An alliance of three leading real estate companies—El Etahad Development, Summit Development, and Dynamic Group—has officially launched the “BAYAN Compound” project in the expansion area of New Minya City.
The launch reflects the consortium’s strategy to support urban development in Upper Egypt and deliver fully integrated residential communities aligned with the evolving needs of the Egyptian real estate market.
The announcement was made during a large-scale ceremony attended by members of parliament, prominent businessmen, real estate developers, marketing firms, media representatives, and public figures.
Strategic Vision Behind BAYAN Compound
Eng. Ahmed Megahed, Chairman of Summit Development, and Eng. Mohamed Khalaf, Chairman of Dynamic Group, presented the unified vision behind the project.
They emphasized that collaboration between the two companies extends across all stages of development and engineering planning, with a strong focus on delivering a high-quality real estate product built on transparency, commitment, and excellence.
The project aims to meet customer expectations while adding real value to the New Minya real estate market.
A Strategic Investment Partnership in New Minya
Eng. Ahmed Megahed explained that BAYAN Compound represents a strategic partnership model that brings together:
- El Etahad Development as the land owner
- Summit Development and Dynamic Group as development partners
This investment structure combines financial expertise, development vision, and engineering planning to create a fully integrated residential community aligned with the ongoing urban expansion in New Minya.
Project Details: 13 Acres with Strong Focus on Green Spaces
The project spans an area of 13 acres, with a built-up ratio not exceeding 20% of the total land area.
The majority of the land is dedicated to green spaces, open areas, and essential services, ensuring a high-quality living environment and enhancing residents’ lifestyle standards within a well-planned residential community.
Strong Confidence in Minya’s Real Estate Market
Dr. Ashraf Othman, Managing Director of El Etahad Development, highlighted that the real estate market in Minya Governorate offers significant investment opportunities that deserve more ambitious development initiatives.
He noted that the selection of Summit Development and Dynamic Group was based on their strong expertise in real estate development and the company’s commitment to executing the project according to the highest professional and technical standards.
First Step Toward Future Development Projects in Upper Egypt
He added that BAYAN Compound is the first milestone of this investment alliance, launched under the slogan:
“Clarity in Every Detail”
This reflects the project’s philosophy of transparency and precision in all planning and execution phases.
The participating companies also confirmed that the project marks the beginning of a series of future developments aimed at enhancing the urban landscape of Minya Governorate and promoting the concept of fully integrated residential communities across Upper Egypt.
