First published: 18-Feb-2026 17:09:49

Damco Real Estate Development, one of the leading companies with a long history in the Egyptian market, announced the launch of a new phase of its comprehensive expansion plan, relying on its strong financial solvency and a solid base of strategic partnerships with major banking institutions and insurance companies.

Engineer Ahmed Omar Tousson, Chairman of the Board of Directors of Damco Real Estate Development Company, affirmed that “Damco” relies in its current expansions on cumulative experiences that have enabled it to build a record full of achievements, as the company sets its sights on diversifying its investment portfolio to include quality real estate development and sustainable agricultural development, which enhances its position as a pivotal player in driving the national economy.

He added: “Our real strength lies in our financial stability and our decades of experience in understanding market variables. We are not just building units, but shaping a secure investment future. Our close relationship with the banking and insurance sectors is a testament to the confidence in our business model, and it is the main driver of our current expansion plans in Nasr City, through which we seek to provide residential and commercial concepts that live up to our clients’ aspirations.”

He stressed that what supports the company’s expansion moves today is its possession of a solid network of strategic partnerships with a select group of prestigious financial and insurance institutions in the Egyptian market, most notably Next Bank, Misr Insurance Company and Misr Life Insurance Company, in addition to EGYMAC Company, which reflects the great confidence in the financial solvency of Damco Company and its ability to manage its projects efficiently and competently.

For his part, Engineer Omar Tousson, Vice Chairman of the Board of Directors of Damco Real Estate Development Company, said that Damco’s footprint extends to include the most vital and promising areas, as the company pays great attention to its project in the Beit Al Watan area in New Cairo, as it offers residential units that adopt the latest theories of ‘smart buildings’ and guarantee the company’s clients luxurious facades and optimal use of spaces, pointing out that the company is implementing its distinguished projects in the Al Khamael project in Sheikh Zayed, where it is keen to fully commit to the specified dates, while providing the best payment systems that suit the needs of clients.

He pointed out that Damco is focusing its efforts on developing a series of distinguished projects in the Nasr City area, relying on the optimal use of spaces and providing innovative modern designs that keep pace with the large construction boom that the area is currently witnessing.


He pointed out that the success of these projects is based on the company’s philosophy, which was founded in 1992, and which places the customer as a real capital and partner in every success, stressing that the company’s obtaining international ISO certificates in quality, environment and occupational safety is the basic guarantee that it provides in all its residential and commercial projects.

Engineer Omar Tousson, Vice Chairman of the Board, also highlighted the developmental and agricultural aspect of the company's plan, saying: "Our expansions today go beyond the traditional urban scope to include vital sectors that support the state's 2030 vision. Our agricultural project in the New Valley, which extends over an area of 25,000 acres, comes as the first of the agricultural development projects that we adopt. We believe that investing in land is an investment in the future, and by combining our engineering expertise with the latest agricultural development technologies, we seek to achieve sustainable returns that serve the path of food security and comprehensive development in promising areas."

He pointed out that “Damco Real Estate Development” affirms its full commitment to continuing to work according to the highest international quality standards, relying on a team of highly qualified experts and a solid network of success partners who ensure the company’s continued leadership and sustainable growth in the Egyptian market.

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