Hyde Park Acquires 415 Feddans in West Cairo

Hyde Park Developments has signed an agreement to acquire a 415-feddan plot in the eastern expansions area of 6th of October City in west Cairo.

The land, formerly known as the Dreamland land, is involved in a deal with Banque Misr and the National Bank of Egypt (NBE).

Egyptian Prime Minister Mostafa Madbouly witnessed the signing ceremony at the government headquarters in the New Administrative Capital.

According to a company statement, the planned development will be Hyde Park's fourth project in west Cairo and its 10th nationwide. The company described it as its largest development in west Cairo to date.

Agreement Signed With Real Estate Asset Management Company

The agreement was signed by Amin Serag, CEO of Hyde Park Developments, and Karam Salah, Chairperson of the Egyptian Company for Real Estate Asset Management and Investment (ECRAMI).

ECRAMI is owned by NBE and Banque Misr.

Housing Minister Randa El-Menshawy said the agreement resolves a longstanding issue related to the Dreamland land.

Under the arrangement, Hyde Park will be responsible for the development, financing and marketing of residential units in the area.

Also Read: Egypt Allocates 1 Million Sqm for Hurghada Tourism Projects

Banks Highlight Urban Development Opportunities

Banque Misr CEO Hisham Okasha said the cooperation reflects the bank's approach to supporting key economic sectors by combining institutional capabilities with operational expertise.

He noted that real estate, infrastructure and specialised services offer investment opportunities that require effective cooperation models.

NBE CEO Mohamed El-Etreby said the deal supports the bank's strategy of investing in urban development and the real estate sector.

He added that these sectors can stimulate economic activity and create jobs.

El-Etreby also said cooperation with experienced developers could improve asset utilisation and support project sustainability.

Also Read: Madinet Masr SAFE Offers Fractional Property Investment

Hyde Park Expands Its West Cairo Portfolio

Hyde Park CEO Amin Serag said the acquisition marks a new stage in the company's expansion plans.

Yehia Aboulfotouh, Chairperson of Hyde Park Developments, said the agreement would support plans to develop integrated urban communities.

The 415-feddan plot adds to the company's development pipeline in west Cairo.

The project is planned to become the company's fourth development in the area and its 10th across Egypt, according to the company statement.

The agreement brings together Hyde Park Developments, ECRAMI, Banque Misr and the National Bank of Egypt in a transaction intended to advance development of the former Dreamland land.

The project will involve residential development, financing and marketing under Hyde Park's responsibility.

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