Matawa Group Real Estate Investment Company is one of the established names in Egypt’s real estate development market, and its current official brand is MG Developments. The group was founded in 1998 and operates across residential, touristic, commercial, and administrative developments in New Cairo, the New Administrative Capital, Ain Sokhna, and New Heliopolis.
The company is led by Mohamed Matawa, founder and chairman of MG Developments. The official website positions the company around long-lasting communities under the idea of being “Built to Last”. It also lists a portfolio of 10 projects, more than 500,000 square meters developed, and a team of more than 250 professionals.
History of Matawa Group and MG Developments
Matawa Group was established in 1998 as a company active in real estate investment, tourism development, and construction. As the business expanded, the brand evolved into MG Development / MG Developments, while the Matawa Group name remains a known historical name among buyers and market researchers.
The official website explains that MG Developments has built a diversified portfolio across residential, touristic, commercial, and administrative projects in promising Egyptian locations. The company’s timeline starts with the establishment of Matawa Group in 1998, then moves through New Cairo, Ain Sokhna, and New Capital projects, up to recent commercial and administrative developments.
Key Projects by MG Developments
MG Developments has a diversified portfolio covering residential, coastal, commercial, and administrative assets:
- Blue Blue Ain Sokhna – A coastal touristic project in Ain Sokhna. In 2026 company materials described it as a 120,000-square-meter project with six phases including chalets, villas, hotel units, and integrated leisure services.
- La Vida New Heliopolis – A residential compound in New Heliopolis inspired by Italian-style architecture, landscaped areas, and water features.
- The Mark New Capital – A mixed-use development in Downtown New Administrative Capital, combining commercial, administrative, medical, and hospitality activities.
- ProMark New Capital – A commercial and administrative project in the New Administrative Capital’s Downtown area.
- HQ Business New Cairo – An administrative project in New Cairo, presented by the company as one of its key business destinations.
- Premium Business Center – A commercial and administrative project in New Cairo / Fifth Settlement.
MG Developments in Numbers
The company’s official figures describe experience, scale, and portfolio size. They should not be confused with delivered units, as no verified public total is available for delivered units.
| Founded | 1998 |
| Experience | More than 25 years |
| Declared projects | 10 projects |
| Developed area | More than 500,000 square meters |
| Team | More than 250 professionals |
| Hotline | 16855 |
| Head office | 56 Abbas El Akkad Street, Nasr City, Cairo |
| Delivered units | No verified public total is available for delivered units. |
Vision and Development Focus
MG Developments’ vision is to build spaces that enrich life and create value for owners and investors, while expanding strategically across new Egyptian markets. Its mission focuses on high-quality residential, commercial, and administrative projects supported by integrated infrastructure and services.
The company’s development focus includes residential communities, touristic and hospitality assets, and commercial and administrative developments. The group also operates through specialized subsidiaries in contracting, maintenance and operations, interior design, project management, and marketing, making it closer to an integrated development and operation platform than a single-activity developer.
Recent Updates
In March 2026, MG Developments announced the launch of VALO Hospitality as a specialized hospitality management arm. The plan targets around EGP 2 billion of investment in the hospitality sector over five years and aims to create and operate six hotels with more than 600 hotel rooms and suites.
The hospitality plan includes assets within Blue Blue Ain Sokhna, including La Cabana Beach Front Hotel, which entered trial operation, in addition to other hotels under finishing or construction. The company also stated that two hotels are under development in Solara with a total of 260 hotel rooms, as part of a wider 2030 vision that combines real estate development, hospitality operations, and asset management.
FAQs About Matawa Group and MG Developments
When was Matawa Group founded?
Matawa Group was founded in 1998 and later evolved into MG Development / MG Developments.
What is the current name of Matawa Group?
The current official brand is MG Developments, while Matawa Group remains the company’s historical name.
Who is the chairman of MG Developments?
The company is chaired by Mohamed Matawa, founder and chairman of MG Developments.
What are the main projects by MG Developments?
Key projects include Blue Blue Ain Sokhna, La Vida New Heliopolis, The Mark, ProMark, HQ Business, and Premium Business Center.
How many units has MG Developments delivered?
No verified public total is available for delivered units, so the delivered-unit field should remain empty unless an official source publishes a clear figure.