SAK Developments, searched in Arabic as شركة SAK للتطوير العقاري, is an Egyptian real estate developer officially established in January 2018 to bring together more than 35 years of family experience in real estate development, construction and consultancy. Based in New Cairo, the company’s modern portfolio focuses on the New Administrative Capital through residential, commercial, administrative and hospitality-linked projects such as Sueño, Elite and The V.
According to the official website, SAK Developments was created as a professional umbrella combining the wisdom and experience of the first generation with the creativity and innovative vision of the second generation. The company’s earlier track record includes residential and commercial work in Egypt’s Delta region, consultancy assignments, and main contracting work with government entities and large organizations. Its stated positioning focuses on luxury real estate offerings with value for money, quality, modernity and comfort.
SAK Developments Founding and Founders
The official About page states that SAK Developments was officially established in January 2018 to unite calibers that had worked together for decades. The name SAK comes from the initials of the three founding partners: Kadri Al Ghetani, Samih Al Kishawi and Ali Al Shahhat. The company also links the name to three values: Solidity, Ambition and Knowledge.
The official site says Kadri Al Ghetani began his career more than 35 years ago as a consultant to the General Authority for Reconstruction Projects and Agricultural Development, and worked as a main construction contractor on housing initiatives launched by the Egyptian Ministry of Housing. Samih Al Kishawi is described as having more than 35 years of experience in regional real estate development, while Ali Al Shahhat is presented as a real estate and land-division expert with long experience in development and construction.
Leadership
Ahmed Kadri appears in official and media sources as CEO and, in market coverage, chairperson of SAK Developments. His personal website describes him as the CEO of SAK Developments and founder of Kadri Investments, with more than 15 years of experience across real estate, engineering and multi-sector investments. In 2023 coverage by Daily News Egypt and Invest-Gate, he was the company executive quoted on progress across SAK’s three New Administrative Capital projects.
SAK Developments Projects
Sueño New Capital
Sueño is SAK’s main residential project in the New Administrative Capital. The official page places the project in R7, five minutes from the Embassies District and Expo City, ten minutes from Al Masa Hotel, the Opera House, the banks complex and the government district, and around twenty minutes from the new airport. Its concept focuses on a smart gated community with family-oriented green areas, a retail area, daycare center, health club, running and bike tracks, solar energy and other lifestyle amenities.
Elite New Capital
Elite is a commercial and administrative project in MU23 in the New Administrative Capital. The official page positions it at the entrance of the New Capital between R2 and R3, close to the government district, New Capital International Airport, the embassies zone, Al Masa Hotel and the Green River. The official page lists 5,500 square meters of land, 121 units and 16,000 square meters of built-up area, with facilities including security, high-speed internet, generators, firefighting, two basement parking levels, smart systems and a sky lounge.
The V / V Hub
The V is a mixed-use project combining commercial, administrative, medical and residential or hospitality-related spaces. The official page describes it as a V-shaped complex offering offices, clinics, shops, residential studios, restaurants and cafes. It lists 7,300 square meters of land, 121 units and 16,000 square meters of built-up area. In 2023 media coverage, the project appeared as V Hub on 7,500 square meters with more than 11,000 square meters of built-up area.
Verified SAK Facts
| Official founding date | January 2018 |
| Collective experience | More than 35 years |
| Founders | Kadri Al Ghetani, Samih Al Kishawi, Ali Al Shahhat |
| CEO | Ahmed Kadri |
| Projects completed | More than 25 projects across Egypt according to the official website |
| Delivered units | No verified public total is available for delivered units |
| Head office | Agora Mall, second floor, East Lotus, New Cairo |
Although the official website states that the company has delivered more than 25 projects, that is not a verified delivered-unit total. For this reason, this profile does not enter any delivered-unit figure and only uses project-specific numbers when they are clearly tied to named projects.
Vision and Specializations
SAK’s mission is to provide luxury offerings at affordable prices while ensuring value for money. Its vision is to become a market leader and specialist in luxurious real estate solutions. The company’s work covers residential communities, commercial and administrative buildings, medical units, mixed-use projects, and earlier consultancy and contracting work before its clearer move into the New Administrative Capital market.
Recent Company Updates
In November and December 2023, Invest-Gate and Daily News Egypt reported Ahmed Kadri’s statements that SAK Developments was executing three New Administrative Capital projects and that construction was progressing according to schedule. The reports stated that Elite was at an advanced construction stage, Sueño had delivered its first and second phases with a 50% delivery rate, and The V Hub had completed excavation and replacement works and started concrete structure work.
The same coverage also mentioned operating brand agreements for The V Hub, including Seif Pharmacy, Chili’s, Casper & Gambini’s, Pottery Café and BBQ Pro. This is relevant because it shows the company’s focus on operating mixed-use commercial projects rather than selling real estate units only.
SAK Developments FAQs
When was SAK Developments founded?
SAK Developments was officially established in January 2018, according to the company’s official About page, while its founders’ collective experience extends back more than 35 years.
Who founded SAK Developments?
The founders are Kadri Al Ghetani, Samih Al Kishawi and Ali Al Shahhat. The name SAK is derived from the initials of the three founding partners.
What are SAK Developments’ main projects?
The company’s main projects include Sueño New Capital, Elite New Capital and The V or V Hub, alongside earlier residential, commercial and consultancy experience.
Where is SAK Developments located?
The official website lists the company address at Agora Mall, second floor, Plot 11, East Investors Extension, East Lotus, New Cairo, Egypt.
How many units has SAK delivered?
No verified public total is available for delivered units. The official website refers to more than 25 projects across Egypt, but that is a project count, not a delivered-unit count.