El Nasr Housing and Development is one of Egypt’s longest-established state-owned real estate developers, operating under the Holding Company for Construction and Development, an affiliate of the Ministry of Public Business Sector.
The board is chaired by Ashraf Abdullah, while Eng. Hatem Hussein was appointed Chief Executive Officer and Managing Director in July 2026. Since taking over the management and urban development of the Mokattam plateaus in 1984, the company has prepared more than 4 million square metres of fully serviced land for residential, commercial and service use, and has built a portfolio of dozens of housing and land-development projects spanning the Fifth Settlement, New Cairo, 6th of October and Mokattam, with prices starting from EGP 30,000,000 across its currently available projects.
About El Nasr Housing and Development
El Nasr Housing and Development operates within the framework of the Holding Company for Construction and Development, which reports to the Ministry of Public Business Sector. That structure gives its property contracts an institutional, state-backed footing that differs from the private developer model, since its investment and contractual decisions fall under the oversight of the relevant government authorities.
According to Egyptian press coverage of the company’s history, its establishment traces back to Presidential Decree No. 231 of 1962, under a different name, before it settled into its current housing and urban development activity. The decisive turning point came in 1984, when the company was handed full responsibility for managing and developing the Mokattam district, a mandate that has shaped its identity and its accumulated expertise across more than four decades.
In housing specifically, the company has delivered more than 4,000 residential units in Mokattam, with unit sizes ranging between 70 and 250 square metres, alongside retail stores and dedicated parking serving those buildings. Its remit also extended to executing water, sewage and electricity networks and connecting Mokattam to the wider Greater Cairo utility grid, as well as landscaping the gardens of the upper and lower plateaus across a total area of 100,000 square metres.
The company’s activity is not limited to residential development. It also works in land subdivision and servicing, contracting, and infrastructure, having delivered major utility projects for a range of government entities. That breadth is uncommon among developers in the Egyptian market and gives the company genuine in-house execution capability rather than full dependence on external contractors.
According to a published report on its portfolio, El Nasr Housing and Development holds close to 34 projects at various stages between completed and under development, distributed across the Fifth Settlement, New Cairo, 6th of October, October Gardens and Mokattam, with feasibility studies underway for expansion into other governorates.
El Nasr Housing and Development Board of Directors
The company’s leadership structure has been renewed over the past two years as part of the Ministry of Public Business Sector’s plan to bring fresh expertise into the management of its affiliated companies. The current structure is as follows:
- Ashraf Abdullah Ahmed Abdel Rahman — Non-Executive Chairman of the Board. The official board formation under his chairmanship was announced in July 2025.
- Eng. Hatem Hussein — Chief Executive Officer and Managing Director, appointed in July 2026 after serving as the company’s Technical Managing Director.
- Eng. Ibrahim Ramadan — Held the position of Managing Director and Chief Executive Officer in the previous formation from July 2025.
- Representatives of the Holding Company for Construction and Development — Sit on the board as public-funds representatives, alongside members elected by the employees.
This structure reflects the company’s nature as a public business sector entity, separating a non-executive chairmanship from day-to-day executive management. For buyers, it translates into a clear institutional point of reference behind every contract.
El Nasr Housing and Development’s Development Philosophy
The company’s philosophy rests on integrated area development rather than unit sales alone. It does not enter a district as the developer of a single project, but as the entity responsible for servicing it, connecting its utilities and maintaining it over the long term. That approach is most visible in the Mokattam experience, which combined housing with utility networks, cliff-edge stabilisation, road works and landscaping.
Technical decisions rely on specialised studies prepared by the Faculty of Engineering at Ain Shams University and by dedicated consultancy offices, particularly on matters relating to soil conditions and securing the rocky edges of the Mokattam plateaus. In its current phase, the company is moving toward a partnership model with the private sector to maximise returns from its land bank, rather than developing every asset on its own.
El Nasr Housing and Development Vision
The company aims to rank among the five largest real estate developers in the Egyptian market, while keeping pace with the urban development Egypt is witnessing under the 2030 sustainable development strategy. This vision is stated on its official channels and is reflected in its current expansion plans both inside and outside the local market.
El Nasr Housing and Development Objectives
- Maximising returns from the company’s owned land bank through partnership contracts with private sector developers.
- Completing the development of Mokattam’s three plateaus and upgrading the utility networks and connecting roads between them.
- Expanding into coastal destinations, specifically the North Coast and Ain Sokhna, in parallel with developing its existing projects.
- Increasing its land holdings in 6th of October to build fully serviced residential communities.
- Opening regional expansion beyond the Egyptian market, with the company having announced a study for an integrated urban project in the Sultanate of Oman.
- Continuing to deliver utility and infrastructure projects for government entities as a revenue stream running parallel to its property activity.
El Nasr Housing and Development Strategic Partnerships
Since 2020 the company has signed a series of partnership contracts with the private sector, providing the land in exchange for a share of revenues while the partner handles execution and marketing. The most notable of these are:
- Scope International for Engineering and Architecture, part of the Saudi Al-Suwailem Holding Group — a partnership to develop the Mokattam Corniche project across approximately 1.7 million square metres, at an estimated cost of EGP 32 billion and projected revenues in the region of EGP 61 billion, delivering a mixed-use scheme combining residential, administrative, commercial and service components.
- Al-Hejaz Gardens for Real Estate Investment — a partnership launched in September 2019 to develop three land plots in the tenth district of the Al-Meraj area in Mokattam, with the aim of building three residential and commercial towers.
- The IMS Developments and Winvestor alliance — a partnership model in which the company contributes the land in exchange for a share of revenues, while the alliance handles execution, marketing, sales and part of the post-completion management.
- Faculty of Engineering, Ain Shams University, and specialised consultancy offices — a standing technical partner for studies related to edge stabilisation and urban development works in Mokattam.
For enquiries about new investment partnerships with El Nasr Housing and Development, you can get in touch through the El Nasr Housing and Development hotline +201118183030 for detailed information from the sales team.
El Nasr Housing and Development Track Record
| Project |
Location |
Type |
Area |
Status |
| Janaty Compound |
Fifth Settlement — South Investors Area |
Residential — Villas |
126,000 sqm |
Delivered |
| Sun Rise Compound |
Fifth Settlement — Plot 73 |
Residential |
— |
New phase under development |
| Calma Compound |
October Gardens |
Residential |
24 acres |
Under development |
| Al-Meraj Towers |
Mokattam — Tenth District |
Residential and commercial |
3,224.5 sqm |
Under development |
| Mokattam Corniche |
Mokattam — Upper and Middle Plateaus |
Mixed-use |
1.7 million sqm |
Under development |
| Mokattam Buildings and Subdivisions |
Mokattam — Three Plateaus |
Residential and commercial |
4,000+ units |
Delivered |
The table shows a portfolio that combines projects delivered years ago with large schemes still under development, anchored geographically in Mokattam and extending east toward the Fifth Settlement and west toward October Gardens.
El Nasr Housing and Development Projects on Our Website
El Nasr Housing and Development Projects in the Fifth Settlement
Janaty Compound is the company’s flagship project inside the Fifth Settlement, occupying Plot 63 in the South Investors Area across a total site of 126,000 square metres allocated to just 84 villas. That low build ratio gives the project the character of a genuinely low-density gated community rather than a high-yield residential scheme.
Construction began in June 2008 and the units have been handed over, which places Janaty among the ready-to-view, immediate-handover properties rather than off-plan launches. Villa prices start from EGP 30,000,000 and reach beyond EGP 90,000,000 for certain modified models, depending on plot size and finishing level.
Janaty sits within a residential belt that includes several compounds featured on Real Estate Capsule in the Fifth Settlement, among them Stone Park Compound, Katameya Gardens Compound and Eastshire Compound, which together allow a direct comparison between ready villas and instalment-based launches.
Buyers looking to widen the comparison within the same district can also review Hyde Park Terraces, 97 Hills and Aster Compound, all of which offer extended payment plans that differ from the ready-unit model.
El Nasr Housing and Development Projects in 6th of October and October Gardens
The company’s footprint in this area is represented by Calma Compound in October Gardens, built on Plot 17 across 24 acres. It comprises residential blocks totalling dozens of buildings alongside a full service zone that includes a commercial mall, a nursery, a mosque and a social club, with units ranging between apartments and duplexes in generous layouts suited to larger families.
The surrounding October Gardens area is seeing active development, visible in projects such as Calista Gardens, Solin Compound and Samaya Compound, alongside commercial and service destinations such as Ravina Square Mall and established communities like Villagio Compound, which serve the wider residential catchment.
For the latest prices and to book a site visit to any of El Nasr Housing and Development‘s projects, you can reach the El Nasr Housing and Development sales number +201118183030 to receive price quotations and instalment schedules.
Why Invest in El Nasr Housing and Development Projects
- State-backed institutional cover: The company’s affiliation with the Holding Company for Construction and Development and the Ministry of Public Business Sector means the contract is signed with a state-owned entity subject to financial and administrative oversight, a decisive factor for a segment of buyers.
- A large, wholly owned land bank: The company does not acquire its land through usufruct arrangements with other developers. It holds a substantial reserve of serviced land, which supports its ability to launch new phases without financing pressure feeding into sale prices.
- Ready units available for viewing: Unlike most new supply in the Fifth Settlement, Janaty’s units have already been handed over, eliminating delivery-delay risk and allowing buyers to assess build quality on site before purchase.
- Extended payment plans: Currently available projects offer instalment plans of up to 6 years with a down payment starting from 10% of the total unit value.
- In-house execution expertise: The company’s ability to deliver utility and infrastructure works itself reduces reliance on external contractors and supports steadier completion rates.
To get the latest information about El Nasr Housing and Development‘s projects, you can reach the dedicated sales team for enquiries about prices, booking site visits, and the details of the available payment plans.
El Nasr Housing and Development sales number: +201118183030
Available daily from 10 AM to 10 PM
El Nasr Housing and Development hotline: +201118183030
Available daily from 10 AM to 10 PM
The El Nasr Housing and Development sales team provides a free property consultation covering a quick assessment of the client’s needs and budget, a recommendation of the most suitable project from the company’s portfolio, on-site viewings of available units, and a walkthrough of every financing and payment option.
Why Choose El Nasr Housing and Development Projects?
El Nasr Housing and Development brings together an execution legacy spanning more than four decades of developing Mokattam, a state-owned institutional structure that gives buyers a clear point of reference, and a substantial land bank steadily converting into major partnership schemes with the private sector.
For the latest prices, available unit sizes and instalment schedules, you can reach the El Nasr Housing and Development sales number: +201118183030 for a full property consultation and an on-site viewing of the available units.
