Earth Development Real Estate officially entered Egypt’s real estate market on 3 February 2025, backed by more than 15 years of experience in Saudi Arabia’s construction sector. According to Invest-Gate, the company aims to redefine urban development through innovative and sustainable projects that respond to changing customer needs and set new market benchmarks.
Earth Development announced a total Egyptian investment plan of EGP 30 billion. Its first project is You Near in the New Administrative Capital, with investments of EGP 5 billion. The company is also planning a large-scale mixed-use project in Sheikh Zayed City, Giza, with total investments of EGP 25 billion. The source does not provide a legal founding year or a verified delivered-unit total, so the founding-year and delivered-units fields are not used.
Earth Development’s Entry into Egypt
Earth Development’s move into Egypt marks an expansion beyond its Saudi construction background. The company views Egypt as a market with strong long-term urban and investment potential, particularly in new cities and high-growth areas such as the New Administrative Capital and Sheikh Zayed.
The published details show that Earth Development is not entering Egypt only as a unit-sales developer. Its stated model relies on sustainable development, smart technologies, asset management, innovative design, and engineering supervision. This positions the company within a newer group of developers focused on operation, user experience, and long-term project value.
You Near New Administrative Capital
Earth Development’s first announced Egyptian project is You Near in the New Administrative Capital. The project is a mixed-use commercial and administrative development with investments of EGP 5 billion and a total area of 6,500 square metres. According to Invest-Gate, You Near introduces co-working spaces in a format new to the Egyptian market, targeting companies, entrepreneurs, and users looking for flexible work environments.
The choice of the New Administrative Capital reflects the company’s plan to support Egypt’s urban expansion and contribute to a smart, sustainable city. The project also signals a business-oriented market entry through a commercial and administrative product rather than a conventional residential launch.
The Planned Sheikh Zayed Project
Alongside You Near, Earth Development is planning a major mixed-use project in Sheikh Zayed City, Giza, with investments of EGP 25 billion. The article does not disclose a final commercial name or detailed area figures for the project, but it identifies the development as a central part of Earth Development’s strong Egyptian market entry.
The company targets EGP 5 billion in sales during 2025. This target reflects the scale of Earth Development’s first-year ambitions in Egypt and links the launch of You Near with its wider expansion pipeline in Sheikh Zayed.
Earth Development Strategy
Earth Development works with global experts in asset management, innovative design, and engineering supervision. The company also integrates smart technologies and sustainable infrastructure into its projects to maintain high standards of quality and efficiency.
- Commercial and administrative development: Starting with You Near in the New Administrative Capital.
- Mixed-use development: Through a planned Sheikh Zayed project with EGP 25 billion in investments.
- Sustainability and smart technology: By embedding smart systems and sustainable infrastructure in its projects.
- Digital marketing and analytics: Using consumer behaviour analysis, digital marketing, and social media strategies.
Founder Ahmed El Zoka
Ahmed El Zoka, founder of Earth Development, said the launch of You Near marks a new chapter in the company’s journey. He also emphasized the company’s belief in the potential of the Egyptian market and its commitment to delivering innovative projects aligned with Egypt’s urban development goals.
He added that Earth Development’s Saudi experience and global partnerships support its confidence in Egypt. The company plans to build projects to high standards of sustainability and efficiency while using the latest construction and real estate management technologies. El Zoka also described real estate as a safe and profitable long-term investment.
Earth Development in Numbers
| Egypt market entry announced | 3 February 2025 |
| Previous experience | More than 15 years in Saudi Arabia’s construction sector |
| Total announced investments in Egypt | EGP 30 billion |
| First Egyptian project | You Near in the New Administrative Capital |
| You Near investments | EGP 5 billion |
| You Near area | 6,500 square metres |
| Planned Sheikh Zayed project | Mixed-use project with EGP 25 billion in investments |
| 2025 sales target | EGP 5 billion |
| Founder | Ahmed El Zoka |
Earth Development FAQ
What is Earth Development?
Earth Development is a real estate developer that entered Egypt in February 2025 after more than 15 years of experience in Saudi Arabia’s construction sector.
What is Earth Development’s first project in Egypt?
The first announced project is You Near in the New Administrative Capital, a mixed-use commercial and administrative development with EGP 5 billion in investments.
How much is Earth Development investing in Egypt?
The company announced total investments of EGP 30 billion in Egypt.
Who founded Earth Development?
The company’s founder is Ahmed El Zoka, according to statements published by Invest-Gate.
How many units has Earth Development delivered?
The source does not provide a verified delivered-unit total, so no delivered-unit number is used in the developer data.