Olive Tree Development is an Egyptian real estate company associated with Avamina Group. The company was formally established in 2020 with a reported capital of EGP 400 million, while the parent group and its related businesses have a much longer operating history. This distinction matters: 2020 is the reported establishment year of Olive Tree Development itself, whereas references to more than 30 years of experience generally describe the background of Avamina Group, its founders, and earlier contracting activities.
Olive Tree focuses on projects in Egypt’s New Administrative Capital. Its verified portfolio includes commercial, administrative, medical, and residential development, represented by the mixed-use N Mall and the residential Oro New Capital project. The company also benefits from Avamina Group’s background in contracting, trading, and construction. However, the wider group’s contracting record should not automatically be treated as a list of developments owned by Olive Tree.
About Olive Tree Development
Olive Tree Development was launched as a real estate development company within Avamina Group to expand the group’s direct property development activities. Available sources identify 2020 as the company’s establishment year and associate Avamina Group leaders Ashraf Awad and Ehab Awad with its projects. N Mall was presented as Olive Tree’s first New Capital project, followed by the company’s involvement as developer of the Oro residential community.
The company’s development approach combines strategic locations with products aimed at different buyer groups. Its commercial project separates retail, medical, and office uses to support clearer circulation and operation. Its residential project focuses on family apartments, landscaped areas, and essential community facilities in one of the New Capital’s established residential districts.
No reliable, company-wide total for delivered units was publicly available as of June 2026. A February 2025 company update said first phases were approaching completion and unit handovers, but it did not state a verified cumulative delivery figure. The delivered-units field is therefore left blank rather than treating launched inventory or the parent group’s construction work as completed Olive Tree units.
Olive Tree Development Projects
The projects that can be directly verified are concentrated in the New Administrative Capital. Company coverage refers to several active developments, although the consistently named projects are N Mall and Oro New Capital. Other buildings associated with Avamina Group are better described as group references or contracting participation unless ownership and development responsibility are independently confirmed.
N Mall New Capital
N Mall New Capital is Olive Tree’s first announced commercial, administrative, and medical development in the city. It occupies plot MU1/15 in the Downtown district, near Al Masa Hotel, the central monorail station, and major New Capital routes. Published project information places the land area at approximately 2,307 square metres, with a building footprint of about 30% and the balance allocated to circulation, services, and open areas.
The development consists of a ground floor and eight upper floors, supported by basement and parking facilities. Retail premises, clinics, and offices are distributed by use, helping buyers select space aligned with their operating model. A 2021 Daily News Egypt report described the launch of the project’s final sales phase at a real estate exhibition and reported that a portion of the units had been sold at that time. These figures are historical and should not be read as current availability.
Oro New Capital
Oro New Capital is a residential project in the R7 district, near the Diplomatic District and Investors Area. It extends over a reported 38 feddans and offers apartments in a planned community with landscaped spaces, a clubhouse, a mosque, a commercial area, security, and supporting facilities.
Some market pages present Oro under Avamina Group because it is the parent company. However, a company press release published in February 2025 expressly described Oro as Olive Tree’s second project in the New Capital. DeedGate therefore associates the project with Olive Tree as the group’s real estate development arm while preserving the corporate relationship in the profile.
Olive Tree Development at a Glance
| English trade name | Olive Tree Development |
| Reported establishment year | 2020 |
| Parent group | Avamina Group |
| Reported capital at establishment | EGP 400 million |
| Verified development market | New Administrative Capital |
| Key verified projects | N Mall and Oro New Capital |
| Total delivered units | No verified official cumulative figure |
Development Focus and Positioning
Olive Tree’s current portfolio shows a strategy of diversification within one growth market. N Mall provides exposure to retail, healthcare, and office demand, while Oro serves the residential segment. The company also gives attention to sites close to transport, government districts, hotels, and service areas. These factors may support accessibility and future operation, but they do not replace due diligence on construction quality, management, and contractual delivery obligations.
- Mixed-use development: retail, medical, and administrative units within one asset.
- Residential development: apartments and community services in the R7 district.
- Location selection: access to the monorail, Al Masa Hotel, the Diplomatic District, and key roads.
- Execution background: access to Avamina Group’s contracting and engineering experience.
Latest Olive Tree Development Updates
In February 2025, the company published an update reporting progress on its New Capital developments, with initial phases approaching completion and a fourth and final phase starting on one project. The release referred to three major projects but clearly named only the mixed-use development and Oro. This profile therefore avoids adding a third name without a source that establishes the project’s identity and ownership.
Prospective buyers should inspect current construction progress, permits, delivery schedules, finishing specifications, maintenance obligations, and operating arrangements before contracting. Prices and instalment plans shown on property portals change over time and should be confirmed through an official quotation and a legally reviewed sale agreement.
Frequently Asked Questions
When was Olive Tree Development established?
The company was reportedly established in 2020. Earlier dates refer to the history and experience of its parent, Avamina Group, and related businesses.
What are Olive Tree Development’s main projects?
The directly verified projects are the mixed-use N Mall and the residential Oro New Capital development.
Is Olive Tree part of Avamina Group?
Yes. Sources describe Olive Tree Development as an Avamina Group company, which explains why some market materials use the parent group’s name for related projects.
How many units has Olive Tree delivered?
No verified official cumulative delivery total was available as of June 2026, so no estimate is recorded in the developer data.