Akam Developments is one of the real estate entities that quickly established its presence in the Egyptian market through a diverse portfolio spanning the New Administrative Capital, Ain Sokhna, and the North Coast, led by Eng. Essam Mansour, founder of Residence, with the founders’ combined experience exceeding 25 years in residential and tourism development.
The company was founded in 2018 as an Egyptian-Saudi partnership formed from the merger of established construction and building entities, then expanded through a strategic alliance with Saudi Arabia’s Al Rajhi Group under the name Akam AlRajhi, and has embraced the “Happiness Communities” concept since its launch, placing resident wellbeing at the heart of design, with low building ratios and expansive green spaces.
About Akam Developments
Akam Developments was founded in 2018 as the result of a strategic merger between two Egyptian entities with long track records in construction, Residence and Benayat, backed by Saudi support from Al Muhaidb Holding Group and Faisal Bank.
This alliance gave the company expertise in both residential and tourism development, alongside the financial and technical depth that enabled it to launch major projects from its earliest years.
This merger brought together complementary strengths: Residence contributed its extensive experience developing tourism and hospitality resorts in Ain Sokhna, while Benayat (formerly Dar Al-Bena Al-Araby, established in 1986) added its long-standing record in contracting and construction, and the Saudi side provided the financial depth needed to support expansion.
As the company’s ambitions grew toward the coastal market, it entered a new strategic alliance with Saudi Arabia’s Al Rajhi Group, chaired by Abdulwahab Al Rajhi, to operate under the name Akam AlRajhi — the alliance through which it launched its first coastal project in the North Coast on Ras El Hekma Bay.
The name “Akam” means “high hills,” a meaning the company reflects in its focus on projects that combine luxury housing with integrated hospitality services, having successfully blended Saudi and Egyptian expertise to deliver a real estate product that balances construction quality, strategic location, and investment return.
The company’s portfolio is concentrated in three main areas: the New Administrative Capital, home to its residential and commercial projects; Ain Sokhna, which reflects its founders’ track record in the resorts sector; and its latest expansion into the North Coast.
Board of Directors of Akam Developments
Akam Developments is led by a board of directors bringing together expertise in urban development, hospitality, and finance from both the Egyptian and Saudi sides, headed by Eng. Essam Mansour, who has over a quarter century of experience in real estate and tourism development as founder of Residence, which developed several resorts in Ain Sokhna, including Aroma.
The board follows a philosophy of combining diverse competencies across innovative residential solutions and hospitality development, with the company’s management structure including a number of prominent industry figures, among them:
- Eng. Hisham Kandil: Chief Technology Officer (CTO).
- Eng. Idris Mohamed: CEO and founder of Benayat and Idris Innovations.
- Abdulwahab Al Rajhi: Saudi partner, board member, and Chairman of Al Rajhi Group.
- Eng. Essam Mansour: Chairman, CEO, and founder of Residence.
The company’s leadership follows a management approach built on transparency and creativity, with a focus on building long-term client relationships through commitment to delivery deadlines and offering real estate products that exceed expectations.
Akam Developments’ Philosophy in Real Estate Development
Akam Developments’ philosophy stems from the idea that real estate is more than walls — it is a complete community that offers an exceptional quality of life.
The company therefore adopts concepts that combine luxury and sustainability, allocating large portions of its project areas to green spaces and artificial lakes rather than buildings, alongside collaboration with specialized engineering consultancies to ensure design accuracy and construction quality.
Vision of Akam Developments
The company aspires to become the most creative and trusted real estate developer in the Egyptian and Middle Eastern markets by 2030, transforming the traditional concept of housing into vibrant communities that offer happiness and comfort, integrating modern technologies and contemporary designs into every project.
Goals of Akam Developments
- Environmental Sustainability: Applying green building standards to reduce the carbon footprint of its projects.
- Customer Satisfaction: Raising satisfaction rates through after-sales services and strict adherence to delivery schedules.
- Architectural Innovation: Offering unconventional designs that prioritize sustainability and energy efficiency through smart building ratios.
- Portfolio Diversity: Balancing residential, commercial, and coastal projects to meet varied investment needs.
- Strengthening Confidence in Egyptian Real Estate: Attracting investment through international partnerships that combine local expertise with Saudi financial capacity.
Akam Developments’ Strategic Partnerships
Akam Developments relies on a network of partnerships that strengthen its execution and financing capabilities, including:
- Al Muhaidb Holding Group and Faisal Bank: The founding Saudi support that accompanied the company’s launch since 2018.
- Founding Companies (Residence and Benayat): The expertise arm in residential and tourism development, contracting, and construction.
- Saudi Al Rajhi Group: The company’s most recent strategic partner in its coastal expansion under the name Akam AlRajhi.
- Engineering Consultancy Firms: Design partners responsible for masterplans and ensuring execution meets international standards.
For inquiries about new investment partnership opportunities with Akam Developments, you can contact the Akam Developments hotline +201118183030 to receive detailed information from the sales team.
Akam Developments’ Track Record
The company’s portfolio spans residential and commercial projects in the Administrative Capital, tourism resorts in Ain Sokhna reflecting the founders’ expertise in the hospitality sector, and its latest coastal expansion in the North Coast. The table below highlights its most notable projects:
| Project |
Location |
Type |
Area |
Status |
| Scenario Compound |
Administrative Capital – Seventh District R7 |
Residential |
39 feddans |
Immediate and partial delivery |
| Scene 7 Compound |
Administrative Capital – Seventh District R7 |
Sports residential |
40 feddans |
Delivery underway |
| Enova Mall |
Inside Scenario Compound – Administrative Capital |
Commercial, administrative, and medical |
Built-up area within Scenario |
Delivered |
| Tulip Resort |
Ain Sokhna – Suez Road |
Tourism/hospitality |
Directly on the sea |
Delivered |
| Aroma Resort |
Ain Sokhna – Kilo 38, Suez Road |
Tourism |
85 feddans |
Some phases delivered, others under construction |
| Dose Village |
North Coast – Kilo 174, Alexandria/Matrouh Road |
Coastal tourism |
125 feddans |
Under construction |
This track record reveals a natural progression in the company’s experience, moving from tourism resorts in Ain Sokhna to integrated residential and commercial communities in the heart of the New Administrative Capital, and then to coastal investment in Ras El Hekma — giving its portfolio a balance between seasonal tourism real estate and permanent residential real estate, and reflecting its ability to manage different types of projects.
Akam Developments’ Projects on Our Website
The company’s currently available projects are distributed across the New Administrative Capital, Ain Sokhna, and the North Coast on our website. The following are the most notable (categorized by location):
Akam Developments’ Projects in the Administrative Capital
Scenario Compound is the company’s first project in the Administrative Capital, built on 39 feddans in the Seventh District R7 next to the British University. It offers apartments and duplexes ranging from 133 to 395 m², with a focus on privacy and tranquility and recreational features such as an open-air cinema, theater, and children’s areas.
Prices start from EGP 7,419,500 with a payment plan extending up to 10 years.
Scene 7 Compound, the company’s second project in the Administrative Capital, spans 40 feddans and features a building ratio not exceeding 19%, with the remaining area allocated to green spaces, lakes, and sports facilities, offering a model for a fully integrated sporting lifestyle.
Unit prices start from EGP 7,692,973 with a down payment starting at 10% and installments extending up to 10 years.
Akam Developments’ Projects in Ain Sokhna
Aroma Resort represents one of the founders’ most notable works in the hospitality sector, located in Ain Sokhna at Kilo 38 on Suez Road, spanning 85 feddans with a direct sea view.
The project combines tourism units with fully integrated hospitality services, with some phases already delivered and others under construction, reflecting Residence’s extensive experience in coastal resort development.
Akam Developments’ Projects in the North Coast
Dose Village North Coast is the first coastal project by Akam AlRajhi, located at Kilo 174 on the Alexandria/Matrouh Road in the heart of Al-Dabaa Bay, near Ras El Hekma and Sidi Abdel Rahman. It spans 125 feddans with a 450 meter beachfront, allocating approximately 70% of its area to green spaces and lakes, with only 30% designated for buildings.
The village offers a variety of units including hotel apartments, chalets, townhouses, and standalone villas, with prices starting from EGP 14,300,000, a down payment starting at 5%, and installments extending up to 8 years.
For inquiries about the latest prices, installment schedules, and to book a viewing for any of Akam Developments’ projects, you can contact the Akam Developments sales number +201118183030.
Investment Advantages in Akam Developments’ Projects
- Flexible Payment Plans: Installment periods extend up to 10 years across the Capital and Coast projects, reducing the cash burden on investors.
- Immediate Delivery Availability: Scenario Compound offers units ready for immediate and partial delivery — a rare feature that lets you start using or renting without waiting.
- Geographic Diversity: A portfolio that combines urban living in the Capital with coastal leisure in Ain Sokhna and Ras El Hekma, giving investors multiple options.
- Low Building Ratios: The building ratio does not exceed 19% in Scene 7 Compound, while Dose Village allocates about 70% of its area to nature, reflecting positively on quality of life and unit value.
To get the latest information on Akam Developments’ projects, you can contact the specialized sales team for inquiries about prices, viewing bookings, and details of available payment plans for projects in the Administrative Capital and North Coast. Call now:
- Akam Developments Sales Number: +201118183030 (Available daily from 10 AM to 10 PM)
- Akam Developments Hotline: +201118183030 (Available daily from 10 AM to 10 PM)
Akam’s sales team provides real estate consultations that include an analysis of the client’s needs and budget, recommending the most suitable project from the company’s portfolio, in addition to arranging on-site unit viewings and presenting all available financing and payment alternatives.
Why Choose Akam Developments’ Projects ?
Akam Developments combines a strong Egyptian-Saudi alliance with Al Rajhi Group, low building ratios that give its projects expansive green spaces, and strategic locations spanning the heart of the Seventh District in the Administrative Capital to the shores of Ras El Hekma on the North Coast — a combination that makes its units an excellent residential and investment choice.
For inquiries about the latest prices, available areas, and installment schedules, you can contact the Akam Developments sales number +201118183030 to receive a comprehensive real estate consultation and view the units on-site.
