Master Builders Group, operating in the Egyptian market as MBG Developments, is a real estate developer founded in 2017. Its head office is at 107 Thawra Street, Heliopolis, Cairo. The company develops residential, commercial, administrative, medical, and coastal projects in the New Administrative Capital and Ras El Bar. Its official website reports a portfolio of more than 21,000 units; this is a total portfolio figure, not a verified total of units already delivered.
MBG Developments is chaired by Dr. Mahmoud El-Adl, while Dr. Amr El-Adl serves as CEO and Vice President. Its best-known projects include Pukka, Diplo East, Doray Bay, RiverGreen, and White 14, giving the company exposure to integrated housing, coastal communities, medical facilities, and commercial and administrative buildings.
History and Establishment of Master Builders Group
MBG Developments was formally established in 2017 to create residential, commercial, and mixed-use developments in Egypt. The company states that its wider real estate experience extends for more than 30 years, but 2017 remains the documented founding year of the current MBG Developments entity on its official company-history page.
The portfolio initially concentrated on the New Administrative Capital and later expanded to Ras El Bar in Damietta Governorate. The professional medical background of the group’s leadership also informed the development of RiverGreen and other healthcare-focused buildings. MBG lists earlier experience spanning more than 160 residential towers, over 30 medical towers, and more than 10 commercial towers, alongside its current branded developments.
Dr. Mahmoud El-Adl is Chairman, and Dr. Amr El-Adl is CEO and Vice President. In May 2025, MBG announced a strategic engagement with PricewaterhouseCoopers (PwC) intended to support institutional planning, innovation, sustainability, and the company’s next stage of growth.
Key MBG Developments Projects
MBG’s portfolio combines New Administrative Capital developments with coastal, medical, and business properties. Its principal projects include:
- Pukka — New Administrative Capital: a 41-acre residential community with 42 buildings and 1,100 units. Officially stated unit sizes range from 70 to 436 square metres.
- Diplo East — New Administrative Capital: a 65-acre residential development directly facing the Diplomatic District, offering apartments and villas across approximately 1,200 units.
- Doray Bay — Ras El Bar: a coastal development covering about 171,000 square metres with a one-kilometre seafront and 1,428 units in several housing formats.
- RiverGreen — New Administrative Capital: a medical complex in the MU23 district, covering 5,720 square metres and containing 260 units designed for healthcare use.
- White 14 — Downtown New Administrative Capital: a 14-storey commercial and administrative tower covering 6,334 square metres with 478 units.
The wider portfolio also includes Pukka Walk, RiverGreen 2, and earlier towers and complexes in Mansoura and Damietta. This mix allows MBG to participate in housing, business, healthcare, and coastal hospitality rather than relying on one property category.
Master Builders Group in Numbers
| Founded | 2017 |
| Reported portfolio units | More than 21,000 units |
| Verified delivered-unit total | No verified public total is available |
| Reported investment | More than EGP 23 billion, according to the official website |
| Reported workforce | More than 4,500 workers |
| Principal markets | New Administrative Capital, Ras El Bar, Mansoura, and Damietta |
| Head office | 107 Thawra Street, Heliopolis, Cairo |
These figures reflect information published by MBG about the scale of its portfolio and operations. The 21,000-unit figure should not be interpreted as completed handovers because the company had not published a single verified delivered-unit total as of June 2026.
Vision and Areas of Specialisation
MBG Developments presents its vision around multidisciplinary projects, innovation, planning quality, and sustainability, alongside expansion into new Egyptian destinations. Its work falls into four main categories:
- Residential development: integrated communities offering apartments, villas, and supporting amenities, including Pukka and Diplo East.
- Commercial and administrative property: buildings for offices, retail, and investment, such as White 14 and Pukka Walk.
- Medical development: facilities planned around healthcare operations, circulation, and specialist requirements, including RiverGreen and RiverGreen 2.
- Coastal development: residential and leisure destinations on the Mediterranean, represented by Doray Bay in Ras El Bar.
The company identifies integrity, customer focus, innovation, and professionalism as its core values. Its stated strategy is visible in the varied uses within its portfolio and in its plans to incorporate technology and sustainability into design and operations.
Recent MBG Developments Activity
The launch of Diplo East was one of the company’s most visible portfolio additions in 2025. The project introduced a 65-acre residential community of roughly 1,200 units opposite the Diplomatic District in the New Administrative Capital. On 29 May 2025, MBG also announced its collaboration with PwC to support strategic innovation, sustainable development, and future growth planning.
During 2025, the company continued reporting construction progress at Doray Bay in Ras El Bar. Together, these developments show MBG balancing residential expansion in the New Capital with coastal development and stronger institutional planning.
Frequently Asked Questions About Master Builders Group
When was Master Builders Group founded?
MBG Developments in its current form was founded in 2017. The company also refers to a wider base of real estate experience extending for more than 30 years.
Who leads MBG Developments?
Dr. Mahmoud El-Adl is Chairman, while Dr. Amr El-Adl is CEO and Vice President.
What are the main MBG Developments projects?
Key developments include Pukka, Diplo East, Doray Bay, RiverGreen, and White 14, alongside Pukka Walk and RiverGreen 2.
How many units has MBG Developments delivered?
MBG reports a portfolio exceeding 21,000 units, but no verified public total is available for delivered units. The portfolio figure should therefore not be presented as completed handovers.
Where is the MBG Developments head office?
The head office is located at 107 Thawra Street, Heliopolis, Cairo, Egypt.