The MarQ Communities celebrates the handover of the first batch of residential units at The MarQ Gardens in New Cairo
Amr Badr: We plan to expand residential communities and commercial destinations to drive sector growth and create new investment opportunities
Cairo – In line with its commitment to delivering its projects and turning its vision into reality, The MarQ Communities, a leading developer of upscale residential communities and commercial destinations, has announced the handover of the first batch of residential units at its flagship project, 'The MarQ Gardens', located in New Cairo. This milestone reaffirms the company's commitment to redefining premium residential communities by upholding the highest quality standards, thereby contributing to the growth of Egypt's real estate sector.
'We are celebrating the handover of the first batch of residential units at The MarQ Gardens, marking a significant step towards realizing our vision of developing sophisticated and innovative residential communities in the Egyptian market. We are committed to accelerating our construction progress to ensure timely deliveries while meeting the evolving needs of the local market.' Remarked Eng. Amr Badr, Chairman and CEO of The MarQ Communities during the press conference.
Badr also announced the company's plan to commence the delivery of all units at its residential community, 'The Water MarQ' , this year while outlining its future expansion strategy in both residential communities and commercial destinations, which will further drive economic growth within the real estate sector. He stated, 'We are injecting EGP 8 billion this year to expedite construction across our existing projects and new residential and commercial ventures, fostering economic momentum.' He emphasized that these expansions will play a crucial role in bolstering the real estate sector's growth in Egypt by creating more investment opportunities and enhancing the market's ability to cater to both individuals and businesses.
'In addition to our commercial project 'Marquette' in Mostakbal City, we are planning to launch a new commercial destination in New Cairo this year, characterized by distinctive design and contemporary appeal. This destination will be a valuable addition to Egypt's commercial sector, offering a fully integrated environment that combines business, shopping, and leisure to provide an exceptional experience that aligns with customer expectations and market demands. 'He added.
Meanwhile, Eng. Mostafa El Assal, Deputy CEO and Board Member of The MarQ Communities revealed 'We are targeting EGP 25 billion in sales in 2025 as part of our expansion strategy to strengthen our growth and solidify our position in Egypt's real estate market.' He also stated, 'We've achieved EGP 6 billion in sales in 2024, reflecting significant progress and sustainable growth, underscoring the effectiveness of our strategic vision'. He further highlighted that the company's investments in construction serve as a cornerstone for its ambitious plans, encompassing the development of integrated residential communities and commercial destinations that cater to the increasing demand for high-quality units while contributing to the enhancement of Egypt's urban landscape.
For his part, Eng. Omar Lasheen, Deputy CEO and Board Member of The MarQ Communities announced that the company will deliver all residential units within the The MarQ Gardens this year. He stated, 'This milestone embodies our vision of developing fully integrated residential communities that blend luxury with innovation. The project was designed to be more than just a residential development; it offers a unique living experience that aligns with the evolving needs of individuals. With its modern and sustainable design, vast green spaces, and a healthy environment, the project ensures a lifestyle immersed in nature. The diverse range of unit sizes and layouts allows customers to choose what best suits their needs, making it an ideal destination for those seeking a balanced and contemporary way of living.'
Spanning 26 acres in New Cairo, The MarQ Gardens is one of the company's landmark projects, featuring over 300 exquisitely designed villas of varying sizes to accommodate the diverse preferences of customers. The project boasts stunning views of gardens and open spaces surrounding the units, adding a sense of tranquility to the residential environment.
The MarQ Gardens is distinguished by its expansive green spaces, which constitute 60% of the project's total area, fostering a sustainable and healthy lifestyle for residents. The project also offers a wide range of essential services catering to daily needs, alongside premium on-demand hospitality services to ensure residents' utmost comfort.
About The MarQ Communities:
The MarQ Communities was established in 2019 and has rapidly asserted its leadership in the Egyptian real estate market by introducing exceptional residential communities and commercial destinations in East Cairo to inspire clients and experience life exquisitely. The company boasts a land portfolio of 1,300 acres, spanning four residential projects: The MarQ Gardens, The WaterMarQ, The MarQVille, and The WonderMarQ, in addition to its commercial destination, Marquette.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fintech News ME
3 days ago
- Fintech News ME
Egypt Launches Standardised Reporting Framework for Startups and Investors
Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA), backed by World Bank, has collaborated with several venture capital firms and the US-based platform to introduce a standardised portfolio reporting framework for startups and investors across the country. Led by Foundation Ventures, the initiative includes participation from Algebra Ventures, Sawari Ventures, Shorooq Partners, Endure Capital, Camel Ventures, DenVC, LoftyInc Capital, DisrupTech Ventures, and the Climate Resilient Africa Fund. The aim is to establish common metrics, reporting timelines, and formats, addressing the longstanding issue of inconsistent data practices within Egypt's startup ecosystem. Although Egypt's startup scene has expanded significantly in recent years, inconsistent reporting standards remain a key challenge. Startups frequently contend with producing varied reports to meet different investor requirements, while venture capital firms face difficulties in assessing portfolio performance due to the absence of unified benchmarks. The initiative seeks to simplify reporting processes for both general partners (GPs) and portfolio companies through a centralised data platform designed to enhance transparency, reliability, and operational efficiency. 'We are excited about enhancing Egypt's investment attractiveness by providing the necessary transparency to encourage foreign direct investment,' said Mazen Nadim, Managing Partner at Foundation Ventures. Following a competitive selection process, was chosen to develop and operate the platform. The company is working in partnership with Egyptian GPs to tailor the system to local requirements and workflows. The platform is expected to be fully implemented by the end of the second quarter of 2025, with the first comprehensive ecosystem report anticipated by mid-2026. By introducing a unified reporting framework, the effort is expected to ease administrative burdens for startups, provide greater clarity for investors, and strengthen Egypt's position as a destination for regional and international venture capital.
Fintech News ME
3 days ago
- Fintech News ME
Egypt Founder Leads Limited to $7M Raise for Global Stablecoin Banking Expansion
Limited, a US-based next-generation fintech startup offering stablecoin-based global banking services with self-custody, has secured US$7 million in a seed funding round. The round was led by North Island Ventures, with additional participation from existing backers Third Prime and Arche Capital, as well as new investors Collab+Currency and SevenX Ventures. This brings the company's total funding to US$10 million since its founding in 2024. Founded by Hussein Ahmed, an Egyptian entrepreneur, Limited has developed a banking and payments platform that integrates the security of self-custody stablecoins with the functionality of traditional banking services. Available on iOS, Android, and web, the platform is accessible in 176 countries and enables users, both individuals and businesses, to access global payment systems while retaining full control of their funds via self-custody wallets. The platform also includes tiered Visa and Mastercard offerings and cross-border payment tools that support over 300 local payment methods in more than 80 currencies. 'With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we've created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use,' said Ahmed. 'This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, where demand for borderless financial services is strongest.' Unlike earlier fintech models that largely built on existing financial infrastructure, Limited offers a platform designed from the ground up, merging usability with enterprise-grade security. The company aims to meet the growing demand for more secure, globally accessible financial tools, especially in emerging markets where traditional banking services may fall short.
Fintech News ME
4 days ago
- Fintech News ME
MENA Startups Raise $289M in May as Egypt Leads Recovery
The startup ecosystem in MENA experienced renewed momentum in May 2025, securing a total of US$289 million across 44 deals. This reflects a 25% increase compared to April and a modest 2% rise year-on-year. Debt financing accounted for only 9% of the total investment, with the bulk of capital directed towards equity deals. Egypt regained its position as the region's leading recipient of funding, largely thanks to Nawy 's notable US$75 million round. According to Wamda, seven other Egyptian startups collectively raised US$50 million, marking activity levels not seen since July of the previous year. The UAE followed with US$86.7 million raised across 14 deals, while Saudi Arabia trailed closely behind with US$69 million from 15 deals. Meanwhile, Kuwait made a rare appearance on the investment radar, with two startups securing a combined US$6 million, positioning the often-overlooked GCC nation in fourth place. AI remained a hot topic in the Gulf, especially following a high-profile visit by US President Trump and prominent Silicon Valley AI executives. The diplomatic event prompted both Saudi Arabia and the UAE to announce major plans to enhance their local AI ecosystems. However, despite the political attention and media excitement, investment in AI startups fell short of expectations. The sector drew only US$25 million across two deals, underscoring the disconnect between the narrative and actual funding activity. Fintech continued to lead in sectoral funding, attracting US$86.5 million through 14 rounds. Proptech followed closely, buoyed by Nawy's large raise, while mediatech companies brought in a total of US$32 million from two deals. Construction technology also made a notable contribution, with WakeCap raising US$28 million. There was a marked absence of late-stage funding activity in May. Just one pre-Series C round was recorded, amounting to US$12 million. Early-stage investments dominated, accounting for US$161 million of the total capital raised. Investor preference continued to lean towards business-to-business (B2B) models. B2B startups attracted US$157 million across 29 deals, while hybrid B2B/B2C companies brought in US$79 million. In contrast, business-to-consumer (B2C) startups received significantly less attention, with nine companies raising a combined US$53 million. The gender gap in startup funding remained pronounced. Startups founded exclusively by men secured 82% of the total capital. Female-founded ventures garnered just 7%, while teams comprising both male and female founders attracted nearly 11%.
