The Ark Development was founded by several groups with extensive and diverse experience in real estate, construction, technologies, pharmaceuticals, hospitality industry, and car-building.
It has recently announced the start of operations in the Egyptian real estate market. The company is going to invest up to EGP 30 billion in the first project that will sprawl across 386,400 sq m in a prime location in the Fifth Settlement, Cairo. This is a comprehensive development project that will include commercial spaces, a residential block, a cultural and educational center, a central park, and hotels.
The Ark Development will be primarily involved in building such integrated, mixed-use projects with residential, administrative, commercial, and tourism buildings in the most important locations to offer a unique experience to the buyers and create a comprehensive environment combining high-quality design with proximity to nature and services satisfying all requests.
Osama Abu Alam, CEO at The Ark Development, believes that the Egyptian real estate market, which is growing at rapid rates and experiencing a construction boom, is full of promising opportunities. The company has conducted multiple studies to determine the needs and wants of Egyptian customers, so it is now ready to create innovative projects that meet international specifications.