In 1998, The Group was awarded land acquisition rights by the Government of Egypt at El Fayoum for a residential real estate development project. El Fayoum is located approximately 100 km southwest of Cairo. Total land parcels secured cover approximately 1.3 million sqm.  

Al Roboua project offers 36 standalone villas in traditional Nubian style with all supporting amenities. The Group holds a 63% stake in Misr Al Fayoum Company, which owns a 100% stake in the project company Al Roboua.  

During the third quarter of 2008, Byoum a new residential real estate project, was launched, covering a land area of approximately 400,000 sqm out of the total awarded land. In the first phase of Byoum, it is planned to offer 158 villas with full access to an attached marina and a four star hotel with an expected capacity of 48 guest rooms.