well-planned, high-quality developments, ensuring a project that integrates all elements of excellence. Additionally, the company aims to introduce an exceptional development that meets the expectations of clients in Alexandria.

Company Foundation and Founders’ Experience

Marsoum Developments was established as a partnership between Mr. Ayman Embaby and Eng. Sayed Saber, bringing together extensive industry experience and an ambitious vision to build a real estate company focused on delivering meaningful value to the Egyptian market.

Mr. Ayman Embaby is a well-known figure in real estate development and investment with more than 20 years of experience. He began his career with Amgad Company and has delivered multiple projects across Egypt, with a total developed area exceeding 15 million sqm.

Eng. Sayed Saber, co-founder and founder of Telal Developments, has over 10 years of experience in delivering residential, commercial, and service developments, particularly in Borg El Arab City and Alexandria.