Latest news with #SaudiEgyptianDevelopers
Zawya
03-03-2025
- Business
- Zawya
Egypt's SED to launch residential project in Sixth Settlement
Saudi Egyptian Developers (SED), a state-backed joint venture between Egypt's Ministry of Housing, Utilities, and Urban Communities and Saudi Arabia's Ministry of Finance, is planning to launch a new residential project in Sixth Settlement, according to CEO Mohamed El-Taher. Speaking to Zawya Projects, El-Taher said SED has acquired 105 acres to develop a mixed-use community comprising apartments and villas, with anticipated sales of 70 billion Egyptian pounds ($1.4 billion). The company is also evaluating entry into the Saudi market for potential investments, aligning with its regional expansion strategy. SED recently inaugurated the 256-key Hilton Cairo Nile Maadi hotel, part of its 9,600 sqm Nile Pearl mixed-use development in the Maadi district of capital city Cairo. The EGP 6 billion ($119 million) five-star hotel occupies one of the two 22-storey towers of Nile Pearl, with the second tower housing 190 residential units. The project was executed by SIAC Construction (main contractor) and EHAF Consulting Engineers (main consultant). Hill International served as project manager, with Pino Meroni handling fit-out and Siemens providing building automation. In December 2024, SED delivered the first phase of its EGP 8.7 billion ($172 million) Bleu Vert residential project in the New Administrative Capital (NAC). The 70-acre development features 1,398 residential units, including villas, twin houses, townhouses, and apartments. The first phase included 300 apartments and 104 villas. (1 US Dollar = 50.64 Egyptian Pounds) (Reporting by Eman Hamed; Editing by Anoop Menon) (
Zawya
17-02-2025
- Business
- Zawya
Saudi Egyptian Developers launches Hilton Cairo Nile Maadi
Egypt - Saudi Egyptian Developers (SED) has officially opened Hilton Cairo Nile Maadi, a landmark addition to the Nile Pearl project. Situated along the banks of the Nile in the heart of Maadi, this architectural masterpiece embodies elegance and sophistication. With an investment exceeding EGP 6bn, the project strengthens Egypt's position as a premier global tourism destination while showcasing SED's commitment to world-class real estate development. Spanning 9,600 sqm, Nile Pearl is a luxury mixed-use development featuring two iconic towers. One houses a high-end residential complex with 190 upscale units of varying sizes, while the other is a five-star hotel managed by Hilton Global Hospitality. The hotel offers 256 elegantly designed rooms and suites, all boasting panoramic views of the Nile. Mohamed Al-Taher, CEO of Saudi Egyptian Developers, emphasized that the inauguration of Hilton Cairo Nile Maadi and the handover of residential units in Nile Pearl mark a defining moment in the company's journey. He highlighted the project's significance in strengthening SED's contribution to the Egyptian real estate sector while playing a crucial role in enhancing tourism and attracting visitors worldwide. Al-Taher noted that the development aligns seamlessly with Egypt's Vision 2030, which aims to attract 30 million tourists annually. Haitham Nassar, General Manager of Hilton Nile Maadi, expressed pride in partnering with Saudi Egyptian Developers to introduce this prestigious addition to the Hilton brand. The success of Nile Pearl is the result of a strategic collaboration with leading industry entities, including SIAC Construction, Hill International, EHAF Consulting Engineers, Siemens, and Pino Meroni. Their expertise was pivotal in shaping this architectural marvel, with more than 2,000 workers dedicating over 90,000 hours to its completion. Located near some of Egypt's most renowned landmarks, including the Pyramids and the Grand Egyptian Museum, Hilton Cairo Nile Maadi offers an exceptional hospitality experience with seamless access to key transportation routes. The 22-floor hotel is designed to deliver unparalleled luxury, with rooms and suites featuring breathtaking panoramic views of the Nile. Saudi Egyptian Developers, founded in 1975 as a joint venture between the Egyptian government—represented by the Ministry of Housing, Utilities, and Urban Communities—and the Saudi government, through the Ministry of Finance, has been at the forefront of Egypt's real estate sector for nearly five decades. The company has consistently delivered pioneering projects that redefine luxury living and investment opportunities. SED's financial performance has been remarkable, with profits surging from EGP 25m in 2017 to EGP 500m in 2023, reflecting its sustained growth and strategic vision.
Daily News Egypt
16-02-2025
- Business
- Daily News Egypt
Saudi Egyptian Developers launches Hilton Cairo Nile Maadi with EGP 6bn investment
Saudi Egyptian Developers (SED) has officially opened Hilton Cairo Nile Maadi, a landmark addition to the Nile Pearl project. Situated along the banks of the Nile in the heart of Maadi, this architectural masterpiece embodies elegance and sophistication. With an investment exceeding EGP 6bn, the project strengthens Egypt's position as a premier global tourism destination while showcasing SED's commitment to world-class real estate development. Spanning 9,600 sqm, Nile Pearl is a luxury mixed-use development featuring two iconic towers. One houses a high-end residential complex with 190 upscale units of varying sizes, while the other is a five-star hotel managed by Hilton Global Hospitality. The hotel offers 256 elegantly designed rooms and suites, all boasting panoramic views of the Nile. Mohamed Al-Taher, CEO of Saudi Egyptian Developers, emphasized that the inauguration of Hilton Cairo Nile Maadi and the handover of residential units in Nile Pearl mark a defining moment in the company's journey. He highlighted the project's significance in strengthening SED's contribution to the Egyptian real estate sector while playing a crucial role in enhancing tourism and attracting visitors worldwide. Al-Taher noted that the development aligns seamlessly with Egypt's Vision 2030, which aims to attract 30 million tourists annually. Haitham Nassar, General Manager of Hilton Nile Maadi, expressed pride in partnering with Saudi Egyptian Developers to introduce this prestigious addition to the Hilton brand. The success of Nile Pearl is the result of a strategic collaboration with leading industry entities, including SIAC Construction, Hill International, EHAF Consulting Engineers, Siemens, and Pino Meroni. Their expertise was pivotal in shaping this architectural marvel, with more than 2,000 workers dedicating over 90,000 hours to its completion. Located near some of Egypt's most renowned landmarks, including the Pyramids and the Grand Egyptian Museum, Hilton Cairo Nile Maadi offers an exceptional hospitality experience with seamless access to key transportation routes. The 22-floor hotel is designed to deliver unparalleled luxury, with rooms and suites featuring breathtaking panoramic views of the Nile. Saudi Egyptian Developers, founded in 1975 as a joint venture between the Egyptian government—represented by the Ministry of Housing, Utilities, and Urban Communities—and the Saudi government, through the Ministry of Finance, has been at the forefront of Egypt's real estate sector for nearly five decades. The company has consistently delivered pioneering projects that redefine luxury living and investment opportunities. SED's financial performance has been remarkable, with profits surging from EGP 25m in 2017 to EGP 500m in 2023, reflecting its sustained growth and strategic vision.
Zawya
13-02-2025
- Business
- Zawya
Saudi Egyptian Developers unveils ‘Hilton Cairo Nile Maadi' within its iconic Nile Pearl Project, with investments exceeding EGP6bln
Cairo – Saudi Egyptian Developers (SED) proudly announces the official opening of Hilton Cairo Nile Maadi, a landmark addition to its prestigious Nile Pearl project. This architectural masterpiece, situated along the banks of the Nile in the heart of Maadi, stands as a symbol of elegance and sophistication. With investments surpassing EGP 6 billion, the project reaffirms Egypt's position as a premier global tourism destination while underscoring SED's dedication to world-class real estate development. Spanning 9,600 square meters, Nile Pearl is a meticulously designed mixed-use development that blends luxury and comfort. The project comprises two iconic towers: a high-end residential tower featuring 190 units of varying sizes to accommodate diverse lifestyles and a five-star hotel managed by Hilton Global Hospitality, offering 256 exquisitely designed rooms and suites. Boasting panoramic views of the Nile, the hotel and residences reflect a sophisticated aesthetic that merges modernity with timeless luxury. Guests and residents can indulge in an array of premium amenities, including a state-of-the-art spa, an infinity pool, and a selection of fine dining experiences. Eng. Mohamed Al-Taher, CEO of Saudi Egyptian Developers, expressed his pride in this achievement, stating: 'The inauguration of Hilton Cairo Nile Maadi and the handover of residential units in Nile Pearl mark a defining moment in our journey. This project strengthens our contribution to the Egyptian real estate sector and plays a crucial role in enhancing tourism and attracting visitors worldwide. It aligns seamlessly with Egypt's Vision 2030, which aspires to welcome 30 million tourists annually.' He further emphasized: 'Nile Pearl is a pioneering development, offering an unmatched standard of luxury along the Nile. Our collaboration with Hilton Global Hospitality has been instrumental in bringing this vision to life, ensuring that every aspect of the project meets the highest international standards.' Haitham Nassar, the General Manager of Hilton Nile Maadi, stated, "We are proud to partner with the Saudi Egyptian Developers Company to announce the opening of the latest hospitality facility bearing the prestigious Hilton brand, Hilton Nile Maadi. We invite visitors to experience the reliable services we offer with warm hospitality and enjoy the modern amenities, exceptional dining options, and breathtaking views. We look forward to welcoming guests for an unforgettable stay at our distinguished hotel and for them to experience all the amazing options the city has to offer." The success of Nile Pearl is the result of a collaborative effort among some of the industry's most renowned entities, including SIAC Construction, Hill International, EHAF Consulting Engineers, Siemens, and Pino Meroni. Their expertise was pivotal in shaping this architectural marvel. More than 2,000 workers dedicated over 90,000 hours to bringing this extraordinary development to fruition, highlighting the immense dedication behind the project. Nile Pearl Strategically positioned near Egypt's most renowned landmarks—including the Pyramids and the Grand Egyptian Museum—Hilton Cairo Nile Maadi enjoys a prime location with seamless access to key transportation routes. The 22-floor hotel offers elegantly designed rooms and suites, each boasting breathtaking panoramic views of the Nile. Designed with cutting-edge technology, the hotel features advanced entrance systems and high-speed elevators, ensuring its guests' utmost comfort and convenience. Saudi Egyptian developers Founded in 1975 as a joint venture between the Egyptian government—represented by the Ministry of Housing, Utilities, and Urban Communities—and the Saudi government, through the Ministry of Finance, Saudi Egyptian Developers (SED) has remained at the forefront of Egypt's real estate sector for nearly five decades. The company has consistently delivered pioneering projects that redefine luxury living and investment opportunities. SED's financial success has been remarkable, with profits soaring from EGP 25 million in 2017 to an impressive half a billion EGP by the end of 2023. This exponential growth is a testament to the company's visionary leadership, strategic planning, and unwavering commitment to innovation and sustainability.
