A real estate development firm in Egypt that specializes in high-end properties is called Magnom Development Egypt. As a joint venture between Rawabi Holding Group and Magnom Holding in Saudi Arabia, Magnom Properties wants to be the go-to developer in the area for a privileged group of people and high-net-worth individuals. With the partners’ collective historical resources and expertise in real estate, shopping centers, retail, hotels, leisure, and mining, Magnom Development Egypt is well-positioned to create new lifestyles that prioritize sustainability, heritage, and design.
Magnom Development Egypt’s commitment to sustainable development is evident in its partnership with UNICEF to achieve the Sustainable Development Goals (SDG) and help children survive, thrive, and fulfill their potential. The company has also partnered with Forbes to build a new zero-carbon commercial tower in Cairo that will elevate standards of green design and push the boundaries of modern architecture. Magnom Development Egypt’s ISO 9001, ISO 14001, and ISO 45001 certifications demonstrate its commitment to quality, environmental management, and occupational health and safety.
Magnom Development Egypt’s portfolio includes residential, commercial, and mixed-use projects that cater to a discerning clientele. Its projects feature innovative design, state-of-the-art amenities, and premium finishes. Magnom Development Egypt’s focus on heritage and sustainability sets it apart in Egypt’s crowded real estate market. Magnom Development Egypt is a trusted partner for investors and buyers looking for premium real estate in Egypt. It has a strong track record of delivering high-quality projects on time and within budget.
Company Overview
Magnom Properties
Magnom Development Egypt is a subsidiary of the Saudi Rawabi Holding Group. It was established in 2021 to bring modern and innovative real estate concepts to the Egyptian market. Magnom Properties is a joint stock real estate development company between the shareholders of Magnom Holding and Rawabi Holding. Its first project is a high-rise tower (G+40) in the Central Business District of the New Administrative Capital.
The tower was designed by the world-famous architect Adrian Smith and his world-class AS+GG team. It is a landmark in the New Administrative Capital and is expected to be completed by 2024. Magnom Properties aims to provide high-quality, sustainable, and affordable housing solutions to the Egyptian market.
Maged Marie, CEO
Maged Marie is the CEO of Magnom Development Egypt. He is a seasoned expert with a wealth of real estate sector knowledge. Before joining Magnom, he held key positions in some of Egypt’s top real estate enterprises. Maged Marie has an MBA from the University of Chicago Booth School of Business and is a graduate of the American University in Cairo.
Under the leadership of Maged Marie, Magnom Development Egypt has rapidly established itself as a significant player in the Egyptian real estate market. The company has ambitious plans for the future, and it aims to become one of the leading real estate developers in the region.
Magnom Development Egypt is a subsidiary of the Magnom Holding Group, a leading logistics and marine construction company in the Middle East. The holding group has a proven track record of success, and Forbes has recognized it as one of the top 100 companies in the Middle East. Rawabi Holding, the parent company of Magnum Properties, is also a well-respected conglomerate with a diverse portfolio of businesses in the Middle East.
Strategic Partnerships and Collaborations
Forbes Global Properties Partnership
Magnom Development Egypt is committed to sustainability and environmental stewardship in the real estate industry. As part of this commitment, Magnom has partnered with Forbes Global Properties to pursue a zero-carbon strategy in constructing a new commercial tower in Cairo, Egypt.
This partnership marks the first time Forbes has branded a commercial tower, solidifying Magnom’s commitment to long-term sustainability goals. The building, designed by Adrian Smith + Gordon Gill Architecture, will push the boundaries of modern construction and elevate standards of green design.
Aligned with the Sustainable Development Goals, this innovative partnership demonstrates Magnom’s dedication to environmental responsibility and showcases the company’s ability to collaborate with global real estate industry leaders.
Adrian Smith + Gordon Gill Architecture Collaboration
Magnom Development Egypt has collaborated with Adrian Smith + Gordon Gill Architecture to design a new zero-carbon commercial tower in Cairo, Egypt. The tower, part of Magnom’s commitment to long-term sustainability goals, will push the boundaries of modern construction and elevate standards of green design.
The construction industry’s slow adaptation and the lack of standardization in low-carbon practices add complexity to the project. However, through strategic partnerships and meticulous planning, Magnom is committed to environmental stewardship in the real estate industry.
This collaboration with Adrian Smith + Gordon Gill Architecture demonstrates Magnom’s ability to work with global leaders in the industry to create innovative, sustainable, and investment-worthy projects.
Major Projects and Developments
New Administrative Capital Initiatives
Magnom Development Egypt has been actively developing the New Administrative Capital, a new city built east of Cairo. The company has been working on several initiatives, including constructing the Forbes International Tower. This tower will become one of the region’s most innovative and environmentally responsive buildings. It will be located in the heart of the Central Business District and offer world-class office spaces and amenities.
The construction of opulent residential buildings in the New Administrative Capital is another undertaking by Magnom Development Egypt. With cutting-edge features and services, these apartments are intended to provide tenants with a distinctive living environment. The corporation is also building entertainment centers and retail stores in the region.
Cairo Urban Development
Magnom Development Egypt is also involved in developing urban areas in Cairo. One of the significant projects the company is working on is the construction of a new shopping mall in the city. The mall will be designed to offer visitors a unique shopping experience with many local and international brands.
In addition to the shopping mall, Magnom Development Egypt is also working on constructing luxury residential units in Cairo. These units will be located in prime city locations and offer residents world-class amenities and facilities.
Sustainability and Innovation
Magnom Development Egypt is committed to building a sustainable future through innovative solutions that reduce the environmental impact of its developments. The company’s sustainability strategy concerns two key pillars: a zero-carbon strategy and intelligent and sustainable climate solutions.
Zero-Carbon Strategy
Magnom Development Egypt has partnered with Forbes International Tower to construct a new commercial tower in Cairo as part of its zero-carbon strategy. The building will be designed to the highest standards of green design and incorporate advanced technologies.
Magnom Egypt has committed to powering its developments using renewable energy sources like solar and wind power as part of its zero-carbon agenda. The corporation is investigating the possibility of incorporating this technology into its facilities to reduce energy use and encourage sustainability.
Innovative and Sustainable Climate Solutions
Magnom Development Egypt is also committed to developing intelligent and sustainable climate solutions that reduce the environmental impact of its developments. The company is exploring ways to incorporate green roofs, rainwater harvesting, and other sustainable features into its buildings to reduce water consumption and promote biodiversity.
Furthermore, Magnom Development Egypt is dedicated to utilizing cutting-edge technology, such as intelligent lighting and building automation systems, to lower energy consumption and increase the sustainability of its developments. These tools allow the business to optimize and monitor its energy use, cutting waste and advancing sustainability.
Design and Architecture
Architectural Design Philosophy
Magnom Development Egypt is dedicated to expanding the frontiers of contemporary architecture and building, emphasizing innovation and sustainability. The company’s approach to architectural design is focused on producing structures that are not just visually beautiful but also environmentally conscious and useful.
Magnom Development Egypt partners with world-renowned architects and designers who share their vision and values to achieve this.
Sustainable Engineering Practices
Magnom Development Egypt is committed to sustainable engineering practices. The company focuses on reducing its buildings’ environmental impact. To this end, it employs various strategies, including using renewable energy sources, energy-efficient materials, and biophilic designs.
Magnom Development Egypt’s commitment to sustainable engineering practices is not limited to its commercial projects. The company also incorporates sustainable design principles into its residential developments, focusing on creating energy-efficient and comfortable homes for residents.
Investment and Economic Impact
Market Presence and Growth
Magnom Development Egypt has made significant strides in the Egyptian real estate market since its inception. The company has established a strong market presence and has been growing steadily. Magnom’s partnership with Forbes to build a zero-carbon commercial tower in Cairo is a testament to the company’s commitment to sustainable development. The tower is set to elevate standards of green design and push the boundaries of modern construction.
Contribution to Egypt’s Economy
Investments in the Egyptian real estate sector have benefited Magnom Egypt’s economy. Due to its commitment to sustainable development, the company is a desirable investment choice for those seeking to fund environmentally conscious initiatives that correspond with the Sustainable Development Goals.
Magnum’s partnership with Forbes to build a zero-carbon commercial tower in Cairo is expected to impact the country’s economy positively. The tower is set to create jobs and attract foreign investment, contributing to the country’s Gross Domestic Product (GDP) growth. The real estate sector is a core driver of economic growth and investment of choice in the Middle East. Magnom’s investment in the industry is expected to impact the country’s economy positively.
Corporate Responsibility and Ethics
Corporate Values and Culture
Magnom Development Egypt is committed to upholding the highest corporate responsibility and ethical standards. At the core of the company’s values is a commitment to sustainability and long-term sustainability. This is reflected in the company’s approach to business, which is founded on a culture of transparency, accountability, and ethical behavior.
Community Engagement and Social Responsibility
Magnom Development Egypt is committed to positively impacting the communities in which it operates. The company recognizes that it is responsible for contributing to these communities’ social and economic development. To this end, Magnom Development Egypt has established a comprehensive community engagement and social responsibility program.
The program supports various initiatives, including education, health, and environmental sustainability. Magnom Development Egypt works closely with local stakeholders to identify areas where it can contribute meaningfully. The company also encourages its employees to participate in community projects and initiatives.
Magnom Development Egypt is committed to being a responsible corporate citizen. The company recognizes that its success depends on the well-being of the communities in which it operates. By upholding the highest corporate responsibility and ethics standards, Magnom Development Egypt can build long-term relationships with its stakeholders and contribute to the sustainable development of its communities.
Industry Recognition and Certifications
Awards and Honors
Magnom Development Egypt has been recognized for its excellence in real estate development by several prestigious organizations. In 2022, Forbes partnered with Magnum Properties to develop the Forbes International Tower, which is expected to achieve a Platinum LEED certification. This reflects Magnom Development Egypt’s commitment to sustainable development and green building standards.
Sustainability Certifications
Magnom Development Egypt has been awarded several certifications for its sustainable practices. In 2024, Magnom Holding was awarded ISO 9001, ISO 14001, and ISO 45001 certifications, demonstrating the company’s dedication to continuous improvement, responsible environmental practices, and the well-being of its team. These certifications contribute to the superior products and services that Magnom Development Egypt provides to its clients.
Several organizations and certifications have recognized Magnom Development Egypt’s commitment to sustainability and excellence in real estate development. The company’s dedication to sustainable practices and green building standards ensures its developments are luxurious, opulent, and environmentally responsible.
Technology and Innovation in Real Estate
Intelligent Building Technology
Magnom Development Egypt is a company dedicated to innovation and technology in the real estate industry. It understands that technology is rapidly advancing and that keeping up with these advancements is essential to providing the best possible service to its clients. One method of integrating technology into its real estate developments is intelligent building technology.
Energy Efficiency Solutions
Another way that Magnom Development Egypt is incorporating technology into its real estate projects is by using energy-efficient solutions. These solutions include solar panel rooftop installations and HVAC field devices.
Solar panel rooftop installations allow for generating electricity from renewable sources, reducing the reliance on non-renewable energy sources. This technology can also help reduce energy bills and lower the building’s carbon footprint.
EGYPT MLS
Egypt MLS, under Arab MLS, is a cutting-edge real estate platform for licensed professionals, realtors, and brokers in Egypt. It offers a comprehensive property database for easy searching, comparing, and booking of properties for sale, set to revolutionize the real estate industry in Egypt.
Frequently Asked Questions
What are the flagship projects developed by Magnom Properties?
Magnom Properties has a diverse portfolio of projects across the Middle East, including iconic residential and commercial spaces that incorporate technological advancements and sustainable practices. Some of their flagship projects in Egypt include the Magnom Mall in New Cairo and the Magnom Lake View residential compound in the 6th of October City.
How does Magnom Holding’s portfolio diversify across the Middle East?
Magnom Holding’s portfolio diversifies across the Middle East through its subsidiaries and joint ventures. In addition to its operations in Egypt, Magnom Holding has a strong presence in Saudi Arabia, the UAE, and Bahrain.
What are the latest developments from Magnom in the UAE real estate market?
Magnom Properties has recently announced the launch of its latest project, the Magnom City, in Dubai. The project is a mixed-use development featuring luxury apartments, retail outlets, and hotels.
Who is the leadership team behind Magnom Holding?
Magnom Holding is led by a group of seasoned experts with a history of successfully completing projects in the real estate sector. Mr. Faisal Al-Fadl, the company’s CEO, has more than 20 years of experience in the field. Mr. Ahmed Al-Sharif, the COO, and Mr. Ahmed Al-Ghamdi, the CFO, are two other important members of the leadership team.
What are Magnom Development’s strategic partnerships and collaborations in the region?
Magnom Development has formed strategic partnerships and collaborations with leading regional organizations to support community development and promote sustainable practices. The company has partnered with organizations like UNICEF to support community development initiatives and has collaborated with leading architects and designers to deliver world-class projects.
How does Magnom Properties integrate sustainability into their development projects?
Magnom Properties is committed to promoting sustainable practices in their development projects. The company incorporates sustainable design principles and technologies into its projects, such as energy-efficient lighting and HVAC systems, water conservation measures, and green spaces. Magnom Properties also engages in corporate social responsibility initiatives to support community development and promote sustainable practices in the region.
