IGI Developments, a leading force in Egypt’s real estate sector, has announced several major updates in celebration of its 30th anniversary. Founded in the 1990s, the company was one of the trailblazers in introducing gated communities in both West and East Cairo.
Marking three decades of success, IGI Developments has outlined an ambitious growth strategy to strengthen its market position. This includes launching three new specialized entities: one focusing on club management and development, another dedicated to asset and facility management for non-residential properties, and a third entity specializing in gated community management. These initiatives highlight a strategic shift toward providing integrated services that offer added value to clients.
The company is making considerable efforts to complete various development phases, targeting the delivery of 900 units across its projects, all set to be handed over in 2024. IGI Developments prioritizes securing contractor agreements before launching projects, ensuring transparency and building trust with its clients. This approach has enabled the company to meet most of its sales goals for the year, with 35% of sales coming from international clients—a testament to IGI’s growing appeal in both Arab and global real estate markets.
In response to increasing market demand, IGI Developments continues to expand its project portfolio, acquiring additional land parcels near its existing developments. These new plots have been integrated into ongoing projects, such as Ashgar City in 6th of October City, to broaden its offerings. Additionally, the company is extending its footprint in the commercial, administrative, and medical sectors, with two major projects underway—one in October Gardens and another in Dahshur Link, the latter set to launch soon. Furthermore, IGI plans to develop a new club spanning 12 feddans and another club on a 6-feddan plot in 6th of October City.
Looking forward, IGI Developments is preparing to finalize a contract for a 540-acre plot in New Sphinx City, a prime location along the desert road and northern expansions. Currently in the design phase, this project is expected to launch its first phase in early 2025, offering low-density developments featuring premium units.
Commenting on these milestones, Eng. Sherif Mostafa, CEO of IGI Developments, expressed his pride and enthusiasm for being part of a real estate powerhouse that has established a unique position in local and regional markets. He remarked, “After 30 years since IGI Developments’ inception, we are celebrating an extraordinary journey of success and innovation. This journey began within the framework of IGI Holding and the Sheta Family, an entity with over 80 years of history in Egypt’s most significant economic sectors. IGI Developments has emerged as a robust real estate developer, delivering unique and innovative products.”
Mustafa added, “We are committed to delivering the highest quality standards across all our projects, striving to meet and even exceed our clients’ expectations. Our integrated projects and flexible payment plans ensure that we cater to our clients’ needs while remaining attuned to their financial capabilities. Our direct engagement with clients at various local and international exhibitions allows us to understand their requirements firsthand. We are excited to join the Cityscape exhibition for the third consecutive year, where we will showcase our latest projects and achievements. We look forward to welcoming visitors and sharing our continued journey toward excellence and success.”
As IGI Developments looks to the future, it is poised to further cement its leadership in Egypt’s real estate market through its diverse project portfolio. Among the company’s upcoming projects is “Ashgar Heights” on Al Wahat Road in 6th of October City, a 38.5-feddan development that includes the “Starla & Skyla” residential offerings. Additionally, “Ashgar City” in 6th of October Gardens has expanded to cover 160 feddans, while the “Garden Gate” project spans 11 feddans within Ashgar City. IGI has also fully completed “Al Ashgar,” a 176-feddan development, which includes the final phase “Jada,” covering 23,500 square meters.
Other completed projects in 6th of October City include “Gardenia Park,” a 90-feddan development, along with “Gardenia Park II.” In New Cairo’s Fifth Settlement, IGI Developments successfully completed “Gardenia Springs,” one of its pioneering projects along the Gamal Abdel Nasser Axis, covering 58 feddans. The company’s future expansion plans include developing a commercial project in New Cairo’s Fifth Settlement through a strategic partnership, while also exploring key investment areas to identify new opportunities that align with its long-term strategy.