Maxim Developments

Key Information About Maxim Developments

Maxim Developments operates within Maxim Investment Group, whose business origins date back to 1980. Its real estate presence covers the North Coast and East Cairo through developments in Sidi Abdel Rahman, New Cairo, and El Shorouk City. Assessing the company requires a clear distinction between the group’s wider activities and the legal entity responsible for property development and customer contracts.

The group comprises more than 25 companies operating across over 10 sectors, supported by more than 4,000 employees and 10,000 customers at group level. No official figure separates completed developments from projects still under construction, while the reported 1,700-feddan land area in Sidi Abdel Rahman still requires direct verification.

Maxim Developments maintains a competitive position based on experience in development, operations, hospitality, and asset management rather than property construction alone. This diversity may support project operations after handover, but buyers still need to review each development’s status, construction progress, and the legal company name stated in the contract.

About Maxim Developments

Maxim Group was established in 1980 by the late businessman Wagdy Karrar, although no published legal date identifies when its real estate arm was independently incorporated. The group is currently led by Dr. Mohamed Karrar. Adam Karrar is identified by some sources as Vice Chairman and Head of the Industrial Sector, but this position requires direct official confirmation.

History of Maxim Developments and Its Journey

The group began in 1980 with construction and investment activities before expanding its portfolio into real estate, retail, industry, and services over the following decades. It entered a new phase in 2014 by developing hotels, resorts, and mixed-use projects. Since 2019, it has also pursued partnerships with public- and private-sector investors, particularly in hospitality and asset management.

Vision and Mission of Maxim Developments

Maxim Developments bases its approach on studying market changes and customer behaviour before selecting land and defining the project type. Its strategy also covers ownership, operations, and long-term management. The company aims to build a diversified portfolio serving real estate, hospitality, retail, industrial, and medical activities. The success of this approach is measured by the continuity of services after handover rather than the group’s size or number of companies alone.

• The group has established a portfolio of more than 25 companies across over 10 economic sectors, reflecting a business base that extends beyond property development.
• The group’s published asset and investment figures do not represent the capital or market value of Maxim Developments as an independent company.
• The group has expanded into hotels and mixed-use resorts since 2014, adding operational experience whose impact can be assessed within its residential and tourism developments.

Most published figures relate to the entire investment group. Each number should therefore be connected to the entity it represents, while buyers should verify the project contract, landowner, and management company rather than treating the group’s overall scale as direct evidence of the real estate arm’s performance.

• Since 2019, the group has entered projects and partnerships with public- and private-sector investors, particularly in hospitality and asset management.

Projects by Maxim Developments

The Maxim Developments portfolio is concentrated in the North Coast and East Cairo. Some names may represent phases within larger developments, so they should not automatically be counted as separate projects when assessing the portfolio’s size.

• Bo Sidi Abdel Rahman.
• Bo Islands North Coast.
• Bo Sands North Coast.
• Maxim Country Club New Cairo.
• The Canyon New Cairo.
• Maxim Residence El Shorouk City.
• Maxim Palace.