Al Ismaelia targets USD 100 mn in fresh funding: Ismailia for Real Estate Investment is looking to boost its EGP 385 mn capital by USD 50-100 mn through a regional funding round in 2H 2025, Chairman Karim Shafei said during a presser attended by EnterpriseAM yesterday. The announcement comes as the company prepares to IPO on the EGX within two to three years, Shafei noted.

Big things are in store for Downtown Cairo this year: The developer has earmarked EGP 250-300 mn to acquire and revamp three buildings — including a boutique hotel — in Downtown Cairo this year, Deputy CEO Philopateer Dimitri said. The developer also has plans to develop its existing properties of serviced apartments, commercial units, and cultural venues this year, according to a statement (pdf).

Just launched: Al Ismaelia recently launched Mazeej Balad — a boutique hotel with distinct architectural flair — and plans to launch two more hotels by the end of 2026, Shafei added. The firm is also working to repurpose heritage properties spanning 15k sqm in Downtown Cairo into hospitality, commercial, and office spaces, according to Dimitri.

Also part of the plan: Al Ismaelia has partnered with the Housing Ministry and the European Bank for Reconstruction and Development to map out development plans for Downtown Cairo, Shafei said, adding that the company is open to working with the Sovereign Fund of Egypt — the entity in charge of a plan to revamp Downtown Cairo — on projects in the area.

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