Celebrating its 20th anniversary, Wadi Degla Developments has announced a comprehensive restructuring and ambitious plans for 2025, Invest-Gate reports.
Since its inception in 2005, the company has delivered 12,000 units, welcoming 18,000 Egyptian families into its communities.
CEO Raymond Ahdy highlighted the company’s resilience amid 2024’s economic challenges, including rising construction costs. In response, Wadi Degla increased its capital from EGP 520 mn to EGP 1.149 bn, a 121% growth aimed at bolstering financial stability.
A significant move in the restructuring is the spin-off of EgyConst, the firm’s construction arm, into an independent entity. This change is designed to provide EgyConst with greater flexibility to secure external contracts and expand its client base. Ahdy stated, “By spinning off EgyConst, we’re enabling it to scale faster and capitalize on construction opportunities in Egypt and further across Middle Eastern and international markets.”
Additionally, Wadi Degla has fully integrated EgyPro FME, a leader in Egypt’s facilities management market, into its group structure. Established in 2002, EgyPro FME manages over 3.5 million square meters across 21 governorates. Ahdy emphasized, “Facility management isn’t just about maintenance—it’s about safeguarding the future of real estate investments.”
In 2024, Wadi Degla achieved over EGP 5 bn in sales and delivered approximately 1,500 units across its residential projects in East Cairo and resorts in Ain Sokhna. Looking ahead, the company aims to deliver an additional 1,500 units in 2025, targeting a sales goal of EGP 10 billion.
The company is also exploring new investment opportunities, adding 60 feddans in Ain Sokhna to the ‘Murano’ project with an investment exceeding EGP 5 bn. Furthermore, Wadi Degla is expanding into foreign markets, particularly in the Middle East and Africa, with plans to export its ‘Club Town’ concept. A partnership has been established with a Saudi real estate developer to implement ‘Club Town’ projects in the Kingdom.