Akam AlRajhi Developments

Akam AlRajhi Developments represents an exceptional model of successful strategic partnership between deep-rooted Egyptian expertise and massive Saudi financial solvency.

Since its launch in 2022 with investments exceeding 8 billion pounds, the company has not merely constructed buildings and concrete blocks; rather, it has pioneered a new concept known as the "humanization of real estate"—an integrated approach that places human mental health, happiness, and well-being at the top of its priorities.

Through a leadership structure comprising elite investment experts and a giant portfolio of projects led by Dose Village in Ras El Hekma and a series of New Administrative Capital projects, the company proves day after day its merit in leading the future of urban development in Egypt and the region.

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Information About Akam AlRajhi Developments

Akam AlRajhi Developments is considered one of the newest and strongest integrated economic investment entities in the Egyptian and regional real estate market.

Established in June 2022, it emerged as a result of a major, long-term strategic alliance and partnership between two economic powers in Egypt and the Kingdom of Saudi Arabia. The alliance parties are as follows:

Akam Developments (The Egyptian Side): One of the fastest-growing real estate companies in Egypt, characterized by its deep understanding of local market requirements, regulatory mechanisms, and environmental and architectural studies.
AlRajhi Real Estate Development Group (The Saudi Side): A massive, expansive group with a long history and investment trust in real estate, contracting, and banking sectors within the Kingdom and Gulf countries.

Financial Solvency and Investments

The alliance launched with massive direct initial investments exceeding 8 billion Egyptian pounds, granting Akam AlRajhi Developments financial stability and solvency to ensure the execution of its expansion plans without exposure to market fluctuations.

The company adopts an innovative vision aimed at breaking traditional and stereotypical real estate development concepts. Its philosophy is based on "the humanization of real estate"—development directed to serve and bring happiness to humans. Instead of focusing on concrete blocks, it builds innovative, sustainable communities that support mental health and well-being.

Furthermore, the company is keen to merge capital, transparency, and corporate governance derived from the Saudi side with structural and executive creativity from the Egyptian side, establishing exclusive partnerships with major global design and consultancy firms to manage and operate its assets.

Who Owns Akam AlRajhi Real Estate?

Ownership of Akam AlRajhi Developments does not belong to a single individual; rather, it is a joint-stock company divided between the two entities (Akam and AlRajhi Group).

This edifice is led by a joint board of directors comprising elite investors and experts in the Middle East:

1. Eng. Essam Mansour (Chairman and CEO)

Role: The primary executive leader and pivotal figure in managing and steering the company's compass.
Experience & Background: Possesses extensive, long-standing practical experience exceeding 25 years in real estate investment, tourism development, and managing major projects in the Egyptian market.
Known for his strategic vision in designing innovative real estate solutions tailored to client demands, he also holds administrative positions in companies affiliated with Akam and Residence Real Estate Development Group.

2. Sheikh Abdulwahab bin Saleh AlRajhi (Key Partner and Board Member)

Role: Represents the Saudi economic weight in this alliance and serves as the strategic partner from the Saudi side.
Background: Chairman of the Board of Directors of Saudi AlRajhi Group (operating across various fields for decades). Possesses broad investment experience in Gulf and Arab markets, managing major companies such as the Saudi Agricultural Group and Zadna Company.

3. Eng. Hisham Qandil (Managing Director and Technical Officer)

Role: Oversees technical and execution mechanisms, as well as structural quality within projects.
Background: Possesses a long-standing track record in urban and engineering planning, implementing sustainable and smart building standards to ensure projects are delivered with the highest engineering efficiency.

4. Mr. Idris Mohamed (CEO of Akam and Board Member)

Role: One of the main partners and planners in the Akam AlRajhi alliance.
Background: Possesses extensive experience in studying consumer behavior and developing innovative marketing concepts. He is directly responsible for crystallizing the philosophy of "humanizing real estate" and turning it into a tangible reality within the work and development environment.

Portfolio of Akam AlRajhi Developments

The company's portfolio is divided into two main parts: the official inaugural project launched under the new joint entity (Akam AlRajhi), alongside the massive portfolio of previous projects executed by Akam Developments (the Egyptian partner) prior to its merger with AlRajhi Group. Below are the executed projects:

Dose North Coast

Dose Village is the benchmark project and the official starting point for the merger of the two companies, located in the heart of Ras El Hikma Bay at Kilometer 174 on the Alexandria - Matrouh Road.

The village extends over an area of 125 feddans with a 450-meter beachfront.

It is entirely designed on tiered terraces to guarantee sea views for most units and built on the concept of wellness and extraordinary entertainment activities, including a water circus, lazy river, and integrated medical and hotel areas.

Scenario New Capital Compound

One of the earliest luxury residential projects by Akam AlRajhi Developments in the Seventh Residential District (R7).

It spans a wide area and is designed to provide residents with the highest levels of privacy and luxury through expansive green spaces and advanced artificial lakes.

Scene 7: New Capital Compound

Located in the Seventh District (R7), it is recognized as the first integrated sports residential compound in Egypt, featuring approximately 11 diverse sports academies and international fields to serve families interested in athletic and healthy lifestyles.

Inava Mall New Capital

An integrated commercial and administrative project specifically designed to serve the company's residential projects and visitors of the New Administrative Capital, distinguished by its prime location and modern engineering design.

Tivoli Hotel Hurghada

One of the prominent tourism and hotel projects on the Red Sea, developed and equipped by the founders of Akam AlRajhi Developments with high hospitality standards.

Multiple Administrative and Medical Buildings

The company has developed several successful service and administrative complexes in new cities such as New Cairo (Fifth Settlement) and El Shorouk City to meet growing market demands.

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