Al Ahly for Real Estate Development was founded in 1994 as a joint stock company based on the Egyptian law 159 of the year 1981. Eng. Hussein Sabbour, the Chairman, has established one of the first engineering consultancy firms in Egypt to later become one of the most prominent real estate businesses in the country. The company’s projects cover a wide geographical area in Egypt ranging from the Capital city of Cairo moving northwards and southwards to cover areas like the North Coast and the Red Sea. Such coverage includes commercial, residential and touristic projects.