Egypt Development reports 50.5B EGP sales in first half of 2026
Develop Egypt, a company operating in the real estate development sector in Egypt, achieved contractual sales worth 50.5 billion Egyptian pounds during the first half of 2026, representing a 321% increase compared to the same period last year, when sales amounted to 12 billion pounds. Approximately 3,000 units were sold, with a built-up area approaching 300,000 square meters, raising the company's total cumulative sales since its founding in 2014 to over 150.5 billion pounds, with more than 20,000 clients. The company recorded profits of 1.2 billion pounds in 2025 and has begun distributing cash dividends of 200 million pounds, in addition to approving a plan to increase its capital through the distribution of free shares valued at 675 million pounds. The company expanded through the launch of major projects such as Abraj Marina Mont, on the Red Sea coast, which achieved sales exceeding 38 billion pounds within five days of its launch, accounting for approximately 75% of the first-half sales. Since 2019, the company has delivered more than 6,900 units and is working to deliver an additional 2,200 units in 2026, with an infusion of 7 billion pounds into construction works. These results are part of its strategy to expand and strengthen investments in the real estate and tourism sectors, with a focus on execution and maximizing value from its portfolio of projects.
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