IGI Developments, a prominent real estate developer and one of the pioneering companies that introduced the concept of integrated residential communities to the Egyptian market in the mid-nineties, is proudly participating in the 12th edition of the Cityscape Egypt 2023. During this event, the company will showcase a diverse range of residential and commercial units from its distinguished projects, accompanied by enticing offers and facilitations. You can visit IGI Developments at Cityscape, which will be held from September 20th to September 23rd at the Egypt International Exhibition Center.
IGI Developments has earned recognition for its significant contributions to the development of new cities. Its remarkable projects include Gardenia Park in 1994 and Al Ashgar in 1997, both located in the 6th of October City. These groundbreaking developments have been followed by other successful projects such as Gardenia Park II, Gardenia Springs, Ashgar Heights, and Ashgar City.
Sherif Moustafa, the Managing Director of IGI Developments, clarifies that “Building on its extensive track record of experience, IGI Developments was keen on having a continuous relationship with its clients by communicating with them directly and indirectly to learn more about their requirements and needs”. He emphasized that this commitment is exemplified by the company’s active participation in various events, both in Egypt and internationally, with Cityscape Egypt serving as a prominent illustration. The 2023 edition draws the participation of over 70 exhibitors.
Sherif Moustafa expressed his enthusiasm for IGI Developments’ involvement in Cityscape Egypt 2023, emphasizing that this is not the company’s inaugural participation. He added, “In the previous year, the company achieved remarkable sales success, bolstered by distinguished offers and competitive pricing.” He highlighted the company’s plan in this year’s edition, “We are very keen to participate in Cityscape Egypt as a pivotal component of the company’s 2023 marketing plan, which encompasses the promotion of real estate products in Egypt and abroad.”
Furthermore, Sherif Moustafa shared the company’s plan, “We are in the process of participating in the Nile Expo in Jeddah and Riyadh next November and also considering the participation in other prestigious exhibitions such as Cityscape Qatar and exhibitions in the UAE.” He noted that 15% of the company’s clients are foreigners, underscoring the significance of Egyptian real estate in the foreign markets, making it an enticing investment opportunity for foreign investors.
IGI Developments Builds Trust Through Quality & After-Sales Excellence
On the flip side, “We have already achieved over 700 sales transactions since the beginning of 2023 and anticipate closing at least 1,000 by the year-end.” The top executive highlights that a significant portion of 25% of the company’s sales in new phases and projects predominantly stem from referrals made by satisfied previous customers. This reflects their unwavering trust in IGI Developments’ commitment to quality and after-sales services.
In conjunction with that, Sherif Moustafa affirmed, “We aim to deliver an additional 1,000 units by the year’s end, fulfilling our responsibilities to our valued clients.”
Sherif Moustafa further emphasized, “At Cityscape 2023, IGI presents both ready-to-move and under-construction units. We have a deliberate practice of offering units for sale only after the construction contract is signed. This approach ensures that pricing is fair, safeguarding the contractual rights of our clients. It also enables the company to fulfill its obligations and avoid any potential obstacles that could adversely affect our relationship with clients. Collaborating with reputable contractors is instrumental in delivering top-tier real estate products of impeccable quality, replete with all the elements necessary for a successful investment.”
Regarding IGI Developments’ offerings, Ashgar City enjoys a strategic location, situated close to Al-Wahat Road, Ring Road, Fayoum Road, and Dahshur Road, spanning an expansive area of 148 feddans. The company has recently entered into a new partnership with our contractor, Solid, worth EGP 500 bn for the construction of a new phase within Ashgar City.
In the case of Ashgar Heights, which initially featured villas and townhouses, IGI Developments has unveiled a fresh phase called Skyla. This phase comprises apartments ranging from one to four bedrooms, with areas starting from 65 to 205 sqm. The infrastructure for Ashgar Heights is designed by GDG, while Profilers is responsible for the architectural designs. Offering competitive prices, Ashgar Heights units begin at EGP 1.7 mn, with flexible payment plans extending up to eight years.
IGI Developments’ New Expansions Encompass Residential, Commercial, Administrative, and Sports Sectors
In addition to their residential projects, IGI Developments’ expansion strategy encompasses a range of commercial and administrative projects. Significantly, IGI Developments is in the process of expanding its projects’ portfolio and has introduced its first commercial and administrative project, known as City Central within Ashgar City. Furthermore, the company is gearing up for the launch of additional commercial and administrative projects in both West and East Cairo.
According to Sherif Moustafa, these endeavors are spearheaded by the City Central project within Ashgar City, which has already garnered substantial interest. Notably, City Central will feature clinics offering medical services to more than 4,000 families upon the full delivery of Asghar City.
He mentioned that the company possesses a substantial non-residential land bank spanning 350,000 sqm. Alongside City Central, IGI Developments has commenced the design phase for an 11,000 sqm commercial and administrative project situated in Gardenia Park II, strategically positioned on the Dahshur Extension from Al Wahat Road. This location represents one of the company’s prime assets within the 6th of October City. IGI Developments has collaborated with esteemed consultancy firms, including The Board Consulting for Marketing Strategy, and MOD for the design and concept of this project.
Regarding their residential expansions, IGI Developments plans for a 540-feddan project in the New Sphinx City. Sherif Moustafa revealed that they have already secured initial approval for the land use conversion, shifting it from agricultural to an integrated urban development for the first phase. The project’s concept is designed to incorporate abundant green spaces and landscaping, including the preservation of 60,000 olive and grape trees that were planted 25 years ago, aligning with the principles of landscape and sustainability.
The project’s planning is designed with a focus on energy conservation within buildings, aiming to minimize energy consumption while reducing the reliance on lighting and ventilation systems. Furthermore, the project will prioritize the efficient use of building materials to curtail waste and minimize emissions that can be harmful to the environment.
In parallel, IGI Sports Management, a newly established subsidiary of IGI Developments, is set to play a pivotal role in the company’s expansion. Presently, it manages the existing clubs within IGI Developments’ projects and has plans to oversee the development and management of additional clubs. The current roster of clubs includes Al Ashgar and Ashgar City clubs, operating in cooperation with our partner “Scope” to ensure optimal development and design.
IGI Developments stands out for its remarkable track record of over 80 years in the realm of successful and reputable development. As an extension of the International Holding Company for Financial Investments (IGI) and the esteemed Sheta family, whose legacy dates to 1942, the company has delivered a wide array of projects spanning diverse sectors, including textiles, food, industry, housing, petroleum, and construction.