Royal Developments has revealed its business results for 2024, highlighting several achievements that contributed to the growth of the company’s operations in the Egyptian market, Invest-Gate reports.

The year 2024 witnessed a series of successes for the company, including the signing of important agreements and the attainment of quality certificates and innovation awards for performance and growth.

This progress aligns with a well-established strategic plan designed to position the company as one of the leading real estate development firms in the Egyptian market over the next five years.

During 2024, the company achieved 95% of its sales targets, as set according to the project’s construction plan, which represents 40% of the sales for the Monark project in Mostakbal City.

Dr. Karim Shaalan, CEO of Royal Developments, noted that the Monark project has garnered significant demand from customers due to its prime location, architectural designs, and unique recreational services that enhance quality of life. The project is situated in one of the most distinguished areas of Mostakbal City, characterized by green spaces and picturesque views, providing a tranquil retreat in the heart of the city of the future. It also offers unparalleled amenities, high-end finishes, and stunning architectural designs.

He emphasized that the project transcends mere housing construction, aiming for a unique royal standard, which contributed to the company receiving the Most Innovative Developer Award from the Global Economics Foundation at the end of 2023, thanks to the project’s magnificent design.

Additionally, the company accelerated the pace of implementation, achieving record construction rates, which led to it receiving the Fastest Growing Award during 2023 from the same foundation, renowned for evaluating the performance of economic establishments globally. This recognition sets a strong foundation for 2024, supporting the company’s vision of building urban communities that exceed customer expectations.

Furthermore, Shaalan highlighted the project’s commitment to performance and innovation, alongside the provision of advanced technical and technological capabilities. This commitment is reflected in the company’s strategy of partnering with leading specialized firms across various fields to ensure the project is executed to the highest standards and engineering designs agreed upon with clients. The company has entered into several agreements and contracts with successful partners, significantly enhancing the project’s investment value. Notably, among these agreements is a collaboration with Vodafone Egypt to provide integrated communications services, known as “Triple Play.”