MOBCO Developments, known in Arabic as شركة موبكو للتطوير العقاري, is the real estate development arm of Saudi-founded MOBCO Group, which was established in 2001. In Egypt, the company is mainly known for Eastmain New Cairo, a mixed-use project in the Fifth Settlement that combines offices, retail spaces, and clinics. The developer benefits from the wider group’s background in construction, project management, education, hospitality, and facility management.
MOBCO Foundation And Background
The official MOBCO Group About page states that the group was founded in Saudi Arabia in 2001 and became active in contracting and construction before expanding across related business lines. The same official page reports a turnover exceeding SAR 6 billion over the past five years and the completion of more than 150 projects.
The group homepage gives a broader picture of scale, referring to 25 years of experience, around 10,000 professionals, 600 engineers and technicians, and hundreds of delivered projects across the group. These are group-level credentials rather than a delivered-unit count for the real estate developer, so DeedGate records them as institutional background and does not treat them as a verified total of delivered real estate units.
MOBCO’s Entry Into Egypt
MOBCO Developments entered the Egyptian market through Eastmain, which the company’s official website describes as a mixed-use development in Palm Hills Katameya Extension, New Cairo. The project brings together commercial offices, retail spaces, and clinics in a business-oriented destination designed for work, shopping, and networking.
The official LinkedIn page for Mobco Developments Egypt describes Eastmain as the company’s first project in Egypt, launched in 2021. It also presents the project as an integrated mixed-use destination built to reshape the commercial and administrative landscape in New Cairo. This makes Eastmain the clearest reference point for assessing MOBCO’s local development strategy.
Key Projects By MOBCO Developments
The main Egyptian project is Eastmain New Cairo, also known in Arabic as Mall Eastmain Fifth Settlement. It is a commercial, administrative, and medical destination in New Cairo, with a mix of offices, shops, and clinics. The official description highlights open spaces, high ceilings, natural light, and an environment designed for business activity and daily interaction.
At the parent-group level, MOBCO’s wider portfolio extends across Saudi Arabia, Egypt, and Canada. The official site lists Victoria 101 in Canada as a residential project, while market sources refer to Saudi works such as Maad Towers, El-Jafry Tower in Mecca, hospitality projects in Medina, and administrative and educational buildings. For Egypt, however, Eastmain remains the core verified project until additional local projects are formally announced.
MOBCO Developments In Numbers
| MOBCO Group foundation year | 2001 |
| Experience | More than two decades, with the official homepage referring to 25 years |
| Five-year turnover | Over SAR 6 billion according to the official About page |
| Group workforce | Around 10,000 professionals according to the official homepage |
| Engineers and technicians | Around 600 according to the official homepage |
| Delivered units total | No verified public total is available for delivered units. |
These figures help explain the scale behind the brand, but they should not be confused with a verified number of delivered real estate units in Egypt. For that reason, DeedGate fills the founding year and leaves the delivered-units field blank.
Vision And Specializations
MOBCO presents itself around planning, building, and managing projects. The official MOBCO Developments page says the division focuses on transforming prime locations in Egypt and Canada through innovative, high-quality projects, with attention to safety, environmental responsibility, and sustainable practices.
The group’s specializations include construction, real estate development, project management, commercial and office spaces, medical facilities, and asset or facility management. This gives MOBCO a more vertically integrated profile than a developer that relies only on external contractors, because the wider group has direct construction and management capabilities.
Recent Updates In Egypt
In 2025, Bloom Gate reported that MOBCO was studying a major expansion plan in Egypt worth around EGP 80 billion across two potential projects, including a land opportunity in New Cairo and another possible development on the North Coast. These items remain expansion reports and negotiations unless formally confirmed by the company.
The official LinkedIn page also shows continuing updates about Eastmain’s progress and partnerships, including Geidea’s decision to move its Egyptian headquarters to Eastmain and Vodafone Business connectivity solutions for the project. These updates position Eastmain as a business community rather than a conventional standalone mall.
FAQs About MOBCO Developments
When was MOBCO founded?
MOBCO Group was founded in Saudi Arabia in 2001. MOBCO Developments entered Egypt through Eastmain, which the company presents as its first Egyptian project in 2021.
What is MOBCO’s main project in Egypt?
The main project is Eastmain New Cairo, a mixed-use commercial, administrative, and medical destination in the Fifth Settlement.
Where is MOBCO’s Egypt office?
The official website lists an Egypt office at B1 Building, Mivida Compound, New Cairo, as well as an address in Nasr City, Cairo.
How many units has MOBCO delivered?
No verified public total is available for delivered units by MOBCO Developments. The available official numbers refer to group projects, workforce, and turnover.
Is MOBCO Egyptian or Saudi?
MOBCO is Saudi-founded, with Egyptian operations through MOBCO Developments Egypt and Eastmain New Cairo.