Key Information About Empire State Developments Empire State Developments operates in the Egyptian...
Key Information About Empire State Developments
Empire State Developments operates in the Egyptian market through a portfolio concentrated in the New Administrative Capital, supported by an execution background in contracting and electromechanical works. The company is led by Engineer Mahmoud El Serag, who serves as Chairman and CEO. Its current market presence is based on three announced developments rather than a long property delivery record dating back to 1989, as some competing articles suggest.
Empire State Developments has three principal projects: Upmount, Evette Mall, and El Centro. Upmount covers approximately 21 feddans in the R8 residential district, while unit areas in Evette Mall start from around 35 square metres. No confirmed figures have been announced for the company’s capital or market value. The available data indicate its operational scale but do not define its total investment volume precisely.
Empire State Developments competes by translating its contracting experience into decisions related to construction, engineering coordination, and technical detail management. The company has appointed engineering and operational partners such as Moharram Bakhoum and Safir Hotels & Resorts for selected developments. These partnerships add technical weight, but they are not sufficient alone to assess handover quality, schedule compliance, or after-sales service.
About Empire State Developments
The group’s professional roots date back to 1989, when Al Hamd Contracting Company was established and began operating in contracting and electromechanical works. However, the establishment date of Empire State Developments as an independent real estate entity is not clearly confirmed in the available sources, although announced activity can be traced to at least 2021. This distinction is necessary to understand the company’s experience without overstating its property development record.
History and Development of Empire State Developments
The journey behind Empire State Developments began with a contracting background extending back to 1989, followed by the completion of more than 500 assignments across Egypt and the Middle East. The group later entered the New Administrative Capital property market through El Centro, followed by Evette Mall and then Upmount. This sequence reflects a transition from investment-focused developments to a residential project covering approximately 21 feddans.
Vision and Mission of Empire State Developments
The vision of Empire State Developments focuses on creating urban communities and user experiences that extend beyond the physical delivery of a building. Its approach relies on engineering experience and cooperation with specialists in design, management, and operation. The stated mission is broader than the company’s current three-project portfolio, making construction progress, handover dates, and facility management important indicators of its actual delivery.
- The group has completed more than 500 contracting and electromechanical assignments in Egypt and selected Middle Eastern markets. This figure does not represent 500 developer-owned real estate projects but reflects previous execution experience that should be separated clearly from the company’s property delivery record.
- Empire State Developments expanded within the New Administrative Capital from a mixed-use project to a commercial development before entering the residential sector through Upmount, which covers approximately 21 feddans. This move reflects an intention to build a portfolio that is not dependent on one property segment.
- The company has entered engineering and operational partnerships with Moharram Bakhoum and Safir Hotels & Resorts to support design, management, and operation in selected projects. The impact of these agreements should be evaluated after actual operation begins and compared with the service levels stated in contracts and announced plans.
Empire State Developments Projects
Empire State Developments has introduced three known projects in the New Administrative Capital, covering residential, commercial, administrative, medical, and hospitality uses. The figures show that its portfolio remains concentrated within one city, increasing the importance of monitoring construction and handover progress across every project.
- Upmount.
- Evet Mall.
- El Centro.
