New Event Development, officially known in many material as New Event Developments, is a real estate developer operating in Egypt since 2014 according to its official website. The company was founded by real estate expert Dr. Hamid AlRagwy, who has more than 15 years of experience in the sector. Its current Egyptian portfolio focuses on residential, commercial and administrative projects in the New Administrative Capital, alongside regional expansion in Saudi Arabia.
The official website states that New Event has executed more than 25 projects across Egypt, Turkey and Saudi Arabia, covering residential, commercial, administrative and tourism sectors. Its key Egyptian projects include Qamari Residence, H Mall and Trave Business Complex. Its Saudi portfolio includes Sakan View, Sakan View 2 and Jidia Towers according to 2025 and 2026 market reports.
New Event Development Foundation and Growth
The company’s official website lists 2014 as its “Since in Egypt” date and states that New Event was founded by Dr. Hamid AlRagwy. For this profile, 2014 is recorded as the developer’s founding or Egypt-operation year, while the content keeps that context clear and avoids treating it as an unsupported global incorporation claim.
New Event’s Egyptian presence began with projects in the New Administrative Capital, especially Downtown and the R8 district. Over time, the company combined commercial, administrative and residential development, then expanded into Saudi Arabia in 2025 through Sakan View in Jeddah, followed by Sakan View 2 and additional announced expansion plans in Jeddah and Riyadh.
Key New Event Development Projects
New Event’s Egyptian portfolio is concentrated in the New Administrative Capital, where its projects benefit from proximity to Downtown, the Government District, the Green River and major transport axes.
Residential Projects
- Qamari Residence — New Administrative Capital: a residential project in the R8 district facing the Diplomatic District and near the Government District, the Presidential Palace and Al Masa Hotel. The official page states that the project spans 25 acres, with 80% landscape and water features, plus private gates, a swimming pool, smart nursery, yoga area, running track, medical center and family areas.
Commercial and Administrative Projects
- H Mall — Downtown, New Administrative Capital: a commercial and administrative project spanning approximately 4,700 sqm, with views toward the data center and Central Park. The official page states that administrative spaces start from 35 sqm, commercial spaces from 32 sqm, and the building includes 13 floors.
- Trave Business Complex — Downtown, New Administrative Capital: a mixed-use commercial and administrative project across approximately 4,500 to 4,700 sqm, positioned on the first row of the axis separating Downtown from Central Park, with panoramic views and a distinctive façade concept.
Regional Projects
- Sakan View — Jeddah, Saudi Arabia: the company’s first announced Saudi project, reported by Invest-Gate in July 2025 as New Event’s official entry into the Kingdom.
- Sakan View 2 — Saudi Arabia: launched after the sell-out of Sakan View 1’s first phase, according to Invest-Gate in October 2025.
- Jidia Towers — Jeddah: listed by EGY Gate News among three projects launched by New Event in Jeddah within less than one year.
New Event Development in Numbers
Verified public figures are available for the company’s Egypt-operation year, founder experience, general project count and selected project areas. However, no verified public cumulative total is available for delivered units, so the delivered-units field is left blank.
| Egypt operation year | 2014 |
| Founder and Chairman | Dr. Hamid AlRagwy |
| Founder experience | More than 15 years according to the official website |
| General project count | More than 25 projects across Egypt, Turkey and Saudi Arabia according to the official website |
| Qamari Residence | 25 acres in R8, New Administrative Capital |
| H Mall | Approximately 4,700 sqm and 13 floors in Downtown |
| Trave Business Complex | Approximately 4,500-4,700 sqm and 13 floors in Downtown |
| Total delivered units | No verified public cumulative total is available for delivered units. |
Vision and Specializations
New Event states that its vision is to become one of the most influential real estate developers in the Middle East, redefining modern living through innovative and smart projects. Its mission focuses on integrated real estate solutions across the region, combining futuristic design, environmental efficiency, smart technology and investment returns.
The company specializes in residential, commercial and administrative developments, with a clear emphasis on mixed-use projects in the New Administrative Capital and regional residential expansion in Saudi Arabia. Its project pages highlight modern design, strategic locations, flexible unit areas and operational services for both end users and investors.
Recent Updates and New Projects
In March 2026, EGY Gate News reported that New Event Developments was preparing to launch a new project in the New Administrative Capital while expanding in Egypt and Saudi Arabia. According to Dr. Hamid AlRagwy’s comments in the same report, the company had completed the concrete structure of H Mall and was working on finishing works, reached 75% of the concrete structure at Trave, and completed excavation before starting construction at Qamari.
In Saudi Arabia, Invest-Gate reported in July 2025 that New Event entered the Kingdom through Sakan View in Jeddah. In October 2025, Invest-Gate reported that the first phase of Sakan View 1 had sold out and that the company launched Sakan View 2. The March 2026 EGY Gate News report also stated that the company had launched three projects in Jeddah in less than one year and was preparing a fourth, with Riyadh expansion under study.
FAQs About New Event Development
When was New Event Development founded?
The official website lists New Event as operating in Egypt since 2014, which is used in this profile as the founding or Egypt-operation year.
Who founded New Event Development?
The company was founded by Dr. Hamid AlRagwy, who has more than 15 years of real estate experience according to the official website.
What are New Event Development’s main projects?
Main projects include Qamari Residence, H Mall and Trave Business Complex in Egypt, plus Sakan View, Sakan View 2 and Jidia Towers in Saudi Arabia.
Where are New Event’s Egyptian projects located?
The company’s current Egyptian projects are concentrated in the New Administrative Capital, especially R8 and Downtown.
How many units has New Event Development delivered?
No verified public cumulative total is available for delivered units, so no delivered-units number is used.