Five Palm Developments to launch its first projects in Q4 with EGP 4bn investments
Five Palm Developments has announced the launch of its operations and ambitious expansion plans in Egypt’s real estate market, starting with a series of new projects in New Administrative Capital and Fifth Settlement, East Cairo, following the acquisition of prime land plots in key strategic locations.
Mr. Islam Shahat, CEO of the company, stated that Five Palm aims to offer innovative real estate products aligned with Egypt’s urban development boom. The company is committed to applying the highest global standards in design and constructions, while providing an integrated urban environment that meets the needs of both clients and investors.
He added that the company is preparing to launch its first major project in the real estate market during the fourth quarter (Q4) of 2025, with investments exceeding EGP 4bn. The project will feature units designed according to the latest international models.
For his part, Eng. Yasser Raslan, Chairman of the Board, stated that the company is focused on delivering a strong and tangible real estate product on the ground, with a firm commitment to construction schedules and early delivery timelines to ensure high-quality execution and maximum investment value.
Similarly, Eng. Youssef Issa, Vice Chairman, said that the board has approved significant investments to launch mixed-use projects designed to meet customer needs. These projects will be developed in line with the highest standards of design, integrated healthy living environments, and promising investment opportunities across residential, commercial, and administrative properties.
Founded in 2012 as a contracting company, Five Palm quickly built a strong reputation for its fast-track execution and high-quality work. In 2023, the company expanded into real estate development and asset management, with a vision to deliver innovative, high-value projects that reflect the evolving needs and aspirations of clients across diverse areas.
