Menassat Developments Real Estate Company is an Egyptian shareholding real estate developer founded in 2021 by a group of experienced co-founders from the Egyptian real estate market. The official website says the company was created by 8 experienced co-founders seeking to establish an entity that can stand out in the real estate industry and support clients’ investments.
Menassat presents a combined group record of more than 45 years of experience, over 160 projects, and more than EGP 25 billion in group investments. In September 2025, Daily News Egypt reported that Menassat’s investment portfolio had reached a range of EGP 40-50 billion. Key projects include Podia Tower, Eclipse, AXLE, Valory, Begonia Residence, and Begonia Walk. No verified public total is available for delivered units, so the delivered-units field is left empty.
Menassat Developments History and Establishment
Menassat Developments entered the Egyptian market in 2021 with an early plan to develop mixed-use projects in the New Administrative Capital. A Daily News Egypt report from March 2021 stated that the New Cairo Developers Association established Menassat Developments with capital of about EGP 200 million, while the company planned two mixed-use projects in the New Administrative Capital with investments estimated at EGP 6 billion.
The company has a different structure from a single-founder developer, because it brings together experience from development, construction, design, project management, and investment. The official website lists board members including Eng. Ahmed Amin Massoud, Eng. Sherif Seleem, Eng. Mohamed Al Bostany, Eng. Adly El Keiy, Eng. Mohamed Ghobashy, Eng. Yasser Abdallah, Eng. Sherif Shaalan, and Eng. Mahmoud Amin Massoud.
Key Menassat Developments Projects
Podia Tower is one of Menassat’s flagship projects in the New Administrative Capital. It is located in Downtown New Capital’s Touristic District and occupies a total area of 19,782 square metres. The project includes 25 floors, 3 basements, and a ground floor, with a tower height of 110 metres. It includes more than 900 units across commercial, administrative, and medical uses, with facilities such as 12 panoramic elevators, an ATM centre, food court, kids area, prayer rooms, security systems, and solar cells.
In New Cairo, Eclipse is a mixed-use project offering commercial, administrative, and medical spaces in a location between North 90th and South 90th Street, spanning 4,360 square metres. The portfolio also includes AXLE for modern business needs, Valory as a commercial hub in Fifth Settlement, and Begonia Residence, a residential project in New Cairo with 512 units on a 26-acre land area according to the official website.
Begonia Walk is a mixed-use destination connected to Begonia and positioned as a business, retail, and lifestyle hub in New Cairo. Daily News Egypt reported that Begonia Destination spans 25 feddans with a maximum building footprint of 20%, including 23 residential buildings totaling 512 units, green spaces, lakes, community areas, and Begonia Walk.
Menassat Developments in Numbers
The available figures describe Menassat’s corporate scale and the wider track record of its founders and group experience. They should not be treated as delivered-unit totals unless a direct delivered-unit number is published.
| Founded | 2021 |
| Legal structure | Egyptian shareholding company according to the Arabic official website |
| Co-founders | 8 co-founders according to the official website |
| Group experience | More than 45 years according to the official website |
| Group projects | More than 160 projects according to the official website |
| Group investments | More than EGP 25 billion according to the official website |
| Recent investment portfolio | EGP 40-50 billion according to Daily News Egypt in September 2025 |
| Visit address | Tolip Hotel, South 90 Street, Fifth Settlement, New Cairo |
| Delivered units | No verified public total is available |
Menassat Vision and Specialties
Menassat’s vision is to build a lasting company with a global presence that can adapt to market changes and society’s progress. Its mission focuses on exceeding client expectations through investment research, profitable thinking, and future-oriented development. This appears in a portfolio that combines towers, retail, offices, clinics, residential communities, and mixed-use destinations.
- Commercial and administrative towers: Podia Tower in the New Administrative Capital.
- Mixed-use developments: Eclipse, AXLE, Valory, and Begonia Walk in New Cairo.
- Residential development: Begonia Residence and Begonia Destination in Fifth Settlement.
- Innovation and sustainability: A stated focus on technology, sustainability, construction management, and property management.
Recent Menassat Developments Activity
On 15 September 2025, Menassat’s official website published news about the launch of Begonia Walk as a new investment destination in the heart of Fifth Settlement. On 21 September 2025, Daily News Egypt reported that Menassat’s portfolio had reached EGP 40-50 billion and that the company was targeting annual sales of at least EGP 6 billion, while exploring expansion opportunities in West Cairo, the North Coast, and New Alamein.
The same report said Menassat planned to showcase its developments at Cityscape Egypt 2025 to reach a wider investor base and explore strategic partnerships. This confirms the company’s direction toward a diversified portfolio rather than dependence on a single project or one location.
Menassat Developments FAQ
When was Menassat Developments founded?
Menassat Developments was founded in 2021 and entered the market with plans for mixed-use developments in the New Administrative Capital.
What are Menassat’s main projects?
Main projects include Podia Tower, Eclipse, AXLE, Valory, Begonia Residence, and Begonia Walk.
Where is Menassat headquartered?
The official website lists the visit address at Tolip Hotel, South 90 Street, Fifth Settlement, New Cairo, Egypt.
How large is Menassat’s investment portfolio?
The official website lists more than EGP 25 billion in group investments, while Daily News Egypt reported a portfolio range of EGP 40-50 billion in September 2025.
How many units has Menassat delivered?
No verified public total is available for delivered units, so no delivered-unit number is used in the developer data.