Wise Developments has officially entered the Egyptian real estate market, announcing plans to invest EGP 3 bn in diverse projects for the 2024-2025 fiscal year, Invest-Gate reports.

The company’s launch is backed by the extensive expertise of its founders in real estate development, engineering, and legal consultancy.

For his part, Chairman Ahmed El-Sahtary emphasized the need for greater transparency and honesty in the Egyptian real estate market. He stated that Wise Developments is committed to providing clear and accurate information to clients, ensuring that they fully understand their investment choices.

Moreover, El-Sahtary highlighted that all Wise partners bring substantial experience in overcoming challenges at all levels of real estate development. The company is dedicated to offering competitive pricing while maintaining a reasonable profit margin and avoiding inflated prices that disregard customer needs and financial capabilities.

Furthermore, Wise Developments boasts a significant land portfolio in key locations and plans to begin operations in New Cairo. This area was chosen for its strategic importance, proximity to the New Administrative Capital and the Capital Gardens, in addition to its alignment with the government’s development initiatives.

The company also aims to build a diverse portfolio of residential, commercial, administrative, and medical projects, catering to a wide range of clients.

Notably, El-Sahtary expressed confidence that Wise Developments will soon rank among Egypt’s top real estate companies, and it aims to export its products internationally.