Cred Developments
Cred Developments is a private Egyptian real estate developer building master-planned residential and mixed-use communities, including CLM, Ever West Cairo, and Ever New Cairo, for upper-mid to high-income buyers across the Cairo metropolitan region.
- Company typePrivate
- Founded-
- HeadquartersCairo, Egypt
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Cred Developments does
Cred Developments is a private Egyptian real estate developer headquartered in New Cairo and operating across the Cairo metropolitan region. The company develops master-planned residential and mixed-use communities targeting upper-mid to high-income Egyptian buyers, with three active projects: CLM (Castle Life Masterplan) in the New Administrative Capital R7 zone, Ever West Cairo in Sheikh Zayed/6th of October City along the 26th of July Corridor, and Ever New Cairo, a 129-acre community in the 6th Settlement launched in January 2024 with an announced EGP 30 billion total investment. Each project combines fully-finished residential units (apartments, townhouses, twin houses, and standalone villas) with commercial, medical, and lifestyle amenities such as clubhouses, green spaces, solar energy, and gated security.
The company is a subsidiary of Masrya International Group (MIG), an Egyptian conglomerate established in 1997 whose roots trace to Ashi & Bushnag Co.ltd (ABC), a Saudi Arabian construction firm founded in 1980. Cred itself was rebranded in April 2022 from Kasil for Urban Development to reposition for premium integrated-living developments. Leadership comprises Chairman Eng. Taha Mansour, Managing Director Eng. Mohamed Edrees, and CEO Eng. Ahmed Taha Mansour. The firm employs 501–1,000 staff across East and West Cairo sales centers, a New Cairo headquarters, and on-site project offices.
Cred generates revenue primarily through one-time sales of residential and commercial units, supplemented by sales of medical space in Ever West Cairo. Pricing is quote-based rather than publicly disclosed, with prospective buyers routed through physical sales centers, website inquiry forms, or the Build Your Community (BYC) referral program. Go-to-market relies on celebrity-endorsed launch events (Amr Diab, Kadim Al Saher, Amr Adib), event sponsorships including Cairo Drama Festival and Disney on Ice, a multi-platform social media presence, and government-affiliated sports sponsorships. The company reported EGP 3.4 billion in contractual sales for 2023 and has set a target of EGP 7 billion for 2024.
Cred Developments firmographics
Firmographics- Name
- Cred Developments
- Legal name
- Cred Developments
- Website
- https://cred-eg.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Cred Developments is a private Egyptian real estate developer building master-planned residential and mixed-use communities, including CLM, Ever West Cairo, and Ever New Cairo, for upper-mid to high-income buyers across the Cairo metropolitan region.
- Ownership category
- akta.pro rank
Cred Developments industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- Residential Building Construction (23611), Land Subdivision (2372), Commercial and Institutional Building Construction (23622)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Retail & Mixed-Use Commercial Construction (IMAFACAB)
Keywords
Where Cred Developments is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices5 records
Markets served
Cred Developments business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Marketing or Sales, Personnel, Operations
Revenue model
- Residential Unit Sales: Primary revenue stream from sales of fully-finished residential units including apartments, townhouses, twin houses, and standalone villas across CLM, Ever West Cairo, and Ever New Cairo projects.
- Commercial and Medical Space Sales: Ever West Cairo project includes commercial and medical spaces alongside residential units, providing additional revenue streams from non-residential property sales.
- Integrated Living Communities: Revenue generated from comprehensive master-planned communities that blend living, leisure, business and entertainment under one roof, offering diversified income through various property types and community amenities.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels10 records
Cred Developments product offering
Product offeringCore offering
Cred Developments is an Egyptian real estate developer that builds and sells fully-finished integrated residential and mixed-use communities across Cairo. Its portfolio comprises three master-planned projects — CLM (New Administrative Capital), Ever West Cairo (6th of October City/Sheikh Zayed), and Ever New Cairo (New Cairo) — offering apartments, townhouses, twin houses, and standalone villas alongside commercial and medical space, with community amenities such as clubhouses, green spaces, sports facilities, and gated security.
Product overview
Cred Developments is an Egyptian real estate developer offering integrated residential communities across Cairo. The portfolio consists of three distinct projects: CLM (Castle Life Masterplan) in the New Administrative Capital, Ever West Cairo in 6th of October City, and Ever New Cairo in New Cairo. The company also operates BYC (Build Your Community), a referral incentive program. Projects feature mixed-use facilities combining residential, commercial, and lifestyle amenities with master-planned layouts.
Differentiator
Problem solved
Functional benefit
Brands
- Ever: Mixed-use development brand including Ever West Cairo and Ever New Cairo projects featuring residential units with commercial and medical spaces
- CLM
Products and services
- CLM (Castle Life Masterplan) Residential community project located in the New Administrative Capital R7 zone, a master-planned development featuring residential units with amenities including Castle Gate Mall, clubhouse, sports arena, solar energy, green spaces, and underground parking. Units are delivered in phases starting from August 2023. Targeted at upper-mid to high-income Egyptian families seeking integrated community living on the East side of Cairo.
- Ever West Cairo Mixed-use development in Sheikh Zayed / 6th of October City on the 26th of July Corridor, combining fully-finished residential units with commercial and medical spaces. Designed by Hany Saad Innovations with clubhouse, gym, security-gated access, and double-loaded building architecture. Targeted at upper-mid to high-income Egyptian buyers seeking premium integrated living in West Cairo.
- Ever New Cairo 129-acre master-planned community in New Cairo (6th settlement) offering standalone villas, twin houses, and townhouses. Features an urban resort aesthetic with green spaces, intergenerational interaction focus, and proximity to the New Administrative Capital. Targeted at upper-mid to high-income Egyptian families seeking premium villas and townhouses in East Cairo.
Quantifiable outcome
- Contractual sales of EGP 3.4 billion achieved in 2023, targeting EGP 7 billion in 2024
- +1 more outcomes
Companies that use Cred Developments
Customer profileSegments1 record
Ideal customer profiles1 record
Cred Developments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cred Developments partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered minor and core.
- Venture LifestyleminorJoint event with Kadim Al Saher concert as part of Cred x Venture Lifestyle partnership.
- Ministry of Youth & Sports (Egypt)corePartnership protocol signed to reward and support Egyptian athletes participating in Paris 2024 Olympics, with Cred sponsoring 5 Egyptian athletes.
- Dex Squared (UAE)coreUAE-based consulting firm engaged to provide advisory services for the hotel component of the Ever project in West Cairo. Agreement signed July 2023.
- Royal Links SportsminorPartnership to support 5 Egyptian athletes participating in Paris 2024 Olympics, in coordination with Ministry of Youth & Sports.
- Disney on IceminorCred brought Disney on Ice entertainment show back to Egypt after 15-year absence, generating significant media attention and brand goodwill.
- Acting Professions Syndicate (Cairo Drama Festival)minorPlatinum sponsorship contract for the 1st Edition of Cairo Drama Festival, positioning Cred as a cultural patron.
- EEPM Projects ManagementcoreProject management consultant for CLM project in the New Administrative Capital.
- Ökoplan Engineering ConsultationscoreEngineering consultations for CLM project, providing sustainable planning expertise.
- ACE Moharram BakhoumcoreACE Moharram Bakhoum provides engineering consulting services for CLM project.
- Hany Saad InnovationscoreLead architect and designer for Ever West Cairo project, responsible for project design and master planning.
- I.El-Habrouk ArchitectsminorArchitecture firm providing design services for Ever West Cairo project.
- YDGminorDesign and architecture partner for Ever West Cairo project.
- Keep Facility ManagementminorFacility management partner for Cred Developments projects.
Scale indicators8 records
Recent moves6 records
Cred Developments competitors and assessment
Company assessmentDirect peers
- SODIC: Leading Egyptian developer of premium residential and mixed-use communities in East and West Cairo, including Eastown, Westown, and SODIC Mostakbal. Directly comparable in segment, geographies, and integrated-community model.
- Palm Hills Development: One of Egypt's largest listed real estate developers, focused on integrated residential and mixed-use master-planned communities across Greater Cairo and the North Coast. Directly comparable to Cred in product type, customer segment, and geographic focus.
- Madinet Nasr Housing and Development (MNHD): Listed Egyptian developer with significant land bank in East Cairo (Taj City, Sarai). Targets the same mid-to-upper income buyer pool in New Cairo and surrounding areas as Cred.
- Tatweer Misr: Egyptian real estate developer behind Fouka Bay, Il Monte Galala, and Bloomfields — large-scale integrated coastal and urban communities. Comparable in product type and target buyer, though with stronger coastal exposure.
- City Edge Developments: Egyptian state-backed developer (joint venture between NUCA, Housing Ministry, and Emaar) developing large-scale mixed-use projects including Al Maqsad and New Mansoura. Comparable in mixed-use community model and Cairo exposure.
- Emaar Misr: Egyptian arm of Emaar Properties (UAE), developing large-scale mixed-use and residential communities in Cairo (e.g., Mivida, Marassi, Uptown Cairo). Closest direct peer given comparable scale, master-planned model, and premium positioning.
- Ora Developers: Egyptian real estate developer (backed by Naguib Sawiris) building high-end residential and mixed-use projects in Cairo and the North Coast. Comparable premium segment and integrated-community focus.
- Amer Group: Egyptian developer of large-scale mixed-use communities (e.g., O West, Aïn Sokhna projects). Comparable in scale of master-planned communities and premium positioning.
- Mountain View (DMG - Dar Al-Ma'ali Group): Egyptian developer specializing in residential and mixed-use master communities (e.g., Mountain View iCity, Hyde Park). Strong overlap with Cred in premium integrated-community positioning across Cairo.
Regional players
- Dar Al Arkan Real Estate Development: Largest listed real estate developer in Saudi Arabia, focused on premium residential and mixed-use master-planned communities. Comparable in business model and product type, but operates in a different (Saudi) geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Cred Developments social profiles
Digital presenceCred Developments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cred Developments leadership team
Management profileNumber of profiles
Profiles3 records
Cred Developments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cred Developments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cred Developments
What does Cred Developments do?
Cred Developments is an Egyptian real estate developer that builds and sells fully-finished integrated residential and mixed-use communities across Cairo. Its portfolio comprises three master-planned projects — CLM (New Administrative Capital), Ever West Cairo (6th of October City/Sheikh Zayed), and Ever New Cairo (New Cairo) — offering apartments, townhouses, twin houses, and standalone villas alongside commercial and medical space, with community amenities such as clubhouses, green spaces, sports facilities, and gated security.
Is Cred Developments a public or private company?
Cred Developments is a private company. It is classified as corporate owned and is currently operating.
When was Cred Developments founded?
Cred Developments was founded in -1. It employs 501 to 1,000 people.
Where is Cred Developments based?
Cred Developments is headquartered in Cairo, Egypt, in the Africa region.
How does Cred Developments make money?
Three revenue lines are on record. Residential Unit Sales are the primary driver. The others are commercial and Medical Space Sales and integrated Living Communities.
Who are Cred Developments's main competitors?
Direct peers on record are SODIC, Palm Hills Development, Madinet Nasr Housing and Development (MNHD), Tatweer Misr, City Edge Developments, Emaar Misr, Ora Developers, Amer Group and Mountain View (DMG - Dar Al-Ma'ali Group). Dar Al Arkan Real Estate Development is listed as a regional player.
Does Cred Developments have an API?
No public API is recorded for Cred Developments.
What industry is Cred Developments in?
Cred Developments's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFACAB, Retail & Mixed-Use Commercial Construction. Its NAICS code is 23611 and its SIC code is 6552.