Hyde Park Developments was established
in 2011, and is jointly owned by a reputable consortium of Egyptian investment
and development companies and institutions, all of which are well established
and highly credible in the local market. The company is owned and operated by a
strategic and proprietary partnership between the Egyptian Housing and
Development Bank (36.9%), Egyptian Arab Bank EBA (24%), Investment and
Development Holding Company (18.2%), New Urban Communities Authority - New
Urban Communities Authority (20.88%), El Taameer. Investment and Real Estate
Development LLC (0.02%), previously known as “DAMAC Properties for Development,
and the company’s name was officially changed to “Hype Park Properties for
Development (HPD) in May 2011 and has no current relations with the UAE’s Damac
Properties.