An Egyptian-Gulf alliance of SIAG Developments, El Alwy Urban Development, and Misk Development has established Mahawer Developments, investing EGP 7bn in real estate projects in New Damietta and the Delta region. The company aims to enhance Egypt’s urban development with innovative, sustainable projects. Each founder brings extensive experience: SIAG focuses on vibrant community creation, El Alwy integrates modern technology, and Misk is known for luxurious designs. CEO Maged El-Basiony emphasizes Mahawer’s vision of innovation and ambition, while Hossam El Alwy highlights the importance of creating interconnected environments. This collaboration seeks to advance Egypt’s real estate market and urbanization efforts.