Remco Developments: projects, prices and payment plans

About Remco

Key Information About Remco Developments

Remco Developments operates in the Egyptian market through a diversified structure covering residential, tourism, and hospitality development, alongside construction, operation, and asset management. The company began its legal activity under the name Remco Tourism Villages Construction Company before building a presence across Cairo, the North Coast, Ain Sokhna, and the Red Sea. The Stella Di Mare brand is closely connected to many of its completed assets and operating developments.

The group’s published portfolio contains 17 names divided among nine tourism resorts, four residential projects, and four hospitality and leisure assets. The company has approximately 246,800,000 listed shares. Stella Di Mare Ain Sokhna extends across nearly 1,750,000 square metres and represents the first major development completed and delivered by the company.

Remco Developments follows a model that extends beyond constructing and selling individual units. The group retains the ownership or management of certain shared components within some projects, including hotels, beaches, internal roads, landscaped areas, water stations, and sewage infrastructure.

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About Remco Developments

Remco Tourism Villages Construction Company was established on 4 May 1995 as an Egyptian joint-stock company. Its shares were later listed on the Egyptian Exchange in October 1998. The company was founded under the leadership of engineer and businessman Ayoub Adly Ayoub.

History and Development of Remco Developments

The company’s journey began with the establishment of its legal entity in 1995. It entered a new stage of institutional and financial disclosure when its shares were listed on the Egyptian Exchange in 1998.

Remco Developments subsequently expanded into coastal resorts, hospitality assets, and residential communities. Stella Di Mare Ain Sokhna formed an important operational base for this growth. The project was completed across approximately 1,750,000 square metres, and its units were delivered to buyers.

The completion of a development at this scale gave the group practical experience in infrastructure, resort operation, hospitality management, landscaping, utilities, and the maintenance of shared facilities. These activities require a different operating structure from projects where the developer’s involvement ends shortly after unit delivery.

Vision and Mission of Remco Developments

The vision of Remco Developments centres on creating destinations that remain functional and operational over the long term rather than developing isolated properties. The process starts with land selection, project planning, architectural design, marketing, and sales. The group may then continue managing selected assets and common areas after handover.

This policy places maintenance, asset protection, and operational continuity within the company’s business model. Buyers should therefore assess not only the unit specifications and payment plan, but also the management structure, maintenance obligations, service charges, infrastructure condition, and the responsibilities retained by the developer after delivery.

The company was established on 4 May 1995 and has operated in the real estate and tourism sectors for more than 30 years.
Its shares were listed on the Egyptian Exchange in October 1998, placing the company under periodic corporate and financial disclosure requirements.
The group has developed a published portfolio containing 17 names across resorts, residential projects, and hospitality and leisure assets.
Stella Di Mare Ain Sokhna was completed across approximately 1,750,000 square metres, according to the company’s published information.
Available information does not identify verified corporate awards with confirmed awarding bodies and dates. Unpublished awards should therefore not be attributed to the company.