MBG Developments announced investments exceeding EGP 3.5 billion in construction works across its ongoing projects in the New Administrative Capital and Ras El Bar. This comes as part of an execution plan aimed at accelerating project timelines and ensuring adherence to delivery schedules throughout 2026, Invest-Gate reports.

The announcement was made during the company’s annual celebration, attended by its executive leadership, including Dr. Mahmoud El Adel, Chairman of the Board, and Dr. Amr El Adel, Vice Chairman and CEO. The event also honored a number of outstanding team members in recognition of their contribution to achieving advanced execution rates across various projects.

DIPLOEAST Project – Strong Design Launch with Investments Exceeding EGP 500 Million‎

MBG announced its engagement with a leading specialized consulting firm to manage the design works for the DIPLOEAST project, ensuring the company delivers on its promise of high-quality living through sound urban planning and suitable interior design.
Earthworks have already commenced in preparation for construction stages, with fully completed townhouse architectural models—featuring both interior and exterior finishes—scheduled for 2026. Additionally, a comprehensive project experience area is being developed to allow clients to explore the site firsthand, including internal roads, green spaces, and water features, with total construction investments exceeding EGP 500 million.

PUKA Project – 95% Exterior Finishes Completed, Ready for Delivery in 2026

The PUKA project has achieved advanced execution rates, with infrastructure works nearly complete and approximately 95% of exterior façade finishes finalized, reflecting the full realization of the project’s architectural identity.
The remaining units are planned for delivery in 2026, alongside the completion of site landscaping and the launch of the commercial area, with total investments exceeding EGP 1 billion.

Dora Bay Project – Unique Urban and Tourism Property with Investments Surpassing EGP 1 Billion

MBG announced the completion of concrete structures for more than 17 buildings in the first phase of Dora Bay, with construction underway for the second and third phases, both expected to be completed by 2026.
Fully finished architectural models have been prepared, along with a comprehensive project experience area including beach expansions, water features, and green spaces. Preparations are also underway for the commercial zone and the signing of agreements with major global hotel chains.

River Green 1 Project – Nearing Delivery with Investments Exceeding EGP 500 Million

The River Green 1 project has completed all concrete structures and buildings, with interior finishing works underway and exterior facades being implemented.
Full project completion and unit deliveries are planned for 2026, alongside the completion of external site landscaping.
WH 14 Project – Rising Execution Rates with EGP 150 Million Investment
The company has completed the concrete structures of the basement, ground floor, and first floor for WH 14, aiming to complete approximately 80% of the concrete structure in 2026 in preparation for subsequent stages, with construction costs exceeding EGP 150 million.

River Green 2 Project – Strong Consultancy Supervision and Full Concrete Structure in 2026

MBG confirmed the engagement of Moharram Bekhoum Office as the supervising consultant for River Green 2, with geotechnical surveys and tests completed, and excavation and backfilling works commenced.
The full concrete structure is expected to be completed in 2026, with total construction costs exceeding EGP 300 million.

This detailed update on the construction progress of various projects serves as both an accountability report and a token of respect and appreciation for MBG’s clients, who have trusted the company’s unique model of commitment and achievement amid the challenges of the real estate market.