Modon Developments has announced the key features of its ambitious investment and construction strategy in the Egyptian real estate market, targeting investments of up to EGP 16.5 billion in the construction of three major projects across East and West Cairo over the next three years.
The strategy forms a key part of the company’s plans to expand its business and strengthen its presence in the Egyptian real estate market.
Ahmed Osama, Executive Director of Modon Developments, said the company’s current project portfolio comprises around 11 strategic developments located across East and West Cairo and the North Coast.
He noted that the company is currently operating at full capacity to accelerate construction and execution rates across its various sites, in preparation for delivering a number of its projects by 2027.
New Administrative Capital: Green River Tower Enters Final Construction Phase
Modon Developments has placed its flagship Green River Tower in the New Administrative Capital at the top of its delivery priorities, targeting the full completion of construction within just eight months.
The project enjoys a prime location directly overlooking the Green River and rises 30 floors, offering an integrated investment mix that includes commercial units, administrative offices, and luxury serviced apartments.
On the financial and construction fronts, the company has invested EGP 1.1 billion in the tower’s ongoing construction works to date, out of the project’s targeted total investment cost of EGP 3.5 billion.
From a sales perspective, the company is adopting a selective and measured approach, having launched and sold only 15% of the tower’s total units so far. The remaining units will be offered for sale after the project’s construction and execution works are fully completed.
Meanwhile, in the New Administrative Capital, the company has already completed and constructed several buildings within The Tower, Modon Mega Tower, and Modon Hotel & Residence, while setting a six-month timeline to complete its other projects in the capital.
New Cairo: Accelerated Construction and Strong Demand for Boutique Village
Construction works across Modon Developments’ projects in Fifth Settlement, East Cairo, are progressing rapidly and ahead of schedule, with actual completion rates exceeding 65% across Boutique Village, Boutique Business Village, and Boutique Village 2.
Total investments allocated to Boutique Village amount to approximately EGP 3 billion, of which the company has already invested EGP 1.5 billion in ongoing construction works.
The rapid construction progress has resulted in the complete sell-out of all units in the project’s first phase. The company is targeting the delivery of this phase to customers starting in June 2027.
West Cairo: EGP 10 Billion Investment in Villagio and New Partnership in New October
In West Cairo, specifically in 6th of October City, Modon Developments is investing approximately EGP 10 billion in its luxury residential project Villagio, which comprises 230 units.
Construction works on the villas have made significant progress, with completion rates exceeding 80%. The company plans to begin delivering approximately 120 residential units within the project’s first phase at the beginning of 2027.
This will coincide with preparations to open Totti Soccer School and the project’s commercial area in October 2026.
As part of its expansion strategy, Modon Developments is also preparing, in partnership with Ben Baz Developments, to commence construction works on Villagio Gray in New October City before the end of 2026.
The new project will be developed over an area of approximately 22 feddans, with a targeted timeline of three years for full completion.