Modon Developments announced signing a long term strategic partnership with Bin Baz Developments to develop a series of major projects across different areas in Egypt, Invest-Gate reports.
Experience of Both Companies
The partnership comes as a result of Modon Developments’ experience in developing integrated urban projects including residential, coastal, hotel, service, educational, and sports developments with advanced visions and innovative technologies, in addition to Bin Baz’s experience and the strong track record of its founders in construction and executing projects with the highest quality standards.
Investment Size and Nature of Cooperation
The partnership aims to inject investments exceeding EGP 10 billion into the Egyptian market. Under the partnership, Bin Baz will execute contracting works for the new projects that will be developed jointly between both parties, in addition to executing contracting works for a number of Modon projects.
First Joint Project
The partnership between both parties will begin with developing a land plot in 6th of October City to implement a huge real estate project, whose details will be announced later.
Statements by Ahmed Osama
Ahmed Osama, CEO of Modon Developments, said that the partnership with Bin Baz Developments aligns with Modon’s plans to cooperate with strategic partners to implement the company’s vision of offering innovative projects that add real value to the Egyptian real estate market.
Studying New Investment Opportunities
He added that other opportunities and projects are currently being studied to be implemented through partnership with Bin Baz, noting that these projects are characterized by diverse and distinguished locations and uses.
North Coast Investment Opportunities
He pointed out that besides the October project, which will be the first joint investment, a distinguished investment opportunity in the North Coast is also being studied.
Statements by Ahmed El Baz
Ahmed El Baz, Chairman of Bin Baz Developments, confirmed that the alignment of visions and goals between Modon Developments and Bin Baz contributes to adding value to the Egyptian market through building a successful partnership model that provides products with the highest quality standards, competitive prices, and distinguished investment returns.
Focus on Prime Locations and Designs
He pointed out that both companies are keen on selecting distinguished locations for their projects while cooperating with top consultants to provide innovative designs and distinguished products.
Modon Developments Projects
Modon Developments continues to develop a variety of projects targeting distinguished locations, modern designs, and practical user experiences, whether in residential, commercial, or administrative projects.
Golf Town and Boutique Village Projects
Modon Developments owns a diversified portfolio of projects, including Golf Town located in Sixth Settlement in New Cairo, covering an area of 43 feddans with a low building ratio of 15% to provide wide and comfortable spaces.
The company is also developing Boutique Village – Boutique Business Village located in Golden Square in New Cairo, which is a commercial and administrative project aiming to provide advanced office and commercial spaces with modern designs and practical user experiences that meet the needs of companies and investors.
New Capital Projects
Regarding New Capital projects, Modon Developments’ portfolio includes several projects such as New Capital Lagoons, which extends over 60 feddans in the R8 residential district in the New Capital.
The portfolio also includes several commercial and administrative projects such as The Tower, Modon Mega Tower, Central Iconic Tower, Green River Tower, and M Business Tower, in addition to Modon Hotel & Residence, which combines hotel accommodation and integrated services with modern designs and a premium experience.
North Coast and West Cairo Projects
In the North Coast, Modon Developments is developing Lagoons Al Alamein project in cooperation with the New Urban Communities Authority.
In West Cairo, the company is implementing Villagio project, which is an integrated villas compound spanning 40 feddans in the Golden Square area in 6th of October City in front of Al Gezira Club. The project is distinguished by its unique design and integrated services.
Modon Developments Track Record
Modon Developments has also implemented a variety of projects including more than 100 residential towers in Nasr City.
The company has delivered luxury residential compounds with competitive prices and diverse spaces to meet the needs of different customer segments, including Garden View Compound in Fifth Settlement, which includes 75 villas, and Sephora Compound, which includes 630 residential units.
Bin Baz Developments Expansion Plans
Bin Baz Developments was launched at the end of 2025 supported by the extensive experience of its founders in many economic sectors, in addition to strong financial capabilities supporting the company’s expansion vision.
The company plans to expand in several distinguished investment areas, especially East Cairo and the North Coast, and aims to launch 3 major projects during the next five years.