International Workplace Group (IWG), the world’s largest and fastest-growing provider of flexible workspaces, announced it signed 899 agreements for new centers globally and opened 624 centers in 2024, Invest-Gate reports.

Around 95% of these new locations were launched under management partnership agreements, aligning with IWG’s low-investment growth strategy.

IWG’s expansion is driven by rising demand for flexible workspaces amid a decline in traditional office space usage. Developers and property owners are increasingly partnering with IWG’s 18 brands, including Regus, Spaces, HQ, and Signature, alongside new collaborations such as Yoo, the world’s largest residential design firm.

Egypt emerged as one of IWG’s fastest-growing markets in 2024, closing the year with 18 centers across the country. The company plans to open 30 new centers by 2025 and aims to operate 150 flexible workspaces nationwide by 2030.

IWG continues transforming traditional spaces into dynamic work environments, particularly in suburban and small-town communities globally, including El Gouna in Egypt. With thousands of locations in over 120 countries and three decades of experience, IWG offers tailored workspace solutions for all types of properties.

“The year 2024 was exceptional, with record-high revenues and network expansion,” said Mark Dixon, CEO of IWG. “We will continue investing in our global platform and expanding through low-cost models.”

Mark DeCrozay, Executive Director for the Middle East, Africa, and Asia Pacific, added: “Flexible workspaces are increasingly vital as businesses seek productive solutions without long commutes.”