Mercon Developments

Mercon Developments is one of the fastest-rising real estate developers in the Egyptian market. The company was founded in 2019 and is headquartered at M3, North 90 Street, Fifth Settlement, in New Cairo. The chairman is Engineer Ahmed Embaby.

Although the development brand itself is relatively new, the founding team brings more than fifteen years of integrated construction and development experience inside Egypt, including direct contributions to flagship national projects such as the Iconic Tower and the Governmental District in the New Administrative Capital.

For Arabic content, see Mercon Developments بالعربية.

Mercon Developments Overview

Mercon Developments stands apart from the typical new entrant to the Egyptian real estate market on two key points. The first is a strong construction background through its parent operation, Mercon Construction Company.

That parent has worked in the contracting and execution business for many years before the launch of the development brand in 2019.

The second point is its partnership with China State Construction Engineering Corporation, one of the largest construction firms in the world.

That partnership gives Mercon the executional depth needed to deliver large-scale projects such as Pavo Tower in the New Administrative Capital and major residential developments inside New Cairo with confidence in build quality and delivery timelines.

Track Record and Project History

Official company data points to more than 70 executed projects across the founding team's history in the Egyptian construction market, alongside the delivery of over 840 residential and commercial units inside Greater Cairo. Those numbers include contracting work performed for other developers before the team consolidated under the Mercon Developments brand in 2019.

Under the new brand, Mercon has launched five core projects that today form its visible portfolio on the Egyptian real estate map. The most prominent is Pavo Tower in the New Administrative Capital, a sixteen-floor tower with roughly 600 units and total sales reaching EGP 2 billion at launch.

In New Cairo, the company launched Nurai Compound in the Lotus district, spanning 70,000 square meters with more than 400 residential units and total investments exceeding EGP 14 billion. Alongside it is Gravity 7 in the heart of the Fifth Settlement.

The portfolio also extends to Riverton New Cairo and VX 90 on North 90 Street, a mixed-use development that combines administrative, retail, and commercial units in a prime location directly opposite the company's own headquarters.

Areas Served by Mercon Developments

The current portfolio is concentrated in two real estate zones only: New Cairo compounds, where four of the five projects sit, including Nurai, Gravity 7, VX 90, and Riverton, and New Administrative Capital compounds, where Pavo Tower is located.

That geographic concentration is a deliberate strategic choice, not a coincidence. The Fifth Settlement represents an established customer base of high-income buyers, while the New Administrative Capital attracts the next generation of investors and families seeking modern units backed by flexible installment plans.

Mercon Developments Project Portfolio

The Mercon Developments portfolio under the current brand contains five core projects, all sharing a focus on mixed-use design and contemporary architectural language.

Inside New Cairo, the investor starts with Nurai New Cairo in the Lotus district, the company's flagship residential project with EGP 14 billion in total investments. It is followed by Gravity 7 in the Fifth Settlement and Riverton New Cairo, both low-density residential developments.

On the commercial and administrative track, VX 90 in the Fifth Settlement sits directly on North 90 Street and offers premium administrative, retail, and medical units designed to serve the entire Fifth Settlement catchment area.

In the New Administrative Capital, Pavo Tower is the company's most visible asset. The tower sits in the Downtown district with sixteen floors containing 600 units across administrative, commercial, and medical categories, with total sales of EGP 2 billion recorded at the time of launch.

Why Invest with Mercon Developments

The decision to invest with a relatively new developer like Mercon Developments rests on three pillars: a reliable construction base, large-scale execution partnerships, and a diverse project portfolio in strong locations.

On the first pillar, the company carries a direct contracting background that spans more than fifteen years, including team contributions to the Iconic Tower and the Governmental District in the New Administrative Capital.

Those are flagship national projects executed under strict technical standards, and that track record matters more than the formal founding date of the brand itself.

On the second pillar, the partnership with China State Construction Engineering Corporation provides world-class execution capability and significantly lowers the risk of delivery delays, the most common concern when committing to a younger developer.

The third pillar is portfolio diversity across residential assets such as Nurai, Gravity 7, and Riverton, alongside commercial and administrative assets such as VX 90 and Pavo Tower.

That spread gives investors a range of options suited both to end-user occupancy and to long-term rental yield goals. The standard sales model uses low down payments with installment plans extending up to eight years.

Customer Experience with Mercon Developments

The company's main sales office is located at M3 on North 90 Street in the Fifth Settlement, a position that is easy to reach from any compound across New Cairo.

Office hours run from 10 AM to 6 PM, and scheduled site visits are available for the Pavo Tower project in the New Administrative Capital as well as for Nurai in the Lotus district.

Mercon runs an in-house sales team supported by a network of major real estate brokerages across Egypt.

Direct inquiries can be submitted through the company's official channels, or through the project-specific inquiry form available on every CompoundGate compound page, where our team will route the request to the relevant Mercon sales representative directly.