About Me

Fanarah Development, LLC's Founder and Chairman is Dr. Ayman Kandeel. Ayman is best recognized as a sharp economist and serial entrepreneur.

Dr. Ayman Kandeel organized and handled the $680 million sales of AK for Real Estate Marketing and Development (AKREM) to Inertia Developments in November 2018 as the founder and CEO of Borak Capital Holding, a Cairo-based boutique investment bank. The majority of AKREM's investors received a return of more than 300 percent as a result of this transaction.

Fanarah Developments, LLC, led by Dr. Kandeel, launched the Fanarah Coast concept in 2015, the first attempt in Egypt to create an integrated resort along the Mediterranean seafront. The project was renamed Jefaira in 2016, and it is now the largest Mediterranean-front project of its sort along the entire Mediterranean Sea coast.

Dr. Kandeel developed and co-managed numerous financial enterprises between 1999 and 2009, including Borak Capital Holding, Arab African International Securities, and Pi Capital, Inc., to mention a few. He has raised considerable cash for a variety of enterprises in the technology, real estate, entertainment, and finance sectors.

Dr. Kandeel launched AK Comics in 2001, a well-known comic book publisher with over forty titles in English, Arabic, Greek, and Chinese. AK Comics imagined the harmonious Middle East in the future by creating a Muslim, a Jewish, and a Christian superhero/superheroine. The universe of the three heroes revolves around the premise of defending an imaginary parallel Middle Eastern from plots aimed at disrupting alleged futuristic calm. He has appeared on numerous media channels, including the BBC, NPR, CNN, Al Jazeera, NBC, and John Stewart's The Daily Show, to mention a few, and as a result of this attempt, he has met many well-known politicians, several of whom remain in his close circle of connections.

Dr. Kandeel is enthusiastic about the advertising industry. Bonus Advertising, which was subsequently acquired by JWT, was founded in 1995. Today, JWT Cairo is widely regarded as Egypt's leading advertising firm. He is also a major shareholder in Advision, one of Egypt's most well-known below-the-line advertising firms.

Dr. Kandeel has a Ph.D. in emerging financial markets from USC, MA degrees in economics from both the American University in Cairo and the University of Southern California, and an MA from the University of California, Santa Barbara. From 2003 to 2009, he was a professor at Cairo University. He also gave talks at the University of Southern California and California State University, Long Beach. Dr. Kandeel announced his retirement from academia in April 2011 in order to focus more on his companies in the United States and Egypt.

Dr. Kandeel now serves on the boards of Arab African International Securities, The Space SaMo, Pacific Agencies and Contractors Corporation, Al Forsan Holding, and Borak Capital Holding.