EG Towers Real Estate Development Company is an Egyptian developer focused on commercial, hospitality, and shared-ownership property models. Its publicly documented project activity began with EINS in the New Administrative Capital in 2021, followed by EINS OST and EINS Park, alongside an announced educational development in New Fayoum. Businessman Bassem Abdallah El Feky chairs the company.
Available sources do not state a precise legal incorporation year. Accordingly, 2021 is treated here as the earliest verified date for the launch of the company’s current project portfolio, not as a confirmed founding year. No verified public total is available for delivered units either. This distinction avoids confusing the age of the legal entity with the experience of its management team or operating partners.
EG Towers’ Market Development
EG Towers became publicly visible in Egypt’s property market in 2021 through the launch of EINS in Downtown New Administrative Capital. The company presented the scheme as the first in a series of towers with a hospitality component, combining retail space, a business centre, and serviced or hotel accommodation supported by specialist German management.
From late 2021, the developer also promoted a shared-property model under which several investors hold documented interests in commercial or hospitality space that is operated through a brand or management company. In 2023, EG Towers announced that it would extend the concept to education through a project in New Fayoum.
- 2021: EINS was launched and its sales phases began in the New Capital.
- 2022: Company statements reported full sales of the hospitality inventory and 90% sales of commercial inventory at EINS.
- 2023: EG Towers announced EINS OST and an education-focused shared-ownership project in New Fayoum.
- 2025: The company reported completion of the EINS concrete structure and the start of excavation at EINS OST.
Major EG Towers Projects
Commercial and Hospitality Projects
- EINS Tower — New Administrative Capital: a commercial and hospitality development in the MU2 area of Downtown. Launch information placed the project on approximately 2,500 square metres of land. Statements published in May 2025 described four basement levels and seven levels above ground and reported that the concrete structure was complete.
- EINS OST — New Administrative Capital: an extension of the developer’s hospitality and commercial portfolio, with entertainment space and brand-operated retail concepts. The project had entered excavation by May 2025 according to company statements.
- EINS Park — New Administrative Capital: the third main building named in the company’s 2025 portfolio alongside EINS and EINS OST, following the same commercial, hospitality, and operations-led direction.
Educational Development
- New Fayoum educational project — New Fayoum: an education-focused project announced in 2023 across 15.6 feddans, or approximately 65,000 square metres, with announced investment of EGP 6 billion at the time.
The disclosed portfolio is concentrated in the New Administrative Capital, with a sector-based expansion into education in New Fayoum. Sufficient recent information is not available to confirm the educational project’s current construction status.
EG Towers in Numbers
| Earliest verified portfolio activity | 2021 |
| Main New Capital buildings announced | 3: EINS, EINS OST, and EINS Park |
| EINS land area | Approximately 2,500 square metres |
| EINS configuration reported in 2025 | 4 basement levels and 7 levels above ground |
| Educational project | 15.6 feddans and EGP 6 billion announced investment |
| Portfolio investment announced | More than EGP 10 billion in May 2025 statements |
| Contracted brands | 25 brands according to May 2025 statements |
| Total delivered units | No verified public total is available |
| Company founding year | Not precisely disclosed in the available sources |
These figures reflect announcements and statements made on specific dates. They are not an independent valuation and do not constitute a projection of future investment returns.
Leadership and Operating Partners
Bassem Abdallah El Feky serves as chairman of EG Towers and appeared in 2025 coverage monitoring construction and discussing the portfolio’s growth. Karim Abu Hatab was identified as chief executive officer and vice chairman in coverage published during 2023 and 2024, where he explained the shared-property model and the company’s plans in the New Administrative Capital.
EG Towers has worked with Europe Hotel Management on the management and operation of the hospitality component of the EINS developments. Project-launch coverage also named Engineer Mohamed Safwat and Kayan as engineering consultants and referred to operating agreements with restaurant and cafe brands. This approach combines development and sales with a stated operating plan instead of limiting the business model to the sale of property space.
Specialisms and the Shared-Ownership Model
EG Towers specialises in commercial and hospitality property intended to produce operating income. Under its shared-property model, ownership of a large space is divided into documented interests or square-metre shares held by multiple investors. The interests are then assembled into the space required by a commercial brand or hospitality operator.
- Commercial development: creating space for restaurants, cafes, and other brands within mixed-activity projects.
- Hospitality development: offering suites and hotel accommodation linked to specialist operations management.
- Shared property interests: allowing participation in larger operating spaces without purchasing an entire unit.
- Educational development: announcing the application of the shared model to an education project in New Fayoum.
Investors considering this structure should examine the title contract, revenue and expense allocation, management responsibilities, and resale terms. Press coverage describes the company’s model but does not replace independent legal and financial due diligence.
Latest EG Towers Project Updates
In May 2025, EG Towers reported that the EINS concrete structure in MU2 had reached 100%, with finishing works planned to begin by the end of that year. EINS OST had entered the excavation stage, with four basement levels included in the stated execution target.
The chairman also stated that the company’s portfolio had grown to three main buildings and that announced investment had risen from EGP 1 billion to more than EGP 10 billion. These details are tied to the date of publication. Buyers should request a direct update from the developer regarding construction and actual handover progress after 2025.
Frequently Asked Questions About EG Towers
When was EG Towers established?
Available sources do not publish a precise legal founding year. The earliest verified activity for the current portfolio dates to 2021 with the launch of EINS, but this is not presented as a confirmed incorporation date.
Who is the chairman of EG Towers?
Businessman Bassem Abdallah El Feky is the company’s chairman according to statements published in 2025.
What are EG Towers’ main projects?
The disclosed portfolio includes EINS Tower, EINS OST, and EINS Park in the New Administrative Capital, in addition to an announced educational project in New Fayoum.
How many units has EG Towers delivered?
No verified company-wide total is publicly available for delivered units. Announced sales and construction percentages vary by project and do not represent an aggregate handover figure.
What does shared property investment mean at EG Towers?
It is a structure in which several investors hold interests in commercial or hospitality space that is operated collectively, with returns distributed according to the relevant ownership and operating contracts.