The Egyptian Kuwaiti Real Estate Development Company has signed a strategic partnership agreement with Grova West, a subsidiary of Hassan Allam Holding Group, to develop a major real estate project in West Cairo. The development will cover a 295-feddan land parcel, equivalent to 1.3 million square meters, situated in the eastern expansion area of 6th of October City within Sheikh Zayed City. Targeted investments for the mixed-use development are expected to exceed EGP 250 billion.

Under the terms of the agreement, Grova West will assume responsibility for the construction, management and ongoing operation of the site. The Egyptian Kuwaiti Real Estate Development Company owns the land bank and is using this venture to accelerate its portfolio development under a new executive management team. The project aligns with national urban development plans and aims to deliver an integrated urban community that responds to modern market demands.

The upcoming development will feature a diverse selection of residential units, including both villas and apartments, with apartments comprising the majority of the housing supply. Additionally, the master plan incorporates comprehensive commercial, administrative, medical and entertainment facilities to create a fully self-sustained destination. Hassan Allam Holding will leverage its nine decades of industry experience to oversee the delivery and long-term value of the community.

Yousry Selim, Chief Executive Officer and Managing Director of the Egyptian Kuwaiti Real Estate Development, said the company remains committed to partnering with leading developers to maximise the value of its strategically located land assets, generate strong investment returns, and contribute to sustainable urban development.

He added that the partnership complements the company’s ongoing efforts to advance its existing projects and optimise the utilisation of its land bank.

According to Selim, Grova West will undertake the development of the land owned by the Egyptian Kuwaiti Real Estate Development Company, delivering an integrated urban community designed to meet modern living requirements and evolving market demand.

In addition to development responsibilities, Grova West will oversee the management and operation of the project, ensuring the delivery of a sustainable and efficiently managed community, Selim said.

The partnership contract was formalised by key representatives from both entities. The Egyptian Kuwaiti Real Estate Development Company was represented by Major General Amir Sayed Ahmed, Chairman of the Board of Directors, alongside Major General Yousri Hassan Zaki, who serves as CEO and Managing Director. The project marks the latest expansion for Grova Developments, following its recent launch of the Grova EastHills project in East Cairo.