Marakez Developments

Marakez for Real Estate Development stands at the pinnacle of the real estate pyramid in Egypt as one of the most innovative and influential companies in shaping modern urban features. As the investment arm of the Saudi Fawaz Alhokair Group, the company has managed, since entering the Egyptian market, to provide a unique model that combines international expertise with deep knowledge of local market requirements. The work philosophy at Marakez is not limited to constructing buildings but extends to managing and developing mixed-use destinations that serve the spirit of the communities in which they are located.

History and Origin of Marakez for Real Estate Development

Marakez was established in 2015 as part of the expansion strategy of the Fawaz Alhokair Group, which launched in 1989 in the Kingdom of Saudi Arabia. The group started with two men's clothing stores and quickly transformed into an economic empire spanning construction, healthcare, hospitality, and financial services sectors. In Egypt, the real true beginning was with the opening of Mall of Arabia in 2010, which paved the way for the launch of Marakez Development as an entity specialized in comprehensive real estate development that does not stop at retail but extends to major residential and administrative projects.

Who is the Owner of Marakez for Real Estate Development?

The credit for the company's financial strength and geographical spread goes to the Alhokair family. The owner of Marakez for Real Estate Development is Mr. Fawaz Alhokair, in cooperation with his brothers Salman and Abdul Majeed Alhokair. The company is managed in Egypt through a high-level management team including:

• Mr. Basil Ramzi: CEO who joined in August 2015, possessing extensive experience in managing major operations and implementing sustainable growth strategies.

• Mr. Ahmed El Demerdash Badrawi: Executive Vice Chairman, whose leadership has contributed to enhancing innovation within the company's projects since 2015.

• Yasmine Abu Samra: Chief Development Officer, who oversees the structural and aesthetic development stages of the projects.

Marakez Track Record: Achievements Reflecting Trust

The track record of Marakez is characterized by record numbers reflecting the volume of trust and financial solvency the company enjoys:

• The company possesses institutional experience of more than 9 years in the Egyptian market, backed by 35 years of experience from the parent group.

• The total land area developed by the company exceeds 4 million square meters.

• Executed and under-execution Built-Up Areas (BUA) have exceeded 12 million square meters.

• The company has already completed projects exceeding one million square meters in area, demonstrating speed and quality of execution.

Marakez for Real Estate Development Projects in Detail

Marakez projects are spread across the most vital and strategic areas, forming integrated service residential and commercial destinations:

First: District 5 Project - Fifth Settlement

This project is considered the milestone in the history of Marakez Development, applying the concept of integrated living:

• Area and Division: The project spans 268 acres, with 141 acres allocated for the commercial and administrative area, and 127 acres for the residential area.

• Strategic Location: Located in the Fifth Settlement area, 7 minutes from the American University and 20 minutes from Cairo Airport.

• Units: Includes a wide variety including villas, townhouses, twin houses, and penthouses, in addition to luxury residential apartments.

• Facilities: Features "Club Five," providing entertainment services, sports fields, and world-class gyms.

Second: Crescent Walk Compound - New Cairo

Crescent Walk represents the company’s latest vision in the New Cairo (Sixth Settlement) area:

• Design: Relies on the harmonious distribution of buildings around vast water bodies and green spaces to ensure privacy.

• Connectivity: Features smart internal roads connecting all areas of the compound and facilitating resident movement.

• Security: Advanced security systems are available, including surveillance cameras and trained security personnel 24/7.

Third: AEON Towers - 6th of October

AEON Towers are the first high-rise residential towers in West Cairo, featuring architectural designs that emulate international standards and provide residents with breathtaking panoramic views of Sheikh Zayed and October City.

Fourth: Ramla Ras El Hekma Project

Ramla Ras El Hekma is considered the qualitative leap offered by Marakez Development in the heart of the North Coast. The project combines architectural luxury and enchanting nature, providing an unprecedented residential and tourism experience in one of the most beautiful spots of Ras El Hekma Bay.

• Competitive Prices: Unit prices in the project start from 6,400,000 EGP, making it a golden investment opportunity given the increasing demand for the Ras El Hekma area.

• Unique Strategic Location: The project is characterized by its location, which is easily accessible via main roads, and is close to all vital, health, and entertainment facilities in the North Coast.

• Integrated Lifestyle: The project offers a package of upscale services including swimming pools, gyms, a world-class spa, and private gardens to ensure the highest levels of luxury.

Fifth: Commercial Investments (Malls)

• Mall of Arabia: Located in 6th of October City, it is one of the largest shopping centers in the Middle East with massive commercial spaces.

• Mall of Tanta and Mall of Mansoura: These projects reflect the company’s vision of transferring the global experience to Egyptian governorates to stimulate commercial activity there.

What Distinguishes Marakez for Real Estate Development

Marakez Development is unique for a set of characteristics that have made it a major player in the Egyptian market, as its philosophy is based on innovation and sustainability. Here are the most prominent features of the company:

• Integrated Communities Philosophy: The company specializes in building mixed-use projects that integrate living, working, and entertainment in one place.

• Massive Financial Solvency: It derives its strength from being the real estate arm of the prestigious Saudi Fawaz Alhokair Group, with international experience since 1989.

• Innovation in Design: Relies on young and creative engineering cadres to provide architectural designs that emulate international standards and utilize spaces intelligently.

• Commitment to Delivery Dates: The company is known for its extreme credibility and integrity in delivering all units to clients on the agreed dates.

• Strategic Locations: The company carefully selects its lands in the most vital areas such as the Sixth Settlement, Sheikh Zayed, and the North Coast.

• Advanced Infrastructure and Services: All its projects provide exceptional entertainment facilities like Club Five and smart security systems operating around the clock.

• Flexible Payment Systems: It is keen on offering diverse price packages with comfortable installment options that suit the aspirations of various investors.

Strategic Goals of the Company

Marakez Development is committed to a set of principles that ensure its permanent leadership:

• Innovation and Quality: Relying on a team of creative engineers to provide designs that emulate global trends.

• Credibility: Full transparency in dealing with clients and strict commitment to unit delivery dates.

• Market Study: Conducting detailed research before launching any project to ensure meeting the actual needs of investors and residents.

• Integration: Creating communities that contain everything, where the resident finds all basic and entertainment services within the vicinity of their home.

Address of Marakez for Real Estate Development

For direct contact with the company or to visit the management and sales offices, the address of Marakez for Real Estate Development is located in strategic locations that allow customers easy access:

• Headquarters: Located within the management offices at Mall of Arabia, 6th of October City.

• Project Sales Offices: Dedicated offices are available within the District 5 project in the Fifth Settlement and the Crescent Walk project in New Cairo.