• The Waterway plans a USD 190.2M real estate fund in 2026 to finance projects using income-generating assets across sectors.
• The company targets developing 1,000 hotel rooms and expanding into Greece, while launching its own hospitality brand “My Hotel.”
• It is studying medical investments, targeting specialized hospitals, while aiming for 30 billion pounds in sales amid rising property demand.

Waterway

Egypt-based developer The Waterway Developments is preparing to launch a real estate investment fund worth USD 190.2 million (EGP 10B) in the first half of 2026.

In an interview with Asharq Business, Waterway CEO `Hossam Hassan, disclosed the plans to establish the real estate investment fund in the first half of this year. 

The fund will be used to support project financing. It will rely on income-generating assets across residential, commercial, and administrative segments. The company holds a sizable portfolio of leased properties. These assets generate steady cash flows and are expected to anchor the fund structure.

The Waterway is also exploring additional financing channels. This includes bank lending, supported by a more favorable interest rate environment.

Hospitality

Hospitality is emerging as a key pillar in the company’s strategy. The developer plans to deliver around 1,000 hotel rooms over the next five years, with total investments ranging between EGP 15 billion and EGP 20 billion. These projects will be spread across the North Coast and key areas in Greater Cairo.

To support this push, The Waterway is launching its own hospitality brand, “My Otel,” which will be managed through a dedicated subsidiary. Its first property opened on the North Coast in 2025, with plans to expand capacity significantly by 2027. New locations are already in the pipeline, including a hotel near the Grand Egyptian Museum and additional sites in East Cairo.

The developer acquired a hotel near the Grand Egyptian Museum with 55 suites at an investment of USD 8.5 million (EGP 450M). The property will operate under the name “My Otel Pyramids.”

Expansion

Beyond Egypt, the company is also testing international expansion. It recently acquired land in Greece to develop a 60-room hotel, marking its first step outside the local market. Construction is expected to begin within the year. The total investment is estimated at EUR 35 million, with construction expected to begin soon.

Meanwhile, The Waterway is studying entry into the healthcare sector through specialized hospitals. The initial focus is expected to be on women’s and children’s health, with a first project planned within one of its developments. Execution timelines are still under review, with a potential launch targeted for 2027.

On the commercial front, the company is targeting EGP 30 billion in sales in 2026, supported by new project launches in Sheikh Zayed and East Cairo. Management remains optimistic about demand, particularly from Gulf buyers, as currency stability and improved import conditions support the market.

Property prices are also expected to rise, with increases of up to 20% projected over the next two years. However, higher energy costs and wages continue to put pressure on developers across the sector.