Founded by Mohamed Morshedy in 1983, Memaar Al Morshedy has built over 1,100 buildings, 156 complexes, 26 malls, 18 nurseries, 14 mosques, 11 schools, six medical clinics, and two hospitals. As of 2022, the company had total assets worth $6 billion in Egypt, consisting of 14 residential, commercial, and administrative mega-projects. In 2022, the company entered the education sector by launching Al Hayah University, which expects to cater to 5,000 students. Other projects include Kattameya Gate, Degla Landmark, Bavaria Town, and One Kattameya.