Akam Alrajhi
Since 2022 1 project
About
Akam Alrajhi Developments is a joint venture formed through a partnership between Egypt’s Akam Developments and Saudi Arabia’s Al Rajhi Group, officially established in 2022. The developer entered the market with a clear focus on one flagship project: D.O.S.E North Coast, a 125-acre resort in Ras El Hekma with a 450-meter beachfront. That single project became the primary reference point for evaluating the partnership’s execution capabilities, with reported sales approaching EGP 5 billion by 2023. Rather than relying on a long portfolio of delivered projects under the joint name, Akam Alrajhi has concentrated its early reputation on the design and operational partnerships behind D.O.S.E—such as the terraced master plan that gives most units sea or lagoon views, and the hotel management agreement with Absolute Hotels Services for the U-Hotels branded phase. The track record remains short but focused: one project, one defined location, and a measured discussion about future expansion within Egypt. Buyers assessing the developer should weigh the clarity of this first test over unverified promises.
