Tatweer Misr Developments is an Egyptian real estate developer founded in 2014. Cofounded and led by Dr. Ahmed Shalaby, President and CEO, the company develops residential, coastal and mixed-use destinations across Ain Sokhna, the North Coast, Mostakbal City and New Zayed. Tatweer Misr’s key projects include IL Monte Galala, Fouka Bay, Bloomfields, D-Bay, Rivers, Salt, Scenes and Marina Towers.
The company positions itself around smart, sustainable and integrated communities. Recent 2026 coverage states that Tatweer Misr has a land bank of approximately 7.4 million square meters, sold built-up area exceeding 2.6 million square meters and a customer base of about 19,600 clients. Because public delivery figures differ across reputable 2026 material, no single delivered-units number has been entered as a verified total.
Tatweer Misr History and Establishment
Tatweer Misr was established in 2014 to offer a different model in Egypt’s real estate market, built around innovation, sustainability, integrated design and specialist partnerships. The company’s official website states that its mission is to set a benchmark for integrated living through innovative projects and communities where people can live, work and play.
The company started with its mountain and coastal flagship, IL Monte Galala in Ain Sokhna, then expanded to the North Coast through Fouka Bay, D-Bay and Salt. In East Cairo, it developed Bloomfields and Scenes in Mostakbal City, and in West Cairo it introduced Rivers in New Zayed. In March 2026, Tatweer Misr launched IL Monte Galala Marina Towers, with investments of around $1 billion according to Forbes Middle East.
- 2014: Tatweer Misr was founded as an integrated real estate development company.
- 2016: IL Monte Galala won the Cityscape Residential Global Award.
- 2018: Fouka Bay won the Top Mediterranean Resort award from MR&H Forum.
- 2025: The company signed a strategic partnership with OTIS to supply and install 1,250 smart vertical mobility units across its developments.
- 2026: Tatweer Misr launched IL Monte Galala Marina Towers and reported strong Q1 sales activity.
Key Projects by Tatweer Misr Developments
Tatweer Misr’s portfolio covers four main destinations and includes permanent homes, coastal resorts and mixed-use projects.
Ain Sokhna and Mostakbal City Projects
- IL Monte Galala — a year-round Ain Sokhna community spanning more than 2.24 million square meters with a 1.4 km shoreline and a mountaintop lagoon developed in partnership with Crystal Lagoons, according to the official website.
- Bloomfields — a 415-acre project in Mostakbal City, located between the New Administrative Capital and New Cairo, with residential, educational and mixed-use components.
- Scenes — a Mostakbal City project between New Cairo’s Golden Square and the New Administrative Capital, close to AUC, Road 90, the fast train and the capital’s airport.
North Coast and West Cairo Projects
- Fouka Bay — a Ras El Hekma coastal destination with 12 island clusters and 7 km of beaches, located 211 km west of Alexandria and 75 km from Marsa Matrouh.
- D-Bay — a North Coast project at kilo 165, about 15 minutes from Sidi Abdelrahman, offering villas, twin houses, chalets and lofts.
- Rivers — a 100-acre New Zayed project presenting a boutique residential concept around water features and open spaces.
- Salt — a 294.5-acre North Coast community with an 850-meter private beachfront, marina, commercial zone, five-star hotel and serviced-apartment concept.
- Marina Towers – IL Monte Galala — a premium expansion within IL Monte Galala, launched in 2026 with investments of around $1 billion.
Tatweer Misr in Numbers
| Founded | 2014 |
| Leadership | Dr. Ahmed Shalaby, Cofounder, President and CEO |
| Land bank | Approximately 7.4 million square meters according to 2026 public coverage |
| Portfolio | At least six flagship projects across four destinations, with eight development names listed on official project pages |
| Residential units in portfolio | 34,000 units according to Invest-Gate’s 2025 coverage |
| Delivered units | No single verified delivered-units total has been entered due to conflicting 2026 public figures. |
| Headquarters | 20 Aisha Al Taimoria Street, Garden City, beside Four Seasons Nile Plaza, Cairo |
| Hotline | 16094 |
In April 2026, Zawya/Reuters reported that Tatweer Misr achieved more than EGP 43 billion in contractual sales in Q1 2026, sold around 2,225 units and expanded its customer base to approximately 19,600 clients. The same coverage stated that around 400 units were handed over during the quarter and that the company targets 2,200 deliveries during 2026. Forbes Middle East later stated in May 2026 that the company had delivered 9,000 units as of March 2026, so this profile avoids treating either number as a final single total.
Vision and Specializations
Tatweer Misr focuses on smart, sustainable and happy communities, with attention to energy and water efficiency, waste management, smart infrastructure and user-centered planning. Its partnerships with international specialists in design, lagoons, hospitality and smart vertical mobility reflect that direction.
The company specializes in mixed-use developments, coastal resorts, permanent residential communities, education and entrepreneurship components, and hospitality-led destinations. In 2026, public statements also point to future expansion in hospitality and non-residential products, while studying opportunities in Saudi Arabia, Oman and Greece.
Recent Updates and New Developments
In 2025, Tatweer Misr signed a strategic partnership with OTIS to supply and install 1,250 elevators and smart vertical mobility units across six developments over six years, including IL Monte Galala, Fouka Bay, D-Bay, Salt, Bloomfields and Rivers. The same year, the company reported EGP 12 billion in H1 sales, delivered 700 units and injected EGP 7 billion in investments.
In 2026, the most notable update was the launch of IL Monte Galala Marina Towers in Ain Sokhna, with investments of around $1 billion and strong sales in the first days of launch. Other Q1 2026 sales came from Bloomfields, Salt, D-Bay and Rivers.
Frequently Asked Questions About Tatweer Misr Developments
When was Tatweer Misr founded?
Tatweer Misr was founded in 2014. Dr. Ahmed Shalaby is the company’s cofounder, President and CEO.
What are Tatweer Misr’s main projects?
The company’s main projects include IL Monte Galala, Fouka Bay, Bloomfields, D-Bay, Rivers, Salt, Scenes and Marina Towers.
Where are Tatweer Misr’s projects located?
The projects are located across Ain Sokhna, Ras El Hekma and the North Coast, Mostakbal City and New Zayed.
How many units has Tatweer Misr delivered?
Public 2026 figures differ. Zawya/Reuters reported around 6,350 units by the end of Q1 2026, while Forbes Middle East stated 9,000 delivered units as of March 2026. No single final figure has been treated as definitive.
Is Tatweer Misr publicly listed?
No public information confirms that Tatweer Misr is listed on the Egyptian Exchange. Public 2026 comments refer to future funding and capital-market options as part of the company’s growth strategy.