Business parks in Egypt are considered a modern business in the real estate sector. The first business park was launched by Samcrete Development with a clear future vision, to launch a one-of-a-kind Egyptian business district—Pyramids Heights Business Park—in the year 2000.
However, the number of business parks in the country still remain limited compared to their potential opportunities. The list of business districts in Egypt includes, but is not limited to, Capital Business Park (Dorra Group) developed on 35,000 sqm, Cairo Business Park (Misr Italia) on 75,615 sqm, and Smart Village, a public private investment city for office spaces located in 6th of October City in west Cairo which launched in 2001.
A business or office park is a grouping of several office buildings, and are mainly of commercial business nature.
Sales of office spaces in Egypt witnessed significant growth in recent years, as business parks became attractive for tenants mostly looking for flexibility, security, and value. Furthermore, most of the tenants are currently searching for large landscaped gardens, a modern work environment, and premise facilities, such as flexible office spaces and logistical facilities.
