Tatweer Misr has announced an increase in its investment volume to EGP 10 bn in 2024, representing a growth rate of 65% compared to the previous year and marking the highest investment value in the company’s history, Invest-Gate reports.

This step reflects Tatweer Misr’s commitment to supporting the growth of the national economy through the development of integrated and sustainable urban communities that provide added value for residents, entrepreneurs, and the Egyptian real estate sector as a whole. It is also in line with the company’s plan for external expansion and maximizing returns for its investors, customers, and partners.

Tatweer Misr aims to allocate EGP 10 bn to expedite construction work across its various projects and ensure the timely delivery of thousands of housing units to customers.

Moreover, the company seeks to diversify its investment activities and enhance its non-residential project portfolio by incorporating distinctive components such as hotels, administrative buildings, educational facilities, commercial spaces, and entertainment amenities.

These additions aim to create a high-quality living experience within Tatweer Misr’s projects while maximizing returns for clients, investors, and partners.

In 2023, Tatweer Misr achieved a significant surge in contractual sales, reaching EGP 25 bn—an annual growth rate of 300%.

The company also successfully delivered 1,500 residential units during the previous year and intends to increase this number to 2,000 units in 2024 across projects including Il Monte Galala, Fouka Bay, D-Bay, and Bloomfields.