Al Ahly Sabbour Developments, one of the leading real estate development companies, has announced the signing of a sponsorship agreement for the 12th World Urban Forum (WUF12), serving as a gold sponsor of the event, Invest-Gate reports.
Scheduled to take place in Cairo from November 4 to 8 under the patronage of President Abdel Fattah El-Sisi, this forum is a crucial global event within the United Nations’ agenda for urbanization and sustainable urban development.
Al Ahly Sabbour Developments’ sponsorship of WUF12 aligns with its strategy to achieve sustainable development goals in accordance with global trends and to raise awareness about sustainable urbanization.
This sponsorship also aims to support international cooperation and exchange experiences with global counterparts, thereby enhancing Egypt’s position as a leading regional center in urban development and opening new horizons for investment in the Egyptian real estate sector.
WUF12 represents an ideal opportunity to showcase Egypt’s pioneering experience in comprehensive urban development, of which Al Ahly Sabbour is a key part. The company has consolidated its position in the real estate sector through its commitment to developing exceptional real estate products and leveraging its experience spanning more than three decades. Al Ahly Sabbour’s efforts have significantly contributed to advancing urban development in the country, aligning with the objectives of WUF12.
Al Ahly Sabbour Developments reported sales of EGP 25.5 bn in the first half of 2024, out of a targeted annual total of EGP 30 bn, compared to EGP 6 bn during the same period last year—an increase of over 400%—through its various projects.
This reflects the success of the company’s new strategy and strong customer confidence in its brand, as well as their desire to invest in its distinguished projects, including its two flagship developments: At-East in Mostakbal City and Summer on the North Coast. This positions Al Ahly Sabbour as one of the most important real estate developers in Egypt.