Methaq Arab Group (MAG) has officially made its entry into the Egyptian market with the announcement of its first major project — a sprawling mixed-use development in East Cairo, backed by an impressive investment of EGP 60bn. The group, formed through a collaboration of Emirati expertise and Saudi-Egyptian capital, highlighted its strategic vision during a press conference, emphasizing that its move into Egypt is not just about regional expansion. The company plans to bring over a decade of successful experience from the Gulf real estate market to one of the Middle East's most dynamic and rapidly growing property sectors. Sheikh Abdullah Al-Amoudi, Chairperson of the Board, stated: "Egypt is one of the region's largest and most sustainable markets. We are proud to contribute to this stage of growth by delivering projects that address customer needs and create high-quality, integrated urban communities." Nour El-Sorougy, Board Member, Regional CEO, and official spokesperson, said that the company's Egyptian-Emirati partnership is designed to produce world-class developments: "With over 10 years of experience in Abu Dhabi and more than 25 completed projects, we are now bringing this expertise to Egypt. Our first development in East Cairo — combining residential, hospitality, and commercial elements — reflects our commitment to replicating and expanding upon this success." This first project marks a significant milestone in MAG's strategy to make a lasting impact on Egypt's growing real estate landscape, offering a blend of luxury living, world-class hospitality, and modern commercial spaces.
