About Egyptian Kuwaiti Real Estate Development
Egyptian Kuwaiti Real Estate Development is an Egyptian joint stock company founded in 1974 as a strategic partnership between the Egyptian and Kuwaiti governments. Backed by Cairo Governorate, Madinet Masr for Housing and Development (MMHD), and the Kuwait Investment Authority, the company holds a track record of more than +50 years of delivered projects and a residential and tourism portfolio across New Cairo and Hurghada, including Noble Compound New Cairo, Island View, The Club House, Esplanada, Marriott Beach, and The View.
Who is Egyptian Kuwaiti Real Estate Development?
Egyptian Kuwaiti Real Estate Development (EKRED) is an Egyptian joint-stock company established in 1974 by a ministerial decree from the minister of economy, structured as a strategic partnership between the Egyptian and Kuwaiti governments within the wider economic cooperation framework between the two countries.
Ownership structure
- Egyptian side: Cairo Governorate and Madinet Masr for Housing and Development (MMHD)
- Kuwaiti side: Kuwait Investment Authority (KIA)
EKRED stands apart from most developers operating in the Egyptian real estate market. The company owns a wide portfolio of residential and tourism projects, along with a substantial land bank across Egypt's most active investment zones, including New Cairo, Sheikh Zayed, and the North Coast.
What sets EKRED apart from typical developers is "build then sell model": the company constructs its projects before launching them for sale. This signals strong financial standing, since EKRED does not rely on buyer cash flow to fund construction. Instead, it covers the full build cost of each project from its own capital before opening sales, a rare position in the Egyptian market.
EKRED projects portfolio
- Tiba Mall — Nasr City
- Tiba 2000 Administrative Building — Nasr City
- Tiba Compound — Fifth Settlement (New Cairo)
- Tiba Compound — New Heliopolis
- Tiba Administrative Building — Smart Village
- Compound Noble New Cairo
Egyptian Kuwaiti Real Estate Development Landbank
- 300+ feddans in Sheikh Zayed City in partnership with Palm Hills
- 200+ feddans on the Sokhna road, next to the amusement park and facing District 5 by Marakez
- 250+ feddans in Ras El Hekma, North Coast, next to Mazarine Bay
