Q Developments held its annual event 2025 to celebrate the company’s achievements over the past year, recognize its team members and success partners, and announce its recent accomplishments, future investment plans, sales, and expansion targets for the upcoming year, Invest-Gate reports.

The event was attended by Eng. Ahmed Thabet, CEO of Q Developments, along with the company’s board members and key stakeholders, including Sherif Helew, Hisham El-Danasoury, and Mohamed Farag.

In his speech, Sherif Helew highlighted his extensive 25-year journey in the real estate sector. He described Q Developments as the youngest of his ventures, created to cater to a market segment representing 40% of Egypt’s purchasing power.

Eng. Ahmed Thabet highlighted the company’s rapid progress since its establishment in April 2023. Q launched its first project, “Q North” in Sidi Abdelrahman, in July 2023, followed by the groundbreaking of its second project, “Q San Stefano,” in Alexandria’s prime location in December 2023.

In March 2024, Q signed agreements with global partners, including Crystal Lagoons for waterfront development within “Q North” and Accor Hotels to manage the project’s hotel under the “Novotel” brand—marking the brand’s debut in Egypt’s North Coast.

Later, in November 2024, Q announced its first project in New Zayed, “Q Hills,” during a press conference. This was followed by the early delivery of “Q San Stefano” in December 2024.

As of January 2025, construction at “Q North” remains ahead of schedule, with over 3,000 working hours completed, 45% of the first phase’s concrete structure finished, 40% of foundation waterproofing completed, 35% of masonry work done, and 25% of plastering work finalized. This accelerated progress positions the company to deliver fully furnished and finished units to customers ahead of schedule.

Thabet concluded by revealing that Q Developments now holds a land portfolio of 260 acres in the North Coast and New Zayed. The company’s investments have reached EGP 22 bn to date, with plans to increase by an additional EGP 12 bn in the upcoming years. He also announced that Q Developments is taking serious steps to expand into Gulf markets through upcoming projects and partnerships that will be unveiled soon.