During the company’s roundtable held on Sunday, May 18, 2025, Dr. Ahmed Shalaby, President and CEO of Tatweer Misr, announced the 2024 project results and outlined the 2025 strategy. He stated that the company achieved strong results in 2024, with sales reaching EGP 33 bn compared to a target of EGP 32 bn, investments of around EGP 4 bn, and the delivery of 1,400 units.

Additionally, 2,350 units were sold in 2024, bringing the total number of units sold to 16,000, of which 5,000 have been delivered and 4,000 are under construction.

Regarding the financial statements for 2024, Shalaby confirmed that the company successfully achieved contractual sales worth EGP 33 bn and reported profits of EGP 1.7 bn. This is the first time the company has recorded profits since its establishment in 2014, as these profits fully settled the accumulated losses from previous years.

He noted that the increased volume of deliveries and the use of hedging mechanisms against economic fluctuations were key factors in the shift to profitability.

Shalaby indicated that no dividends would be distributed to the company’s shareholders; instead, they will be directed toward absorbing carried forward losses and accelerating project construction. He stated that the company achieved financial liquidity of EGP 2 bn by the end of 2024, while customer balances amounted to approximately EGP 40 bn.

Shalaby emphasized that 2025 represents a milestone in the company’s journey, focusing on innovation and expansion both internally and externally. He noted that innovation and creativity have been the foundation of the company’s operating philosophy since its inception 10 years ago.

He added that Tatweer Misr has succeeded over the past decade in introducing innovative projects to the Egyptian market, establishing its name as a leading brand in the real estate development sector.

He mentioned that the company has recently adopted a strong governance program to enhance management efficiency and ensure sustainable growth.

Shalaby stated that the company has already begun taking serious steps to restructure its business in preparation to float on the Egyptian Exchange within two years.

He explained that the restructuring process includes developing the company’s administrative structure as part of an integrated strategy aimed at enhancing Environmental, social and governance (ESG) principles in line with IPO requirements.

Shalaby confirmed that by 2025, the company aims to achieve contractual sales exceeding EGP 35 bn and plans to invest EGP 14 bn in construction and land installments during 2025. Furthermore, the company aims to deliver 2,000 units across its various projects in 2025.

He explained that the company is keen to create a balance between project sales rates and implementation rates to avoid any financial losses resulting from price differences during the project implementation period.

He pointed out that the company achieved EGP 6 bn in sales during the first quarter of 2025, delivered 500 units, and invested EGP 3 bn in construction and land installments for its projects.

Shalaby confirmed that during the first quarter of 2025, Tatweer Misr successfully reached an agreement with the Arab African International Bank (AAIB) and Al Ahly Pharos Investment Banking to launch the company’s first multi-issue securitization program, totaling EGP 20 bn over five years. The company aims to complete the first issuance, valued at EGP 2 bn, during the last quarter of this year.

Shalaby explained that the company aims to deliver more than 2,000 residential units to its customers in various projects during 2025, achieving total net profits of up to EGP 2 bn by the end of that year.

Regarding Tatweer Misr’s results and achievements in its transition to sustainability, Shalaby emphasized that the company focuses on establishing sustainable and smart projects. He noted that Tatweer Misr was the first real estate development company in Egypt to receive the SmartScore Platinum certification, the highest category offered by the international WiredScore Foundation, for its headquarters in Arkan Plaza in Sheikh Zayed City, recognized as the best building in the smart building category.

Moreover, Tatweer Misr has obtained four ISO certifications that reinforce its commitment to international standards and demonstrate its integrated approach to smart and sustainable urban development namely: ISO 9001 for Quality Management, ISO 14001 for Environmental Management, ISO 45001 for Occupational Health and Safety, and ISO 50001 for Energy Management. The company is also working to obtain additional certifications for its sustainability projects.

He revealed that approximately 50% of the company’s sales in 2023 and 2024 were directed to customers abroad, reflecting the attractiveness of the company’s products and the confidence that Egyptians abroad and foreign investors have in its projects.

Regarding the company’s expansion plans in foreign markets, Shalaby stated that Tatweer Misr is currently exploring numerous investment opportunities in the Saudi market in collaboration with Naif Alrajhi Investment. Additionally, it is studying four investment opportunities in Oman across various sectors. He expects to launch its first projects outside Egypt before the end of this year.

He emphasized that Tatweer Misr is consistently in discussions with Arab companies to collaborate on various investments, including education, hotels, and residential projects. The goal of investing abroad in Saudi Arabia and elsewhere is not merely to inject capital but to showcase the company’s capabilities as a real estate developer.

Shalaby added that pricing standards in the Egyptian real estate market are disciplined and fair, based on land prices, construction costs, and other expenses. He emphasized that the recent increase in real estate prices is linked to rising costs of utilities and services, as well as inflation and higher interest rates.

He predicted that real estate prices will rise by 20% to 30% by 2025, which is a natural increase for projects. However, in the North Coast region, estimating the financial value of price ratios is challenging due to the volume of demand and the diversity of real estate products offered by companies. He noted that Tatweer Misr’s projects are among the best in the North Coast region in terms of location, implementation, and after-sales services.

Shalaby explained that the company is continuing to implement its plan for the current year, which includes investing EGP 14 bn, achieving sales of EGP 35 bn, and delivering 2,000 residential units. This includes the delivery of 200 units ahead of schedule in the “D-Bay” project during the summer. Additionally, 100 units will be delivered in the “Fouka Bay” project, construction will begin on the “Salt” project, and 90 units in the first phase of the “Rivers” project will be delivered ahead of schedule by the end of the year or early next year.

He mentioned that the company has a strong plan to increase its non-residential project portfolio over the next five years and is conducting studies in this regard, which will require forming partnerships with other investors due to the high costs associated with non-residential projects.

Shalaby pointed out that, given the stability that has existed since last year and the governance of the currency exchange rate, the company aims to attract foreign investment.

On the education front, Shalaby stated that Tatweer Misr will accelerate the implementation of its education project in East Cairo, particularly in light of its expansion into hotel projects. Approximately 200 hotel units are expected to be completed in the “D-Bay North Coast” project this year.

He noted that the company recently conducted a study comparing the prices of its projects over the past 10 years with the prices of gold and the dollar during the same period. The results showed that gold rose by 1,750%, while prices of chalets in the “Il Monte Galala” project in Ain Sokhna increased by 1,765%. In contrast, the dollar rose by 642%, and prices in the “Fouka Bay” project on the North Coast increased by 2,250%. This data underscores that real estate is a safe haven for investments.

He pointed out that the average increase in real estate prices over the past seven years has been about 700%, confirming the investment returns achieved by customers in various projects, especially those from Tatweer Misr, which are implemented with high quality, using the latest sustainable and smart technological solutions to meet customer needs.

Regarding investments in assets and real estate in the downtown area, Shalaby noted that this is a topic the company is seriously considering, given the high rental returns and the strong opportunities it presents for both administrative and hotel sectors. He mentioned that the company aims to diversify its investment portfolio beyond residential apartments.

He explained that since its inception in 2014, Tatweer Misr has embraced innovation as a fundamental pillar of its strategy, always striving to provide added value to its customers and strengthen partnerships with major local and international institutions for innovative solutions in smart urban development. From this perspective, the company has developed a sustainable and smart infrastructure to create an integrated technological system that supports the Internet of Things (IoT), reinforcing its position as a leader in the smart cities sector.

Regarding the company’s 2025 goals, Shalaby explained that the company has drawn up a set of plans, focusing on expansion and recruiting top-level executives across all sectors. This demonstrates the company’s commitment to implementing governance and restructuring that align with its expansion vision for the upcoming period.

Shalaby revealed the company’s most significant innovation currently being introduced to the Egyptian market: the REACH program, which includes several marketing plans designed to meet customer needs. He noted that this new vision encompasses providing units across the company’s various projects with payment plans ranging from 5 to 15 years, confirming the company’s commitment to addressing customer needs in terms of both unit diversity and payment mechanisms.

He added that the company has a diverse portfolio of projects that meet the needs of the real estate market, spanning over 7 mn sqm in various investment zones, including the North Coast, West Cairo, and East Cairo. He pointed out that these projects include residential, tourism, entertainment, commercial, administrative, educational, and service activities.