Dr. Ahmed Shalaby, CEO of Tatweer Misr, has announced a 10-year strategic plan for the company, outlining its ambitious goals for global expansion and sustainable development. The plan encompasses a multifaceted approach that will position Tatweer Misr as a leading player in the international real estate market while prioritizing environmental stewardship and responsible business practices.
A key pillar of the plan is Tatweer Misr’s foray into new markets beyond Egypt and the Middle East. The company aims to establish a strong presence in international arenas, leveraging its expertise and experience to deliver exceptional projects that cater to diverse global audiences.
Sustainability is at the forefront of Tatweer Misr’s strategy, with a commitment to incorporating eco-friendly practices into all aspects of its operations. The company will prioritize resource conservation, energy efficiency, and the use of sustainable materials, ensuring that its developments align with global environmental standards.
In addition to its international expansion and sustainability goals, Tatweer Misr is also pursuing an initial public offering (IPO) on the Egyptian Stock Exchange. While a specific timeline has not been set, the company is actively engaging with global consulting firms to restructure and strengthen its management team in preparation for this significant step.
Tatweer Misr’s impressive track record speaks for itself. Established in 2014, the company has amassed a portfolio of landmark projects across Egypt, including Fouka Bay, D Bay, and Salt on the North Coast; Monte Galala in Ain Sokhna; Bloomfields in New Cairo; Rivers in Sheikh Zayed; and The Views in New Cairo.
The company’s financial performance is equally noteworthy. In the first half of 2024, Tatweer Misr achieved sales of 21 billion Egyptian pounds, exceeding its annual target of 32 billion pounds. Notably, 65% of these sales were generated by projects on the North Coast, highlighting the strong appeal of Tewzi Egypt’s offerings in this popular destination.
Looking ahead, Tatweer Misr is poised for further growth and expansion. The company is exploring opportunities in Oman and is set to announce a new project in Saudi Arabia before the end of the year. These ventures underscore Tatweer Misr’s commitment to expanding its global footprint and delivering exceptional real estate experiences to a wider audience.
With its ambitious 10-year plan, Tatweer Misr is firmly positioned to become a leading player in the global real estate market, driven by its unwavering focus on international expansion, sustainability, and operational excellence. The company’s dedication to creating exceptional projects that meet the needs of diverse communities while prioritizing environmental stewardship will undoubtedly shape the future of real estate development both in Egypt and around the world.
