Tatweer Misr, a leading development company, has made a significant announcement regarding its investment plans for the year 2024. The company has revealed its intention to allocate a staggering amount of 10 billion Egyptian pounds (EGP) towards project development and the delivery of numerous residential units to its valued customers. This impressive investment volume represents a remarkable 65% growth rate compared to the previous year, making it the highest recorded investment value in the company’s entire history.
This substantial investment is a testament to Tatweer Misr’s unwavering commitment to fostering the growth of the national economy. The company aims to achieve this by creating integrated and sustainable urban communities that not only provide comfortable living spaces but also generate added value for residents, project stakeholders, and the Egyptian real estate sector as a whole. In line with its strategic vision, Tatweer Misr is also focused on expanding its operations externally, aiming to maximize returns for its investors, customers, and all stakeholders involved.
As part of its ambitious plan, Tatweer Misr will utilize the allocated 10 billion EGP to expedite the progress of construction activities across its diverse range of projects. Moreover, the company is determined to meet the demands of its customers by ensuring the timely delivery of thousands of residential units in accordance with the agreed-upon schedules. However, Tatweer Misr’s vision extends beyond residential developments. The company intends to diversify its investment activities by venturing into non-residential projects. By incorporating distinctive elements such as hotels, administrative buildings, educational facilities, commercial spaces, and entertainment zones, Tatweer Misr aims to create exceptional environments that enhance the quality of life within its projects. Ultimately, this strategy is designed to maximize returns for its customers, investors, and all stakeholders involved in the company’s endeavors.
Tatweer Misr has already achieved remarkable milestones in recent years. In 2023, the company experienced a breakthrough in contractual sales, reaching a staggering 25 billion EGP. This impressive accomplishment reflects an astounding annual growth rate of 300%. Additionally, Tatweer Misr successfully delivered 1,500 residential units to satisfied customers during the previous year. Looking ahead, the company has ambitious plans to surpass its previous achievements. It aims to increase the number of residential units handed over to customers to a total of 2,000 during 2024. This will be made possible through ongoing projects such as IlMonte Galala, Fouka Bay, D Bay, and Bloomfields, which are set to contribute significantly to Tatweer Misr’s success in the current year.
