Founded in 1997, Al Marasem International for Urban Development has been operating in Egypt for 28 years, drawing upon over 90 years of regional expertise. The company’s continued success in the Egyptian market is driven by two core sectors: construction and real estate development.
To support its operations, Al Marasem established six specialized subsidiaries:
– ICPM (the company’s industrial arm)
– Al Marasem Trading Company
– Fifth Square Compound Management Company
– Marota Hotels Management (in partnership with Rotana)
– Al Marasem Asset Management
– Specialized Construction Company
The Al Marasem Group employs 4,560 professionals, including engineers, technicians, and administrative staff. Indirect employment significantly exceeds this figure. The group’s subsidiaries plan to invest EGP 2 billion in their respective projects during 2025.
Fifth Square: A Flagship Residential Development
Al Marasem entered the real estate development sector in 2017 with the launch of its flagship project, Fifth Square, in the heart of New Cairo’s Fifth Settlement. Spanning 158 feddans, the project comprises a fully integrated residential compound featuring:
– 3,200 residential units across 218 apartment buildings
– 171 standalone villas, townhouses, and twin houses
The compound also includes 581 serviced hotel apartments, a commercial mall with 370 retail outlets over a total built-up area of 220,000 square meters, an office building, and a wide range of social and recreational facilities — all designed in line with the latest architectural trends.
Commitment to Quality and Timely Delivery: Al Marasem’s Promise to Its Clients
Upholding its reputation as a trusted real estate developer in Egypt, Al Marasem has prioritized timely delivery through its in-house construction arm. To date, the company has delivered over 2,428 residential units on schedule, as stipulated in customer contracts.
Currently, 1,815 families reside in the compound, reflecting an occupancy rate of nearly 75%. This figure continues to rise due to the company’s successful property management approach, which ensures a comfortable and sustainable living environment. The final phase of residential unit deliveries—comprising 967 units—is scheduled for completion by mid-2026. The second half of 2026 will mark the end of all construction within the compound.
Innovative Financing Mechanisms and a Robust Financial Strategy
The Fifth Square project was financed through banking facilities secured from a consortium of Egyptian banks led by Banque Misr. Thanks to the project’s success, Al Marasem was able to expedite repayment of these facilities—a move aligned with its strategy to enhance financial performance and improve capital management. The company is currently exploring new financing mechanisms, including real estate investment trusts (REITs).
Following the success of Fifth Square, Al Marasem launched two new projects in Egypt’s fastest-growing real estate hubs, expanding its land portfolio to nearly 1,000 feddans:
– Mar Ville, in New Sheikh Zayed City (111 feddans), launched in late 2023
– Mar Bay, in Ras El Hekma (640 feddans), launched in summer 2024
Since its inception, Al Marasem International has contributed to numerous national development projects across Egypt in sectors such as aviation, housing, education, hospitality, retail, healthcare, and entertainment. Its track record in both construction and real estate development reflects a longstanding and ongoing commitment to supporting Egypt’s broader development goals.
