Wealth Holding has announced its expansion strategy and investment targets through 2026, which focus on diversifying its investment portfolio and expanding geographically within and beyond the Egyptian market, alongside unveiling its new residential project, Citra Residence, in New Sheikh Zayed City, with total investments reaching EGP 10bn, Invest-Gate reports.
The company revealed that Citra Residence will be developed on an area of 30 feddans as a fully integrated residential community comprising villas and serviced apartments. The project will be rolled out across four sales phases, in response to the growing demand for premium residential developments in West Cairo.
Mohamed Mamdouh, Chief Executive Officer and Managing Director of Wealth Holding, stated that Citra Residence represents a major milestone in the company’s development journey. He noted that the project has been designed in line with the latest international standards of comfort, luxury, and sustainability, while offering a wide variety of unit sizes and residential models to meet the needs of different customer segments.
He explained that the project includes a diverse range of residential units with varying designs and areas, including serviced apartments, twin houses, townhouses, and standalone villas. Mamdouh emphasized that the company has focused on providing smartly designed spaces that align with current customer expectations and evolving lifestyle patterns.
Mamdouh also confirmed that Wealth Holding has appointed Diaa Consult, one of the largest consultancy firms in Egypt and the Arab region, to oversee the architectural design and master planning of the project, ensuring the delivery of a fully integrated real estate product that meets the highest global standards of urban planning.
He added that the company has finalized an agreement with one of the leading telecommunications companies to provide smart connectivity solutions and advanced digital infrastructure within Citra Residence. This collaboration aims to deliver a comprehensive living experience based on the latest digital and technological solutions, enhancing quality of life and service efficiency across the company’s developments.
The CEO highlighted that expansion in West Cairo comes as part of Wealth Holding’s broader strategic plan, which targets a strong presence in both West and East Cairo, in addition to entering new regional and international markets in the coming phase.
Mamdouh further noted that Wealth Holding boasts a strong track record in real estate development, having successfully delivered high-quality residential, commercial, and investment projects for more than 23 years, reinforcing its position as a key player in the Egyptian real estate market.
He added that the company is committed to delivering non-traditional and exceptional developments that keep pace with global advancements in design and technology, pointing out that Wealth Holding consistently integrates hospitality components into most of its projects in support of the state’s strategy to increase hotel and serviced apartment capacity and maximize tourism revenues.
He concluded by emphasizing that West Cairo—particularly following the opening of the Grand Egyptian Museum—has become one of the most attractive destinations for real estate investment, given the comprehensive infrastructure upgrades and the development of new cities. This aligns with the government’s vision to transform the area into a global tourism hub as part of Egypt Vision 2030.