Mada Developments is one of the rising real estate players in the Egyptian market, entering the sector backed by a Gulf legacy of more than 20 years as the Egyptian arm of Kuwait’s Ahmed Al-Maarefi Foundation, under the leadership of businessman Shaker El Naggar.
The company stands out as the developer behind the first Egyptian-Kuwaiti real estate venture on the North Coast, formed through its alliance with Siva, and is currently focused on developing one large project in the Sidi Abdel Rahman area. Operating as both landowner and master developer of its projects, Mada Developments concentrates on low-density coastal resorts with prices starting from EGP 2,600,000.
Known by its full name, Mada for Investment & Development, the company is an Egyptian real estate firm specialised in creating high-value residential and tourism projects, operating as the main partner in Egypt for one of the companies under Kuwait’s Ahmed Al-Maarefi Foundation.
The parent foundation was established in 1987 and has been active for decades across general trade, contracting and engineering design, giving its real estate arm a solid financial and engineering base upon entering the Egyptian market.
The company’s property portfolio in Egypt is currently concentrated in the North Coast, specifically in one of its most prestigious coastal locations.
Its flagship project in Egypt is Avida Sidi Abdel Rahman, developed in cooperation with Siva Urban Development as the company’s debut in the Egyptian market. Mada Developments also adopts a combined landowner-and-developer model, holding land reserves in distinctive coastal locations and handling their master planning, which gives it greater flexibility in design, execution and pricing without relying entirely on external parties.
The company’s entry into Egypt is a natural extension of the parent group’s journey in Kuwait, which has built its expertise over more than two decades, choosing to make its first presence in Egypt through the gateway of coastal resorts rather than conventional in-city residential projects.
This step gains added significance as the first development alliance combining Kuwaiti capital with local Egyptian expertise on the North Coast, placing the company in a different position from incoming developers that operate without a local partner.
Mada Developments draws its identity from blending Gulf expertise spanning more than 20 years with a deep understanding of the Egyptian buyer’s preferences provided by its local partner.
From this standpoint, the company focuses on developing fully serviced coastal resorts that combine privacy, low density and execution quality, away from the pattern of crowded projects, offering a real estate product aimed at those seeking upscale summer living and long-term investment at the same time.
On the Egyptian side, Mada Developments is led by businessman Shaker El Naggar, who chairs the company and directs its strategy in the Egyptian market.
The company originally belongs to the umbrella of the Kuwaiti Ahmed Al-Maarefi Foundation, which holds extensive experience in trade, contracting and development, giving the entity clear financial and managerial depth that supports its ability to inject investment into its projects.
This structure is completed through the partnership with Siva Urban Development, led by Ahmed El Haddad, as this alliance combines Mada’s financial and planning capacity with Siva’s managerial experience in developing projects and understanding the local market, with both parties working together to manage and develop the company’s flagship coastal project and ensure it is delivered to the agreed standards.
Mada Developments‘ philosophy is built on the concept of low-density development, with the company keen to ensure that each building holds a limited number of units alongside private swimming pools, guaranteeing the highest levels of privacy and open views.
The company also follows an approach of selecting distinctive coastal locations first, then building an architectural design in harmony with the nature of the place with the help of specialised engineering consultants, while dedicating a large share of the space to green and water features rather than densifying the buildings.
The company pays particular attention to sustainability and innovation in the infrastructure and services of its projects, alongside its commitment to delivering fully finished units supported by hospitality management and after-sales services, offering an integrated residential and tourism experience that extends beyond the boundaries of the property unit itself and makes the project ready for use or rental immediately upon delivery.
The company’s vision centres on establishing the low-density coastal resort model as a more private and higher-quality alternative to traditional, crowded projects, while offering units that all enjoy a direct view of the sea or the swimming pools. The company also seeks to turn the Egyptian-Kuwaiti partnership it has launched into a sustainable platform for developing more distinctive projects in Egypt’s promising coastal locations over the coming years.
Mada Developments works towards a set of specific strategic goals, the most notable of which are:
In its presence in the Egyptian market, Mada Developments relies on a network of partnerships that strengthen its financial and execution capabilities, most notably:
To enquire about partnership and cooperation opportunities with Mada Developments, you can reach the Mada Developments hotline at +201118183030 for detailed information from the sales team.
| Project | Location | Type | Key Specs | Status |
|---|---|---|---|---|
| Avida Sidi Abdel Rahman | North Coast – Sidi Abdel Rahman, Km 123 | Coastal / Resort | Beachfront of 700 metres and depth of 500 metres | Under development |
| Parent group portfolio | Kuwait | Commercial / Development | Experience exceeding 20 years | Delivered |
This record reflects the transformation of the parent group’s accumulated Gulf expertise into the first fully shaped Egyptian project on the coast, marking the company’s entry into the Egyptian market through the gateway of low-density coastal resorts in one of the most prestigious areas of Sidi Abdel Rahman.
This focus on a single large project rather than spreading its efforts also reflects the company’s intent to root its presence deeply in one coastal area before expanding later.
Avida Sidi Abdel Rahman represents the cornerstone of Mada Developments‘ portfolio in Egypt, located at the heart of the Sidi Abdel Rahman area at Km 123 on the Alexandria–Marsa Matrouh coastal road, about two and a half hours from Cairo. The project is also distinguished by its proximity to the new Fouka Road, the International Coastal Road and the New El Alamein area, giving it high accessibility throughout the year and not only during the summer season.
The project sits on a beachfront of 700 metres and a depth of 500 metres, with wide spaces dedicated to green and water features and a low-density design that gives each building its own swimming pool.
The project offers a variety of units including studios, chalets and duplexes to suit residential, tourism and investment purposes, with 100% of the units enjoying a view of the sea or the swimming pools.
Unit prices within the project start from EGP 2,600,000 with a payment system starting at a 10% down payment and instalments of up to 7 years, alongside a package of integrated services including the aqua park, club house, restaurants, cafés, hospitality facilities and after-sales services.
Units are delivered fully finished, making them ready for living or seasonal rental immediately after handover.
To enquire about the latest unit prices of Mada Developments and to book a viewing of any of its projects, you can contact the Mada Developments sales number at +201118183030 for price offers and instalment schedules.
Mada Developments‘ projects offer a number of features that enhance their investment value and make them a well-considered choice for those seeking a coastal property with a stable return, most notably:
To obtain the latest information about Mada Developments‘ projects, you can contact the specialised sales team to enquire about prices, book viewings and learn the details of the available payment systems.
Mada Developments sales number: +201118183030
Available daily from 10 AM to 10 PM
Mada Developments hotline: +201118183030
Available daily from 10 AM to 10 PM
The company’s sales team provides a real estate consultation that includes a quick analysis of the client’s needs and budget, recommending the most suitable unit from the project’s portfolio, alongside arranging field viewings of the available units and presenting the different financing and payment options.
Mada Developments combines a Gulf legacy of more than 20 years of experience, a promising Egyptian-Kuwaiti partnership that is the first of its kind on the North Coast, and a distinctive investment location at the heart of Sidi Abdel Rahman.
To enquire about the latest prices, available spaces and instalment schedules, you can contact the Mada Developments sales number at +201118183030 for a comprehensive real estate consultation and an on-site unit viewing.
You can contact Mada Developments’ sales team at +20 111 818 3030 for the latest prices, payment plans, project details, and site visit bookings.
