Wadi Degla Developments reveals a new expansion strategy, with plans to deliver 2,000 units in 2023, Invest-Gate reports.

The strategy allows Wadi Degla to realize its goals by strengthening its governance controls and ensuring financial viability.

The Deputy CEO of Wadi Degla Developments, Raymond Ahdy, says: “The current market realities require a different highly-focused strategic approach in order to increase the organization’s agility and improve efficiency.”

He highlights that the company’s turnaround strategy is a key step toward streamlining operations in a way that enhances operational capability through improved resource allocation.

WDD works on the development of a more balanced diversified portfolio and reduces risks associated with specific asset classes, the top executive notes.

Ahdy reveals that the company delivered 1,400 units in 2021 and 1,660 units in 2022.