SAM Developments, the real estate arm of the well-established SAMCO Group, has unveiled an ambitious expansion strategy aimed at strengthening its position in Egypt’s rapidly growing real estate market
The company is targeting EGP 4 billion in contractual sales for its flagship mixed-use project, “SAM Wave,” located in the New Administrative Capital, while planning to deliver a broader investment portfolio exceeding EGP 8.5 billion across multiple high-potential locations
Dr. Eng. Abdel Rahman Abdel Gayed, Chairman of SAM Developments, stated that the company builds on more than 33 years of expertise inherited from SAMCO Group, founded in 1993. He noted that the company’s expansion into real estate development aligns with Egypt’s ongoing urban transformation and infrastructure boom
He highlighted the Group’s strong execution track record, which includes over 1 million sqm of fully finished buildings and 20 million sqm of infrastructure projects, delivered for major national entities
Abdel Gayed added that the company’s board includes leading engineering figures such as Eng. Sayed Farouk and Eng. Mostafa Nada, ensuring strict adherence to construction quality standards and delivery timelines. He also underscored the Group’s role in national development through projects including 150 schools, 50 post offices, and 17 healthcare facilities, in addition to key infrastructure works in the New Capital
For his part, Ahmed Sabry, Chief Commercial Officer at SAM Developments, revealed that the company’s current investment strategy focuses on West Cairo and New Cairo, highlighting the “FUSION” project on the 26th of July Corridor — a fully integrated commercial, administrative, and medical hub with investments of EGP 750 million
He further detailed that “SAM Wave” spans 7,400 sqm in the MU23 district, with only 30% building footprint to enhance sustainability and green space efficiency. The project includes a ground floor plus nine levels, offering a diversified mix of retail, office, and medical units
Sabry confirmed that the company plans to inject EGP 1 billion in 2026 to accelerate construction progress, leveraging its in-house capabilities, including advanced equipment and skilled technical teams, to ensure early project delivery
He emphasized that SAM Developments adopts green architecture principles, integrating solar energy solutions and smart building technologies, in partnership with leading firms such as Arcreete Engineering Consultants, headed by Eng. Mohamed Tammam. The company also introduces innovative features such as on-site childcare facilities within commercial projects to support modern work environments
Sabry added that the company’s strong sales performance is driven by SAMCO’s legacy, which includes the development of over 100 residential towers across prime Cairo locations, and a diversified client base featuring major financial institutions such as the National Bank of Egypt and Banque Misr
Looking ahead, SAM Developments is preparing to launch a major new project in New Cairo’s Fifth Settlement, as part of a growing land portfolio that currently includes four strategic plots
He concluded by affirming that Egypt’s real estate sector remains a safe haven for investment, supported by strong demand fundamentals and a large-scale urban expansion, positioning it as one of the most promising markets in the region