Doja Developments announced its entry into the Libyan market through the acquisition of two strategic land plots in Benghazi, in partnership with Emaar Libya Holding.
This expansion follows the company’s launch of its first project in the Omani market, reflecting a broader strategy to build a regional presence based on well-studied foundations and effective strategic partnerships.
Mahmoud Adel, Chairman of Doja Developments, stated that this move reflects a broader strategic vision that seeks to balance international expansion with reinforcing investments in the Egyptian market.
He said that the company is pursuing a well-defined plan aimed at market diversification while maintaining a strong and sustained presence in its home market.
Adel added that the entry into the Libyan market came after a series of in-depth studies conducted by the company to better understand market dynamics, assess demand, and evaluate available investment opportunities. This analysis led to the selection of Benghazi as a starting point, given its strong growth potential and promising prospects in the real estate sector.
He explained that the partnership with Emaar Libya Holding represents a key pillar of the company’s expansion strategy in Libya.
Doja Developments relies on collaboration with a strong local entity that brings extensive market expertise, helping to accelerate expansion, reduce operational risks, and ensure the delivery of a real estate product aligned with the requirements of the Libyan market, Adel noted.
The company’s chairman pointed out that Doja Developments aims, through this expansion, to transfer its expertise in developing integrated urban communities to international markets, while maintaining the same standards of quality and innovation that distinguish its projects in Egypt.
He also disclosed that the company is currently exploring new opportunities in several other regional markets as part of a carefully structured expansion plan.
“The entry into the Libyan market comes after the company’s expansion into Oman, reflecting a clear strategic vision to establish a presence across promising regional markets through a well-studied approach aimed at geographically diversifying its investment portfolio,” Adel said. “This sequential expansion reflects the company’s reliance on a growth model based on thorough market research before entry, ensuring maximum returns while minimizing risks.”
He concluded that both the Omani and Libyan markets were selected after comprehensive analysis of available opportunities and demand for integrated real estate products, reinforcing the company’s position as a regional developer capable of competing and delivering real value across the markets in which it operates.
