Magna Developments is an Egyptian real estate developer and construction-linked company with roots dating back to 1998. Public market sources describe the company as the result of a merger or alliance between several specialized firms, including Brand Build, SMS, FME, and YBA. Today, Magna is best known to property buyers for commercial, administrative, and mixed-use projects in Egypt’s New Administrative Capital, alongside earlier activity in infrastructure, buildings, and urban works.
The company’s visible project portfolio includes M Plus New Capital and Cubes Business Complex. Market sources also report more than 3,000 delivered units, so the figure is treated here as a public market figure rather than a detailed audited disclosure from the company.
Company Background
Magna Developments was founded in 1998, according to multiple Egyptian real estate sources. The company is commonly presented as a merger of several firms with complementary experience in construction, design, contracting, and project execution. This background helps explain why Magna is often associated not only with property development, but also with infrastructure and building works.
Several broker and project pages name Faisal Khalil as chairman and Hassan Zaidan as managing director. Public descriptions also connect Magna with infrastructure and road works in the El Robiki industrial area, as well as activity in El Shorouk, Badr City, Fifth Settlement, Heliopolis, New Nozha, and other Greater Cairo locations.
Magna Developments Projects
Magna’s public profile has grown through its New Administrative Capital projects, where demand is driven by commercial frontage, office activity, access roads, and proximity to future business and government districts.
M Plus New Capital
M Plus is one of Magna’s most recent and visible projects in the New Administrative Capital. Project pages describe it as a commercial and administrative building on South Bin Zayed Axis, close to the Green River and business destinations. The project is reported to cover around 5,200 square meters, with a frontage of about 124 meters, and a structure that includes a ground floor plus nine repeated floors.
Cubes Business Complex
Cubes Business Complex, also referred to in some market pages as Cubes Tower New Capital, is another project associated with Magna in Downtown New Capital. It is described as a mixed-use development in the MU-72 area, with commercial, administrative, and medical uses, and a location near the Grand Mosque of Egypt and the Gold Market.
Other Cairo and Infrastructure Activity
Beyond its New Capital projects, Magna is linked in real estate sources to works in El Shorouk, Badr City, Hadaeq El Qubba, Fifth Settlement, Heliopolis, New Nozha, and El Robiki. These references support the view that Magna’s background is broader than a single project launch.
Execution Track Record
From 1998 to 2026, Magna has more than 25 years of market history. That history should not be confused with a fully published delivery report, but it does show a long-running operating background in Egypt’s property and construction ecosystem. The company appears to have moved from infrastructure and building works into branded real estate development projects targeted at investors and business owners.
This distinction matters for buyers. Magna’s profile combines execution experience, infrastructure references, and current investment projects. For a commercial or administrative buyer, that combination can be relevant when assessing project credibility, but it should still be checked against the specific project’s licenses, land status, construction progress, and delivery schedule.
Key Figures
| Founded | 1998 |
| Experience by 2026 | More than 25 years |
| Published delivered-units figure | More than 3,000 units according to public property sources |
| Key areas | New Administrative Capital, El Shorouk, Badr City, Fifth Settlement, Heliopolis, New Nozha, El Robiki |
| Known projects | M Plus New Capital, Cubes Business Complex |
| Activity type | Commercial and administrative development, mixed-use projects, buildings, infrastructure |
The delivered-units figure is included as a market-published number. Buyers should verify unit delivery, construction progress, and handover terms for the specific project they are considering.
Vision and Specialties
Magna Developments’ recent positioning focuses on practical business spaces, investment visibility, and mixed-use layouts. This is visible in M Plus, where the project is promoted around commercial and administrative activity, frontage, access, and a clear split between retail floors and office floors.
- Commercial and administrative projects: including M Plus and Cubes in the New Administrative Capital.
- Infrastructure and road works: including references to El Robiki industrial area.
- Mixed-use buildings: combining retail, offices, and medical or service uses in selected projects.
- Investment-oriented locations: with a strong focus on main roads and future business zones.
Recent Updates
In 2025, Magna Developments gained additional market visibility through M Plus New Capital. Several project pages and media/social posts covered the launch or promotion of the project as a commercial and administrative destination in the New Administrative Capital. Public project details highlight its South Bin Zayed Axis location, approximately 5,200-square-meter land area, and extended installment plans for investors and business owners.
The project is also described as a building with commercial floors and upper office floors, using a modern architectural identity and a prominent frontage. For current market searches, M Plus appears to be Magna’s most visible active project.
Is Magna Developments a Good Fit for Investors?
Magna Developments may suit buyers looking for a developer with an older construction background and current commercial or administrative projects in the New Administrative Capital. Projects such as M Plus and Cubes are particularly relevant for investors focused on offices, retail units, and mixed-use assets.
However, the decision should not rely on the developer name alone. Buyers should review the project’s land documents, permits, construction percentage, handover terms, maintenance arrangements, and future facility management plan. The company’s long operating background is a positive context point, while public unit-delivery figures should be treated as market references unless confirmed by direct company documentation.
Magna Developments FAQ
When was Magna Developments founded?
Magna Developments was founded in 1998, according to multiple Egyptian real estate market sources.
What are Magna Developments’ main projects?
The company is mainly associated with M Plus New Capital and Cubes Business Complex in Egypt’s New Administrative Capital.
How many units has Magna delivered?
Public real estate sources report more than 3,000 delivered units. The number should be treated as a market-published figure unless confirmed by a direct company report.
Who leads Magna Developments?
Several property pages name Faisal Khalil as chairman and Hassan Zaidan as managing director.
Where does Magna Developments operate?
Magna is connected with the New Administrative Capital, El Shorouk, Badr City, Fifth Settlement, Heliopolis, New Nozha, and El Robiki industrial area.