Torec Developments, originally founded as Al Oula Real Estate Development in 2015, has rapidly become a leading force in Egypt’s real estate market. Supported by the New Urban Communities Authority and the Housing & Development Bank, Torec started with a capital of 50 million EGP and has since expanded to 400 million EGP by 2022. Under the guidance of CEO Mohamed Anwar Helal, Torec has successfully sold out units in Sheikh Zayed and the North Coast. The company is now driving forward two significant projects in Sheikh Zayed, valued at 220 million EGP, which has further strengthened its financial standing and increased the New Urban Communities Authority’s stake to 66.4%.