MG Developments

MG Developments is the real estate arm of the Metawee Group, established in 1998 and led by founder Mohamed Metawee. The firm focuses on Red Sea coastal villages with selective urban expansion into New Cairo and the New Administrative Capital. Arabic readers: شركة MG للتطوير العقاري — مشاريع وكمبوندات.

The current flagship is Blue Blue Ain Sokhna village, a 120,000-square-metre coastal development inside the Windmills zone north of Sokhna, built across six phases with chalets, villas, and a hotel component.

Overview of MG Developments

The parent Metawee Group was founded in 1998. MG Developments was then carved out to specialise in real estate development and tourism investment, with Mohamed Metawee chairing both the parent group and the development arm.

MG operates on a hybrid developer-investor model. The firm owns the freehold for its flagship sites rather than acting as a contractor for a landowner, which gives it more flexibility on phasing and installment plans than asset-light competitors.

The core focus is the Red Sea coastal tourism market, with newer expansions into New Cairo compounds and New Capital compounds for the urban-residential segment.

Track Record

Since 1998, MG and its parent Metawee Group have built more than 25 years of presence in the Egyptian market, with operational focus on Ain Sokhna before the recent urban diversification.

The signature current project is Blue Blue Ain Sokhna, spanning 120,000 square metres across six development phases. The masterplan combines chalets, villas, and serviced hotel units with full retail, F&B, and service infrastructure.

MG is currently building an international hotel inside Blue Blue and has publicly committed to four additional tourism and hospitality projects in Ain Sokhna as part of its declared strategy to deepen Egypt's coastal tourism sector.

Areas Served

MG's operating footprint sits across three geographies that combine coastal and urban demand:

• Ain Sokhna villages — the operational core, home to Blue Blue and four additional tourism projects under launch.
• New Cairo — the urban-residential foothold for MG's branded compounds.
• New Administrative Capital — newer projects within the geographic expansion phase.

Project Portfolio

The portfolio anchor is Blue Blue village in Ain Sokhna. The project targets second-home buyers looking for a beachfront unit in the Windmills zone, with direct Red Sea frontage rather than back-row chalets.

Prices at Blue Blue start at roughly EGP 13,000,000 with delivery scheduled for 2026 per data on file. That positions the unit mix in the upper-middle tier of north-Sokhna coastal product.

Alongside Blue Blue, MG has a declared pipeline of four additional tourism projects in Sokhna, plus the New Cairo and New Capital urban-residential launches that round out the brand.

Why Buy from MG Developments

The first argument is sector specialisation. Many developers dip into coastal product for a single project and exit. MG has 25 years of focused experience specifically in Sokhna, which materially lowers execution risk.

The second argument is land ownership. Blue Blue was developed on freehold land owned by the group, reducing the legal-counterparty risk that affects projects built on usufruct or government allocation terms.

The third argument is phased delivery. Six development phases mean a buyer in a late phase can observe the build quality of earlier phases before committing, a real risk-management advantage in the Sokhna market.

Frequently Asked Questions about MG Developments

When was MG Developments founded?
The parent Metawee Group was established in 1998, and MG Developments was then carved out as the real estate and tourism investment arm under Mohamed Metawee as founder and chairman.

What is MG's flagship project today?
The flagship is Blue Blue Ain Sokhna village, a 120,000-square-metre development in the Windmills zone built across six phases with chalets, villas, and hotel units.

Where are MG's projects located?
The operational core is Ain Sokhna, with newer expansions into New Cairo and the New Administrative Capital for urban-residential buyers.

Does MG offer installment plans?
Yes. Blue Blue units are sold on multi-year installment plans with a low down payment and quarterly schedule, consistent with prevailing Sokhna market terms.

Is MG Developments a trusted developer?
The group has a 25-plus-year operating record under continuous founder leadership, full freehold ownership of its flagship land, and a public commitment to four additional Sokhna projects — all of which place it in the lower-risk tier of coastal developers.