Novara
2 projects
About
Novara Development (Novara Holding) is a relatively recent entrant to the Egyptian real estate market, founded by businessman Mohamed Shibl. The company's stated approach centers on selecting distinctive locations for mixed-use projects that blend hospitality, residential, and commercial components. Their portfolio in Egypt currently includes two projects: Rêve Du Nil Maadi, a hotel tower on the Nile Corniche in Maadi, and Giza Downtown Towers, a large-scale hospitality and commercial complex in the heart of Giza. Research indicates the company has established strategic partnerships with international consultants and hotel operators, including IHG Hotels & Resorts for management and OBMI for design. Novara also holds an existing project portfolio in Saudi Arabia. As a newer developer, the track record is still being built, with market perception tied to the execution and delivery of these initial high-profile projects.
