• Sumou Holding plans to launch a USD 1b real estate fund in Egypt by late 2025 or early 2026.
• Adeer and MIDAR signed a deal to develop Mostakbal City’s largest mixed-use project with over EGP 70 billion in investments.
• The fund targets high-potential Egyptian real estate, with 30–40% expected from Saudi investors and 60% from Egyptian and foreign backers.

Sumou Holding

The Chairman of Saudi-based real estate investor Sumou Holding Group, Mr. Abdulrahman Ayedh Al Qahtani, said the company is looking to launch a USD 1 billion real estate fund in Egypt by the end of Q4 2025 or early 2026.

This was stated in an interview with Alarabiya Business on the sidelines of the signing of a partnership between Sumou’s subsidiary Adeer International and Egypt’s Midar for Investment and Urban Development.

The Chairman further stated that Adeer International’s management has been in talks with the Egyptian Exchange for two years. This is regarding amending regulations that would enable both foreign investors and local development to establish real estate funds.

Al-Qahtani adds that Sumou Holding is one of the largest contributors to real estate funds in Saudi Arabia. Furthermore, it contributes 13 to 14 funds totaling more than SAR 250 billion.

He further notes that there is strong interest from Saudi investors in the fund. Moreover, he expects that Saudi investors will make up 30-40% of potential subscribers. Meanwhile, he expects that Egyptians and other foreign investors will account for 60%.

The fund will be open to various opportunities in the Egyptian market, particularly new and high-potential projects. In addition, Al-Qahtani did not rule out the possibility of investing in central Cairo developments.

As for the group’s broader expansion in Egypt, Al-Qahtani said they are currently exploring a real estate investment opportunity on Egypt’s North Coast, near Ras El-Hekma, spanning 300 feddans.

Adeer International and Midar

Adeer International just launched a joint development entity with Egypt’s PARAGON Developments. The new entity signed a collaboration with MIDAR, the master developer of Mostakbal City, to develop the city’s largest mixed-use project to date. It will span more than 500,000 square meters and is backed by investments exceeding EGP 70 billion. Moreover, it will be designed as a smart, sustainable urban community,aiming to seamlessly integrate administrative, commercial, and hospitality components.