RE
Egypt real estate brief
Athar Urban Development launches in Egypt under Mohamed Shehata’s leadership
An RE brief based on a story published by العقارات اليوم on 10 November 2026.
Read the full story at the sourceThe story in brief
Al-Sayed Shehata Group ESG announced the launch of Athar Developments as its new real-estate development arm, with Engineer Mohamed Shehata as chairman. The company is preparing to launch its first residential project in Sheikh Zayed City, drawing on the group’s experience in contracting, development and project management.
Key numbers
- more than 50 years
- group experience in construction and contracting
- about 30 years
- Mohamed Shehata’s construction and contracting experience
- 20 years
- Mohamed Shehata’s real-estate development experience
Why it matters for brokers
The company is preparing to launch its first residential project in Sheikh Zayed, adding a new developer to the West Cairo market. The announcement gave no details on project area, unit count, prices or payment plans.
RE's reading of the story. It is not part of the original report and not investment advice.