Magna Developments was established in 1998, after the merger of several companies, namely (Brand Build, SMS, FME, YBA). Its Board of Directors is chaired by Mr. Faisal Khalil, while the managing director is Hassan Zidan. It is a leading company in the field of real estate, and is responsible for completing the design phase of the eastern part of all Administrative Capital projects, which includes distinguished places such as the Mosque of Egypt and the Gold marker.