Aswaq Developments is one of the most prominent rising commercial entities in East Cairo, having quickly established its presence through four fully-delivered mixed-use malls in Shorouk City.
The company was established in its current form in 2019 under the leadership of Eng. Moamen Rehan, Chairman of the Board, as the result of an alliance between real estate companies with more than 20 years of experience in contracting and development, with its portfolio concentrated in commercial, administrative, and medical units.
Its unit prices start from approximately EGP 79,000 per square meter, with payment plans extending up to 6 years, while its expansion plans during 2026 are directed toward new locations in East and West Cairo to strengthen its position among commercial-sector developers in the new cities.
The company’s full official name is Aswaq Developments and Project Management, an Egyptian company launched in 2019 to bring together, under one umbrella, the expertise of a number of real estate companies that have been operating since 2002.
It was established as a step to unify the management of existing projects and open new investment markets in modern urban cities.
Aswaq operates across multiple sectors including commercial, administrative, medical, and residential, alongside broader activity in the industrial and resort sectors accumulated by its founding companies over more than two decades.
Those companies executed more than 400 diverse projects before the alliance was formed, a legacy that gave the new entity a mature operational base from its earliest years.
The company focused its efforts on Shorouk City in East Cairo, where it launched a series of mixed-use commercial malls that mostly relied on immediate delivery or short timelines, which increased client trust and made it one of the prominent names in the region’s commercial and medical center market.
The company adopts a model based on studying market needs before launching any project, diversifying spaces within a single mall to accommodate shops, administrative offices, and medical clinics simultaneously, giving investors flexibility in choosing their activity and raising occupancy rates within the project.
In terms of investment volume, Aswaq continues to pump growing investments into its portfolio, with its latest project, “Solaria,” alone exceeding EGP 1 billion in investments, reflecting the company’s direction toward developing built spaces that serve the business sector while maintaining quality standards and commitment to delivery timelines.
The company’s focus on the commercial and medical sectors in Shorouk City reflects a reading of the needs of a growing market with increasing population density in East Cairo alongside a relative shortage of integrated commercial and service centers, which has made its projects attractive to brand owners and doctors seeking locations ready for immediate operation rather than waiting for years.
Aswaq Developments is led by a management team that combines engineering expertise with investment vision, including a group of founders and specialists who have managed the company’s projects in Shorouk City since its launch. The key leadership roles include:
This structure relies on integrating the accumulated expertise of the founding companies, giving the company a high execution capacity and a clear vision based on offering projects ready for immediate or fast delivery, away from long-term promises — an approach that has established its credibility as a trusted partner in real estate investment.
Aswaq Developments’ philosophy is based on the principle of realism in offerings and commitment in execution, avoiding delayed projects and focusing on what can actually be delivered to the client within short periods, with architectural designs that ensure clear visibility for each unit within the mall and smart space distribution that raises its commercial value.
The company also focuses on strict application of building codes and engineering standards in its projects, alongside selecting locations with high population and traffic density within Shorouk City, increasing the chances of success for commercial and medical activities established within its units.
The company aspires to be among the leaders of real estate development in the Egyptian and Arab markets, by leading innovation and offering the best investment opportunities for various segments, while adhering to the highest standards through advanced real estate products and distinguished operational management of its commercial projects.
Aswaq Developments’ track record is concentrated in a series of mixed-use commercial malls within Shorouk City. Below are its most notable projects:
| Project | Location | Type | Area | Status |
| Arena Mall | Shorouk City | Commercial / Administrative / Medical | 3,200 sqm | Delivered |
| City Hub Mall | Shorouk City | Commercial / Entertainment | — | Delivered |
| Mercado Mall | Shorouk City | Commercial / Administrative / Medical | — | Delivered |
| Solaria Mall | Shorouk City | Commercial / Administrative / Medical | 6,400 sqm | Under construction — delivery in 2028 |
| Aswaq Medical Complex | Shorouk City | Medical | — | Immediate delivery for some units |
The track record clearly shows Aswaq’s near-total geographic concentration within Shorouk City, and its reliance on the mixed-use mall model that integrates commercial, administrative, and medical functions within a single building, giving it a clear specialization in this type of project in East Cairo.
To inquire about details of the company’s delivered projects and available investment opportunities, you can contact Aswaq’s hotline at +201118183030 and obtain information from the sales team.
Arena Mall is the icon of the company’s projects in Shorouk City, a mixed-use project combining retail shops, administrative offices, and medical clinics over an area of 3,200 sqm, consisting of two basements, a ground floor, and three repeated upper floors.
The mall is located in a vital position near main axes and populated residential areas, ensuring traffic density that supports the success of activities within it, with units available for immediate delivery and accessible payment plans starting with a down payment of 20% and installments extending up to 5 years.
To inquire about the latest prices, installment plans, and to book a viewing for units at Arena Mall or other company projects, you can contact Aswaq’s sales number at +201118183030.
Aswaq Developments’ portfolio is distinguished by a number of factors that make it an attractive option for investors seeking commercial returns, including:
To get the latest information on Aswaq Developments’ projects, you can contact the specialized sales team to inquire about prices, book viewings, and learn about the payment plans available in its malls in Shorouk City. Call now at:
Aswaq’s sales team offers a free real estate consultation that includes an analysis of the client’s needs and budget, along with recommending the most suitable project from the company’s portfolio, in addition to providing field viewings of available units and presenting all financing and payment alternatives.
Aswaq Developments combines specialization in mixed-use commercial malls, a delivery track record that has earned client trust, and a management and engineering team with more than twenty years of experience in the Egyptian market, making its projects in Shorouk City a practical opportunity for investors seeking a stable commercial return.
To inquire about the latest prices, available areas, and installment plans, you can contact Aswaq’s sales number at +201118183030 and receive a comprehensive real estate consultation and view the units on-site.
