Egypt–UAE partnership forms mega real estate entity, unveils VIE COLLECTIVE in New Cairo with EGP 200bn investments
An Egyptian–UAE investment consortium has announced the establishment of vie communities, positioning it among the leading major real estate developers in Egyptian market.
vie communities company plans to invest up to EGP 200bn to develop VIE COLLECTIVE, a landmark fully integrated project in New Cairo stretching over 186 feddans.
The development will be guided by a comprehensive master plan aligned with the latest global standards in urban planning, as well as the management and operation of mixed-use communities.
The scale of investments allocated to VIE COLLECTIVE project reflects the strong financial standing and robust execution capabilities of vie communities, as well as its strategy to deliver projects that compete with international markets.
vie communities is built on a robust institutional framework that brings together extensive expertise across investment, real estate development, construction, and financial services. This integrated structure enhances the company’s execution capabilities, enabling faster delivery timelines, efficient project operations, and the provision of comprehensive after-sales services.
The company’s shareholder base features a distinguished group of investors, including GLAMOUR Jewellery, represented by Mr. Tarek Soliman, and UAE-based DAMAS Real Estate, represented by Emirati businessman Mr. Tawhid Abdullah, in addition to Dr. Haitham Samir, who serves as Chief Executive Officer and Managing Director. Together, this strategic mix reflects a powerful synergy of capital and expertise, forming a financially solid and operationally advanced entity of significant market weight.
Dr. Haitham Samir, Chief Executive Officer and Managing Director of vie communities, stated that the company is pursuing an ambitious investment strategy over the coming years, which includes launching a range of mixed-use real estate projects to strengthen its presence in Egyptian market.
He added that the company’s strategy is centered on adopting the latest standards in architecture design and sustainable urban planning, keeping pace with rapidly evolving demand patterns and future market needs. This approach reflects modern trends in real estate sector, particularly in terms of efficient space utilization and the integration of services, while adhering to the highest standards of quality and sustainability.
Samir further noted that vie communities has engaged a number of leading global and local firms to develop the master plans and designs for VIE COLLECTIVE. These include ATKINS, Hany Saad, Alchemy, SA Architects, Raef Fahmi, YBA Architects, PwC, Inversion, and Andersen.
He added that the VIE COLLECTIVE project is scheduled to be developed in multiple phases over a five-year period, with the first phase set for delivery within two years.
With its flagship development, VIE COLLECTIVE, vie communities is offering a unique real estate product designed to meet the needs of both Egyptian and international clients, whether for residential living or investment purposes, while also serving the demands of multinational corporations and leading global brands.
The company is set to reveal more details about VIE COLLECTIVE in Egyptian market soon, showcasing its strategy for rapid and strategically planned growth.
