TOREC DEVELOPMENTS is expanding its project portfolio in the Egyptian market and is preparing to launch new developments in West Cairo and the Sixth Settlement

The company has become one of the fastest-growing real estate developers in the Egyptian market within a remarkably short period.

company is committed to carefully selecting prime locations to deliver developments that create added value to the market and align with the expertise of its founders and shareholders.

The company has opened an office in New Alamein to support the marketing and operation of projects developed by the New Urban Communities Authority.

More than 85%  of the T Pearl compound in New Sheikh Zayed has been completed, while construction of Mall T Square has reached 90%

TOREC Developments, an affiliate of the New Urban Communities Authority, continues to expand rapidly in the Egyptian market while delivering strong performance across real estate development and the management, marketing, and operation of assets owned by the Authority.

The company is preparing to launch three new developments in West and East Cairo as part of its strategy to accelerate expansion in the Egyptian market.

Expanding Portfolio

Eng. Mohamed Anwar, Chief Executive Officer of TOREC Developments, said the company has acquired two land plots in the Green Belt area of West Cairo, as well as a land plot in the Sixth Settlement, marking its first expansion into East Cairo. He added that further details of these developments will be announced soon.

Anwar noted that the company remains committed to carefully selecting prime locations for its developments in order to deliver projects that create meaningful added value for the real estate market and align with the expertise and track record of its founders and shareholders.

He added that TOREC Developments has achieved remarkable growth in the Egyptian market within a relatively short period, establishing itself as one of the country’s fastest-growing real estate developers.

The company’s expansion plans are progressing in parallel with the achievement of advanced construction milestones across its developments in West Cairo, including the T Pearl compound in New Sheikh Zayed, where more than 85% of the project has already been completed.

The T Pearl compound spans 11 feddans and enjoys a strategic location just 100 metres from the Dahshur Link Road, offering residents both accessibility and privacy. 

The development comprises 21 buildings and 62 units and is an exclusively villa-based community featuring a range of residential products, including standalone villas, townhouses, twin houses, and duplexes. 

The project also includes a dedicated commercial area designed to provide residents with a comprehensive range of amenities and services.

Anwar added: “TOREC Developments has also completed 90% of T Square Mall in Sheikh Zayed. 

The development is built on a 2400  sq m plot and comprises a ground floor and three upper floors. It features retail units of varying sizes starting from 30 sq m, with each floor spanning approximately 900 sq m, while the total leasable area exceeds 4000 sq m.”

TOREC is also developing the Steps project in West Cairo, an integrated administrative development in which more than 20% of construction work has already been completed.

New Alamein

TOREC Developments has opened a new office on Boulevard Road within the Mazarine compound in New Alamein, in line with the directives of Eng. Randa El-Menshawy, Minister of Housing, Utilities and Urban Communities.

The move forms part of efforts to support the operational strategy of New Alamein City, enhance service standards, and achieve the highest levels of customer satisfaction.

TOREC delivered a strong sales performance on behalf of the New Urban Communities Authority during the 2025 summer season across developments in New Alamein and the North Coast.

TOREC was established in 2015 under the name Al-Tameer for Real Estate Development – Al Oula, with a shareholder structure comprising New Urban Communities Authority, Al Oula Mortgage Finance Company, MIDBANK, the Holding Company for Investment & Development, Misr Insurance, and Misr Life Insurance. 

The company was founded with a capital of EGP 5million, which was subsequently increased to EGP 50 million within a short period and later raised to EGP 124 million in 2018.

At the beginning of 2021 , the company entered a new phase of expansion in the Egyptian market, diversifying its business activities to include real estate development alongside the marketing and management of projects developed by New Urban Communities Authority.

In August 2021, as part of its expansion and growth strategy, the company appointed a new executive management team, with Eng. Mohamed Anwar Helal named Chief Executive Officer. 

At the same time, New Urban Communities Authority increased its stake in the company to approximately 67% of total share capital, while the company’s capital was subsequently raised to EGP 500 million in 2022.