Emaar Properties to Finalize Major New Project in Egypt with Saudi Partner

Riyadh, Saudi Arabia – October 30, 2025: Emaar Properties, one of the world’s leading real estate developers, is set to expand its footprint in Egypt through a new large-scale development in partnership with a Saudi investor.

Founder and Chairman Mohamed Alabbar revealed that the company is preparing to sign an agreement within weeks with Abdullah Saleh Kamel, Chairman of Dallah Albaraka Holding Group, to develop a prime parcel of land in Egypt. The announcement was made during an interview with Asharq Business on the sidelines of the Future Investment Initiative (FII) in Riyadh.

Strengthening Regional Investment Partnerships

Alabbar noted that discussions between Emaar and Dallah Albaraka have reached an advanced stage, emphasizing the strategic importance of collaboration between the UAE and Saudi Arabia in driving regional growth and investment diversification.

“We are in the final stages of our discussions with our Saudi partners to establish a new landmark development in Egypt,” said Alabbar. “This project will reflect our shared vision of building world-class communities that combine innovation, sustainability, and long-term value creation.”

The agreement underscores Emaar’s ongoing commitment to Egypt’s property sector, which remains one of the company’s largest markets outside the UAE. Emaar has already played a pivotal role in shaping Egypt’s modern real estate landscape through projects such as Uptown Cairo, Mivida New Cairo, and Marassi on the North Coast, which have collectively redefined urban living and coastal development standards in the country.

Emaar’s Expanding Global Portfolio

Established in 1997, Emaar Properties has grown into one of the most valuable real estate companies globally, with net assets exceeding $48.3 billion. The company’s diversified portfolio spans residential, retail, commercial, hospitality, and entertainment sectors, with iconic projects such as Burj Khalifa, Downtown Dubai, and Dubai Mall serving as global benchmarks for mixed-use development.

Emaar’s expansion into Egypt aligns with its broader strategy to leverage its expertise in master-planned communities across key regional markets, strengthening its presence in MENA’s growing urban development ecosystem.

A Vision Rooted in Design and Sustainability

Alabbar highlighted that Emaar’s approach to development extends beyond architecture and infrastructure, emphasizing human-centric design, integrated communities, and sustainable growth.

“Emaar is not just about building properties; it’s about building cities that stand the test of time,” Alabbar said. “Our focus has always been on creating environments where design excellence, community well-being, and environmental responsibility coexist.”

The upcoming Egypt project is expected to mirror this philosophy, combining modern living, smart design, and sustainable infrastructure tailored to the needs of Egypt’s growing urban population and expanding economy.

Driving Egypt’s Real Estate Momentum

Egypt’s real estate market has seen strong investor interest in recent years, supported by infrastructure expansion, economic reforms, and large-scale developments in new cities such as New Alamein, New Administrative Capital, and Ain Sokhna.

Emaar’s planned new venture, in partnership with a major Saudi conglomerate, is anticipated to contribute significantly to this growth trajectory, reinforcing confidence in Egypt’s long-term real estate outlook and its position as a strategic hub for regional investment.

With the final signing expected within the coming weeks, the collaboration marks a new chapter in Emaar’s regional expansion, one that reflects the deepening economic ties between the UAE, Saudi Arabia, and Egypt, and their shared vision for sustainable urban transformation across the Arab world.