Egypt – 7 September 2026: MAGNA Developments company announced the appointment of Akram El Sheikh as Head of the Commercial Sector, in a move aimed at supporting the company's growth plans and enhancing its commercial development and sales operations, based on his experience that extends over 22 years in business development, commercial sector management, and industrial and real estate investment.
El Sheikh's joining MAGNA Developments is the culmination of a diverse career path that has taken him through IT, marketing, consulting, industrial development, business development, and asset management sectors, till reaching his current role in real estate development, as this experience provided him with comprehensive expertise in building commercial strategies, managing growth, and developing partnerships.
Akram El Sheikh, Head of Commercial Sector at MAGNA Developments, said that his move to the company represents a new phase in his career, noting that the accumulated experience across different sectors becomes even more valuable when applied within a single industry that offers genuine growth opportunities, and that is happening today in the Egyptian real estate market.
He added that the commercial sector is no longer limited to achieving sales targets, but it has become a key partner in creating the real estate product itself, understanding client needs, determining project launch mechanisms, and building a long-term relationship with the market, pointing out that from this perspective, he sees his role at MAGNA Developments as extending beyond sales management to participating in building an integrated commercial system that supports the company's direction in the coming phase.
He emphasized that the Egyptian real estate market is currently experiencing a phase that requires companies with a genuine ability to anticipate changes, not just reacting to them, thus his focus at MAGNA Developments will be on building a flexible commercial strategy that achieves a balance between the company's objectives, client needs, and market challenges.
Akram El Sheikh's career includes several leadership positions in companies and institutions operating in various fields, as he began his career from 2005 to 2012 in information technology and digital programming at Oracle, before moving into marketing and marketing consultancy through ACE Marketing Consultancy, then worked in business development and planning for a number of companies operating in the industrial, marketing, and export sectors.
By the end of 2012, he assumed the position of Business Development Manager at Egypt-TEDA Investment, where he participated in the company's expansion plans and the development of an area of up to 7.5 million square meters. He was also part of the team organizing the commercial aspects of the Chinese President's visit to Cairo during that period, which produced strategic trade agreements between Egypt and China.
At the end of 2015, he moved to Polaris Parks Industrial Development as Business Development Manager, where he participated in preparing the company's expansion plans, which included developing an industrial zone in Sadat City covering an area of two million square meters, as well as planning a strategic partnership to develop an area of 5.5 million square meters in the Suez Canal Economic Zone.
In 2017, he joined Cleopatra Group as Head of Development and Asset Management at Eldorado Industrial Development, where he oversaw several portfolios related to industrial assets, development, and improving business efficiency across the group's real estate and commercial projects.
Upon shifting to the real estate sector, Akram El Sheikh joined the founding team of Radix Development in 2018 as Head of Business Development. Following the company's restructuring, he became Executive Vice President, a role he held until 2024, and from 2024 until mid-2025, he served as the company's Co-Founder and CEO.
From mid-2025 until the end of the third quarter of 2026, El Sheikh held several advisory and executive roles related to the commercial sector at real estate companies, including Golden View Development, Mass Development, Prop-Commercial, and ARX Development.
He then joined MAGNA Developments as Head of the Commercial Sector at the beginning of the fourth quarter of 2026.
Academically and professionally, El Sheikh earned a Project Management Professional diploma (PMP) from the Project Management Institute (PMI) in 2008, and a Diploma in International Marketing from the Egyptian Ministry of Foreign Trade Training Center (FTTC) in 2009. He also holds an export and international marketing license from the General Organization for Export and Import Control (GOEIC).
He also obtained a diploma in Governance and Startups & Entrepreneurship Management through a USAID grant from the U.S. Embassy in Cairo in 2010, and an Advanced Business Development Certificate from the Industrial Modernization Center (IMC) in 2012.
Akram El Sheikh is a member of the Egyptian Businessmen's Association and the Egyptian-Canadian Business Association, reflecting his great experience and professional relationships across various business and investment sectors.
Akram El Sheikh assured that the next stage for him is not just about moving to a new position, but rather an opportunity to translate years of accumulated experience into tangible results within MAGNA Developments, and to build a business sector capable of creating real value for both the company and the client.