Makdan Investments
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Aerial photograph of the Vida Sports Club site, under construction
Makdan Investments

Where Egypt's Secondary Cities Get Built and Run

Master-planned commercial real estate and a premium sports and family club platform, across Egypt and Saudi Arabia.

View the Portfolio Our Approach
400,000
Largest Project in Portfolio
34,000
Vida Sports Club, Under Construction
7
Active Projects
2
Countries: Egypt & Saudi Arabia
Who We Are

Operators, Not Allocators

Makdan acquires and develops assets it intends to run. In Egypt's Delta and Upper Egypt, that means master-planned commercial real estate for cities population growth has outpaced. In sports and family clubs, it means the same discipline applied to the one piece of infrastructure most Egyptian families rely on outside home and school.

The objective is not a transaction. It's an institution that outlasts it.
Read Our Full Approach
Where We Build

Two Platforms

The largest project currently in the portfolio spans 400,000 square meters.

Platform 01 5 Projects

Master-Planned Commercial Real Estate

Secondary Cities, Delta & Upper Egypt

Mixed-use and retail developments in Egyptian cities with real demand and real incomes, but almost no institutional-grade commercial product, a gap left largely to informal builders.

View commercial projects →
Construction-progress photo, Delta Business Park, Tanta
Delta Business Park, Tanta, under construction
Aerial photo of the Vida Sports Club site, under construction
Vida Sports Club, Haram City, under construction
Platform 02 2 Clubs

Premium Sports & Family Club Platform

Egypt (Under Construction) & Riyadh, Saudi Arabia (Launching)

A club platform built to institutional standard, training facilities, family amenities, and community space, at a level the market has been underserved on for years.

View the clubs →
Where We Build

Our Projects

Seven projects across Egypt's Delta, Upper Egypt, and, soon, Riyadh. Select a project to view its details.

  1. Delta Business Park, Tanta

    Delta Business Park, Tanta

    Leasing
    Tanta–Kotor Road, Tanta, Gharbia Governorate, Egypt

    A three-block, design-led office, showroom and retail park on the Tanta–Kotor Road, the Delta region's first institutional-grade workspace product.

    View Project →
  2. Delta Center, Tanta

    Delta Center, Tanta

    Leasing
    Downtown Delta, Sibirbay Road, Tanta, Gharbia Governorate, Egypt

    A mixed-use building with a medical-grade fit-out in the Downtown Delta development, built to a specification above ordinary office stock.

    View Project →
  3. Bani Suef Development

    Bani Suef Development

    Land Available
    Adly Mansour Axis, East of the Nile, Bani Suef Governorate, Egypt

    A 47-feddan master-planned services district east of the Nile: retail, a sports club, a school, a hotel and more, fronting the Eastern Desert Road.

    View Project →
  4. Delta Gate Mall, Kafr El Sheikh

    Delta Gate Mall, Kafr El Sheikh

    Leasing
    Kafr El Sheikh, Egypt

    A Carrefour-anchored retail mall bringing Kafr El Sheikh's first institutional-grade shopping destination to the Delta.

    View Project →
  5. Kafr El Sheikh Land

    Kafr El Sheikh Land

    Land Available
    Kafr El Sheikh Governorate, Egypt

    A 26,198 m² landholding subdivided into seven serviced plots on a main road, available individually, combined, or as a build-to-suit.

    View Project →
  6. Vida Sports Club, Haram City

    Vida Sports Club, Haram City, October Gardens

    Under Construction
    Haram City, October Gardens, Giza, Egypt

    A 34,000 m² sports and family club under construction in Haram City, the flagship of Makdan's club platform.

    View Project →
  7. IRC Sports Club, Riyadh

    IRC Sports Club, Riyadh

    Launching
    Al-Izdihar District, Riyadh, Saudi Arabia

    Makdan's first Saudi club, bringing the Vida model of sport, wellness, and family life to Riyadh's Al-Izdihar district.

    View Project →

Where We Are

  1. 2025

    Makdan Investments founded.

  2. Under Construction

    Vida Sports Club breaks ground in Haram City, October Gardens: 34,000 m², the flagship of the club platform.

  3. Leasing

    Delta Business Park, Tanta reaches leasing with brands including Regus and Elgendy Motors represented.

  4. Launching

    IRC Sports Club, Riyadh: Makdan's first Saudi development.

Led By

Founding Partners

Three operators with a combined four decades of experience building, financing, and developing businesses across the US, Egypt, and the wider MENA region.

Hussein Madkour

Founder and Managing Partner
18+ yrs
Experience
$30M+
US RE Portfolio Built
13
Retail Locations Scaled

Hussein Madkour is a founding partner of Makdan Investments, leading investment strategy, development, and operations across the firm's portfolio in Egypt and Saudi Arabia. An operator and investor with more than eighteen years of experience in retail, distribution, and commercial real estate, Hussein has founded and scaled businesses in both the United States and the MENA region, growing a U.S. real estate portfolio from a single asset to more than USD 30 million in seven years, and building a distribution company that became a regional brand supplying publicly traded U.S. real estate companies.

Nour Elebiary

Founder and Managing Partner
15+ yrs
Finance Experience
$200M+
Bank Facilities Secured
$10M+
VC Raised

Nour Elebiary is a founding partner of Makdan Investments, where he leads financial strategy, capital structuring, and investor relations across the firm's portfolio in Egypt and Saudi Arabia. A finance executive with more than fifteen years of experience across the MENA region, Nour has established nine companies in three countries over the past five years, secured over USD 200 million in bank facilities, and raised over USD 10 million in venture capital.

Mourad El Kerdany

Founder and Managing Partner
13+ yrs
Experience
2012
Entered Egypt Real Estate
2
AUC Diplomas

Mourad El Kerdany is a founding partner of Makdan Investments, executing full-cycle developments from land banking through construction and exit while structuring high-net-worth partnerships. A real estate developer and investment principal with more than thirteen years of experience across Egypt's real estate market, Mourad has overseen projects from acquisition and regulatory approval to delivery and disposition, and holds dual diplomas from the American University in Cairo in Real Estate Development & Finance and Private Equity.

Let's Talk

For investment, partnership, leasing, or membership inquiries, reach out directly.

Egypt (Delta & Upper Egypt) · Riyadh, Saudi Arabia