Al Wefaq Real Estate Developments, known in Arabic as شركة الوفاق للتطوير العقاري, is an Egyptian developer and one of Al-Shabrawy Group companies. The company traces its roots to 1969, when it was founded by Abdo Al-Shabrawy, and later moved from building-material imports and contracting into real estate development more than 25 years ago.
According to the official Al Wefaq website, the company has delivered around 1,400 residential units and 715 administrative and commercial units, in addition to villas, chalets, and hotel units in tourism projects. Its recent portfolio includes VER CAPITAL and VER PLAZA in the New Administrative Capital, while its completed track record covers Shubra, Heliopolis, 6th of October, and the North Coast.
Al Wefaq Background And Establishment
Al Wefaq is part of Al-Shabrawy Group, a group that started in importing construction materials before expanding into contracting and real estate development. The official Arabic profile states that the company’s foundation goes back to 1969, while its specialized real estate development activity extends over more than 25 years in the Egyptian market.
This background gives Al Wefaq a practical development profile. The company’s experience is not limited to sales or land acquisition; it also connects to construction materials, contracting, supervision, finishing, and after-sales service. That explains why its official communication emphasizes trust, transparency, and a long-term relationship with buyers, which are especially relevant for mixed-use buildings that require ongoing management after handover.
Key Projects By Al Wefaq Developments
Al Wefaq’s portfolio combines delivered older projects with newer investment projects in the New Administrative Capital. Its most notable projects include:
- VER CAPITAL in the Downtown district of the New Administrative Capital, an administrative, commercial, and medical mall spread across 10 floors with a 40-meter height, near the Gold Market, Misr Mosque, the government district, and the monorail.
- VER PLAZA in the New Capital Downtown, a 48-meter mixed-use building with commercial, administrative, and medical units close to the government district and Central Park.
- 6th of October mixed-use project next to Al-Hosary Mosque and 6th of October University, built on 7,792 square meters with 6 buildings, 109 residential units, 86 administrative units, and 158 commercial shops.
- Residential city in Shubra, a 18,000-square-meter project with 18 buildings, 801 residential units, 178 administrative offices, and 135 commercial shops, fully delivered in 2008.
- Ocean Blue on the North Coast, a 30,000-square-meter tourism project including chalets, villas, and fully finished hotel units.
Al Wefaq In Numbers
| Founding year | 1969 |
| Real estate experience | More than 25 years in real estate development |
| Announced residential units | Around 1,400 residential units |
| Announced administrative and commercial units | Around 715 administrative and commercial units |
| Verified unit total used in ACF | At least 2,115 residential, administrative, and commercial units |
| Main operating areas | Shubra, Heliopolis, 6th of October, North Coast, New Administrative Capital |
| Office address | 97 Omar Ibn Al Khattab Street, Heliopolis, Cairo |
The official track record gives useful context for evaluating Al Wefaq. In Shubra, the company delivered a full residential city in 2008, while the 6th of October project combines residential, administrative, and commercial components in a location near Al-Hosary Mosque and 6th of October University. The portfolio also includes tourism units on the North Coast and recent commercial projects in the New Capital.
Vision And Development Focus
Al Wefaq links its brand name to agreement, trust, and transparency with clients. Its official profile states that customer satisfaction is a central principle behind its transactions, from using construction materials it imports itself to supervision of construction and finishing works, then after-sales service.
The company’s development focus covers residential projects, mixed-use buildings, commercial and administrative malls, and medical units. Its New Capital projects show a shift toward investment-led assets in Downtown, while its older delivered projects demonstrate experience in residential and mixed-use execution. This combination is useful for buyers comparing a developer’s launch pipeline with its actual delivery history.
Recent Projects And Market Position
As of July 2026, Al Wefaq’s official website lists two active New Administrative Capital projects: VER CAPITAL and VER PLAZA. Both projects focus on administrative, commercial, and medical uses in Downtown, benefiting from proximity to the government district, Misr Mosque, the Gold Market, the monorail, and key movement axes.
This direction reflects the company’s move from earlier residential and mixed-use delivery in areas such as Shubra and 6th of October into modern investment products in the New Capital. At the same time, the company’s delivered track record remains an important part of the profile because it shows completed units and specific project components rather than relying only on sales launches.
FAQ About Al Wefaq Real Estate Developments
When was Al Wefaq Real Estate Developments founded?
Al Wefaq traces its roots to 1969 as part of Al-Shabrawy Group, founded by Abdo Al-Shabrawy.
How many units has Al Wefaq delivered?
According to the company’s official data, Al Wefaq has delivered around 1,400 residential units and 715 administrative and commercial units, for a verified total of at least 2,115 units.
What are Al Wefaq’s key projects?
Key projects include VER CAPITAL, VER PLAZA, the 6th of October mixed-use project, the Shubra residential city, and Ocean Blue on the North Coast.
Where is Al Wefaq located?
The official contact page lists the address as 97 Omar Ibn Al Khattab Street, Heliopolis, Cairo, Egypt.
Is Al Wefaq listed on the Egyptian Exchange?
No verified official source indicates that Al Wefaq Real Estate Developments is listed on the Egyptian Exchange, so it is treated as a private developer.
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