Somabay Developments is an elite entity which belongs to the partnership between The Olayan Group and Tawfiq Gargour & Fils (TGF).
The Olyan Group is a distinguished multinational Saudi company with a powerful presence in real estate and a wide range of other industries. Driven by a global outlook and supported by substantial investments across multiple countries, the group operates through international offices in key cities such as London, New York, Luxembourg, Vienna, Athens, and Singapore. In the Middle East, its operations are managed from its regional headquarters in Riyadh, Saudi Arabia.
Established in 1947 by the visionary entrepreneur Suliman Saleh Al Olayan, the company began as a family-owned venture and has since grown into one of the region’s most influential investment groups. Over the decades, it has built a diverse portfolio that spans real estate, retail, financial services, industry, and hospitality, positioning itself as a pioneer in billion-dollar investments and a trusted name in long-term sustainable growth.
Tawfiq Gargour & Fils (TGF), founded in 1928 in Jaffa, Palestine by Tawfiq Gargour and later joined by his four sons, began as a trading company dealing in oranges, steel, foodstuffs, and other products. In 1936, it established a pivotal partnership with Mercedes-Benz by importing cars in exchange for oranges, marking the start of a long-standing relationship.
By the 1960s, TGF had expanded into a multi-million-dollar enterprise with shipping and trading companies operating across more than 15 countries in the Middle East, Europe, and Canada.
Village Soma Bay Hurghada by Somabay Developments is more than a resort, it is a sanctuary by the sea, built on thoughtful design, world-class services, and integrated facilities. Spanning 55 acres, it offers a seamless blend of modern living, lush green landscapes, and vibrant amenities, creating a balanced and serene environment for families and friends.
Its true charm lies in the architecture, where every chalet overlooks the turquoise waters and golden sands of the Red Sea. With a style that marries timeless heritage and modern sophistication, the village delivers not only beautiful homes but also lasting value and a deep connection to nature.
Available units at Somabay Village Hurghada
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