Al Ahly for Real Estate Development Company was founded in 1994. One of the company partners is The National Bank of Egypt , the largest bank in the Middle East that was established in 1898. The bank has a share of 40% and the other 60% belongs to the Sabbour Family. The Chairman of the company is Eng. Hussein Sabbour , who is known for establishing one of the ﬁrst engineering consultancy ﬁrms in Egypt and turning it into a prominent real estate business that exists today. The projects range all over Egypt from the city and its outskirts all the way to the Red Sea and North Coast. Al Ahly works in many different real estate sectors; commercial , residential , and touristic.