Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI) for mixed-use projects in Egypt worth an estimated $500m. The deal covers about 500 feddans in strategic locations. Construction is scheduled to start in 2027.
The signing ceremony took place in Cairo in the presence of Hamad Obaid Al Zaabi, alongside ministers, ambassadors, business leaders, and investors from both countries. Abdel Hadi Higazi, Chairperson of Delta Capital for Urban Development, and Badr Fares Al Hilali, Chairperson of EGRI, signed the agreement, with senior executives from both sides attending.
Higazi said the partnership marks a new phase of urban expansion targeting high-potential areas beyond traditional development zones, reinforcing Delta Capital’s position as a leading developer in the Delta region. He added that cooperation with a UAE-based partner reflects strong investor confidence in the Egyptian economy and aligns with the company’s strategy to deliver differentiated, value-added real estate products.
Al Hilali noted that EGRI’s investment in Egypt is underpinned by confidence in the country’s growth prospects, particularly in large-scale urban developments in governorates outside major metropolitan areas. The projects will be supported by the engineering expertise of YBA, appointed as lead consultant to deliver innovative architectural designs aligned with global standards.
Founded in 2015, Delta Capital has developed three major projects along the Mediterranean Delta coast spanning 120 feddans. Two of these projects are operational, comprising around 4,000 residential units, while the third is under development. The company is also developing the Isla project in New Mansoura, in partnership with Nations of Sky, covering 334 feddans, with its first phase recording EGP 15bn in sales in 2025. EGRI is part of NCE Group, founded in 1981 by Badr Fares Hilal Al Hilali and headquartered in Abu Dhabi.