Marakez Development – Shaping Egypt's Urban Future

Founded in 2015, Marakez Development is a driving force in Egypt’s real estate scene and a flagship subsidiary of the Fawaz Al Hokair Group—a powerhouse that began its journey back in 1989 when brothers Fawaz, Salman, and Abdul Majeed Alhokair opened their first two menswear stores. Over the decades, the Group has expanded into a diverse portfolio that spans construction, hospitality, healthcare, financial services, energy, fashion, and property development. In Egypt, Marakez has left its mark from the Mediterranean’s North Coast to the vibrant heart of New Cairo, introducing landmark mixed-use destinations like District 5—a game-changer in urban living that blends residential, commercial, and lifestyle experiences in one vibrant community.

The Story Behind District 5 and Expansion

Seeing the vast potential of Egypt’s growing economy, the Fawaz Al Hokair Group assembled a dynamic team of young Egyptian talents in 2015 with a clear goal: to build Egypt’s largest mixed-use development and management company. This vision gave rise to District 5 New Cairo, a modern hub that redefines how people live, work, and socialize. Designed as more than just a residential compound, District 5 delivers a holistic lifestyle with shopping, dining, entertainment, and wellness facilities seamlessly integrated into its design.

A Vision Built Around Communities

Marakez’s mission has always been to create destinations that become the beating heart of their neighborhoods—places where people can live comfortably, work productively, and enjoy a strong sense of belonging. Every project is master-planned to balance modern convenience with vibrant community spirit, ensuring that each development—especially District 5—offers more than just beautiful homes, but a complete lifestyle ecosystem.

Facts & Figures That Define Marakez

With over 9 years of real estate expertise in Egypt, Marakez has built an impressive footprint. Its projects span more than 4 million square meters of prime land, reflecting its scale and influence in shaping Egypt’s urban future. From mixed-use mega-projects to boutique developments, Marakez continues to lead with innovation, quality, and a dedication to enhancing the way people experience city life.

Marakez Development – A Journey of Growth and Innovation

From Humble Beginnings to a Real Estate Powerhouse

Marakez Developments has carved out an impressive presence in Egypt’s real estate market, building on the legacy of the Fawaz Al Hokair Group. Founded in 1989, the Group began with just two menswear stores before expanding into a diverse portfolio spanning retail, hospitality, construction, healthcare, energy, and property development. This dynamic growth laid the foundation for Marakez to emerge as a leading developer of modern, mixed-use communities.

Breaking Ground in Egypt

The Group made its landmark debut in Egypt with the opening of Mall of Arabia in December 2010 — a project that set new standards for retail and leisure experiences in the region. This was the first step toward transforming Egypt’s urban landscape with world-class developments that blend convenience, lifestyle, and modern design.

A New Era in 2015

Recognizing the strong potential of the Egyptian economy, September 2015 marked a turning point. The Group assembled a talented team of young Egyptian professionals with a vision to create the largest mixed-use development and management company in the country. This initiative was the catalyst for launching Marakez as a dedicated real estate subsidiary.

The Birth of Marakez Real Estate Development

With this renewed vision, Marakez began developing signature projects across Egypt — each combining residential, commercial, and leisure components to create vibrant, self-sustaining communities. These projects not only serve as lifestyle destinations but also contribute to the growth and modernization of key cities nationwide.

Driving the Future of Real Estate in Egypt

Together, this leadership team continues to steer Marakez Developments toward greater achievements, solidifying its position as one of Egypt’s most forward-thinking and competitive real estate developers.

Marakez Development – Top Projects in Egypt

District 5 – A Landmark in New Cairo

One of Marakez’s flagship developments, District 5 New Cairo combines upscale living with a dynamic lifestyle hub. Spanning 200 acres, the project is thoughtfully split—100 acres dedicated to premium residential zones offering 1,720 units, and another 100 acres devoted to commercial, leisure, and lifestyle facilities. The “Live Journey” focuses on modern homes surrounded by green spaces, while the “Play Journey” features approximately 17,000 sqm of recreational areas and entertainment venues.

Ramla North Coast – Luxury by the Sea

Located in the prestigious Ras El Hekma area, Ramla North Coast is a 406-acre coastal haven developed to deliver unforgettable summer experiences. The resort is designed with a blend of luxury residences, leisure facilities, and beachside activities, offering homeowners the perfect mix of relaxation and vibrant coastal life.

Crescent Walk – Green Living in Style

Built over 118 acres, Crescent Walk stands out for its emphasis on open landscapes, lush greenery, and community facilities. A significant portion of the project is devoted to services, parks, and outdoor spaces, creating a serene environment for residents while maintaining easy access to modern conveniences.

AEON Towers – Elevating the Skyline in 6th of October City

Rising in the heart of 6th of October City, AEON Towers offers a collection of fully finished residential apartments, serviced apartments, and luxury penthouses. Alongside stunning city views, the development boasts a wide array of high-end amenities, making it one of the most sought-after addresses in West Cairo.

Commercial Excellence – Retail & Lifestyle Destinations

Beyond residential communities, Marakez has developed some of Egypt’s most successful retail and commercial hubs, including:

• Mall of Arabia – A premier shopping and entertainment destination in 6th of October City
• Mall of Tanta – Bringing world-class retail experiences to the Gharbia Governorate
• District 5 Work – A dynamic business hub in New Cairo
• Villa M Zamalek – A unique lifestyle destination in the heart of Cairo
• Mall of Mansoura – A major retail landmark in the Delta region
• Town Center – A convenient shopping and leisure hub catering to local communities

Fawaz Al Hokair Group – The Parent Company Behind Marakez

From Humble Beginnings to a Global Powerhouse

The Fawaz Al Hokair Group began its journey in 1989, when brothers Fawaz, Salman, and Abdul Majeed Abdulaziz Alhokair opened just two menswear stores in Saudi Arabia. What started as a small retail venture has since transformed into one of the Middle East’s most influential business conglomerates.

A Diverse and Expanding Portfolio

Today, the Group’s investments extend far beyond fashion, encompassing sectors such as construction, financial services, healthcare, hospitality, energy, and real estate development. In the fashion retail arena, the Group operates over 2,100 stores across 16 countries, proudly representing more than 80 world-renowned international brands. This vast network underscores its commanding presence in the global retail market.

Dominance in Real Estate & Retail Development

Beyond retail, the Fawaz Al Hokair Group is a powerhouse in the real estate sector, managing 17 shopping malls with a combined area exceeding 1.6 million square meters of premium retail space. As the largest retail developer in Saudi Arabia and one of the leading developers across the Middle East, the Group continues to set benchmarks for quality, scale, and innovation.

Global Reach and Strategic Growth

The Group’s influence stretches well beyond the Kingdom, with strategic expansions into MENA markets, as well as ventures in the United States and Central Asia. This global footprint reflects an unwavering commitment to growth, diversification, and innovation in an increasingly competitive world.