Akam Developments, searched in Arabic as شركة أكام العقارية or شركة أكام للتطوير العقاري, is an Egyptian real estate developer founded in 2018 according to the company’s official website. The company is known in Egypt’s property market for residential projects in the New Administrative Capital, especially Scenario New Capital and Scene 7 New Capital, and later for its Saudi-Egyptian joint venture, Akam AlRajhi Developments, which launched D.O.S.E North Coast.
Akam was formed as a platform combining Egyptian and Saudi experience in development, construction, and consultancy. The official website names Residence, Benayat, and Al Muhaid Holding as key components behind the company, then states that Akam Developments later partnered with Saudi Arabia’s Al Rajhi Group to establish Akam AlRajhi Developments. For that reason, this profile separates Akam Developments as the original 2018 developer from Akam AlRajhi as a later joint venture launched in 2022.
On DeedGate, there is already a published developer profile for Akam AlRajhi, as well as project pages for Scene 7 New Capital and D.O.S.E North Coast. This profile focuses on Akam Developments itself and explains how its projects and partnerships fit together.
History of Akam Developments
According to the official Akam Developments website, the company was established in 2018 when several experienced entities came together in the Egyptian real estate market. The site describes Residence, owned by Essam Mansour, as a company with more than 20 years of experience in Egyptian real estate investment. It also states that Benayat traces its roots back to 1986 under the name Dar Al Benaa Al Araby, while Saudi-based Al Muhaid Holding brings consulting and contracting experience.
The official website also lists senior figures associated with the company, including Essam Mansour, Edrees Mohamed, Engineer Saad Al-Ghaithi, and Engineer Hesham Kandil. Market sources connect Akam’s early profile with residential projects in the New Administrative Capital, followed by expansion into the North Coast through the Akam AlRajhi partnership.
This makes Akam different from a developer built around a single prior company. It is more accurately described as a brand created from a group of development, construction, and consultancy backgrounds. DeedGate therefore saves 2018 as the structured founding year for Akam Developments, while treating earlier experience numbers as background for the founders and partner entities.
Akam Developments Projects
Akam Developments is linked with several projects in Egypt, mainly in the New Administrative Capital and the North Coast. The relationship varies by project: some are directly associated with Akam Developments, while D.O.S.E belongs to Akam AlRajhi Developments, the joint venture between Akam and Saudi Arabia’s Al Rajhi Group.
Scenario New Capital
Scenario New Capital is one of the key projects presented by Akam Developments. The official website describes it as a residential project in R7 in the New Administrative Capital, with unit areas starting from 136 square meters and long-term payment plans. It is also widely listed by specialized property platforms as one of Akam’s early residential projects in the capital.
Scene 7 New Capital
Scene 7 New Capital is another major Akam project. The official site presents it as Egypt’s first sports residential compound, located in R7 and including 11 sports clubs. It also states that the project covers 40 feddans, with buildings occupying no more than 19% of the total land area and units starting from 116 square meters.
Enava Mall New Capital
Flat & Villa lists Enava Mall New Capital among Akam’s projects in R7, with commercial, administrative, and medical units. Because the full details are clearer in property-platform coverage than on the main official page, Enava should be treated as a market-listed project whose current prices, unit areas, and delivery details need direct confirmation before reservation.
D.O.S.E North Coast
D.O.S.E North Coast is linked to Akam AlRajhi Developments. The official Akam website says that D.O.S.E is located on the North Coast along the Dabaa road, while Nawy describes Akam AlRajhi as a company that started in Egypt in 2022 as a joint venture between Akam Developments and Al Rajhi Saudi Group. Nawy also lists D.O.S.E in Al Dabaa as the main project of that joint brand.
Partnerships and Management Structure
The most important element in Akam’s background is its partnership-based formation. The official website identifies Residence, Benayat, and Saudi-based Al Muhaid Holding as major contributors to the company’s setup. Some market sources also mention Faisal Islamic Bank in connection with the wider group structure, but that point is worded differently across sources and should be treated carefully unless verified directly from company documentation.
On June 14, 2022, Invest-Gate reported that Akam Developments and Al Rajhi Saudi Group launched Akam AlRajhi Developments. This confirms that Akam AlRajhi is not simply a marketing label but a later partnership related to Akam’s expansion. It also explains why some market pages mix Akam and Akam AlRajhi projects under one wider umbrella.
On June 6, 2023, Invest-Gate also reported that Akam AlRajhi signed a memorandum of understanding with IHG Hotels & Resorts to operate a Voco hotel at the D.O.S.E project on the North Coast. This supports the project’s hospitality-oriented positioning.
Akam Developments Facts and Figures
| Founding year | 2018 |
| Arabic name | شركة أكام العقارية / شركة أكام للتطوير العقاري |
| English name | Akam Developments |
| Main activity | Residential, coastal, and mixed-use real estate development |
| Main areas | New Administrative Capital; North Coast through Akam AlRajhi |
| Notable projects | Scenario, Scene 7, Enava, D.O.S.E |
| Delivered units | No verified public total is available |
Nawy states that Akam developed more than three projects with more than 3,500 units, but this figure is not presented as a verified delivered-units total. For that reason, DeedGate has not saved it in the delivered-units field.
Development Approach
Akam presents its approach around creating residential communities with attention to daily-life details, services, entertainment facilities, and open spaces. This appears in Scene 7’s sports-compound positioning, Scenario’s residential offering in R7, and D.O.S.E’s coastal leisure and hospitality direction through Akam AlRajhi.
For buyers, the developer’s identity is only one part of project evaluation. It is also important to review land ownership, licenses, construction progress, handover schedule, finishing specifications, maintenance fees, and the project management company. This is especially important in coastal or hotel-serviced projects, where operations after delivery can affect the unit’s long-term value.
Frequently Asked Questions about Akam Developments
When was Akam Developments founded?
Akam Developments was founded in 2018, according to the company’s official website.
What is the difference between Akam and Akam AlRajhi?
Akam Developments is the original developer founded in 2018. Akam AlRajhi Developments is a later joint venture between Akam Developments and Saudi Arabia’s Al Rajhi Group, launched in 2022.
What are Akam’s main projects?
Akam’s visible projects include Scenario New Capital, Scene 7 New Capital, Enava Mall New Capital, and D.O.S.E North Coast through Akam AlRajhi.
How many units has Akam delivered?
No verified public total is available for delivered units, so the structured DeedGate field has been left blank.