Q Developments hosted its annual event at a luxury Cairo hotel, reflecting on a year of significant achievements and announcing future plans. The event was graced by Eng. Ahmed Thabet, CEO of Q Developments, and other key stakeholders, including Sherif Helew, Hisham El-Danasoury, and Mohamed Farag.
Recognizing Exceptional Performance
The ceremony celebrated the company’s team and success partners with awards for leadership, innovation, and dedication. Special recognition was given to top sales achievers and outstanding performers.
Furthermore, a selected group of employees received an all-expenses-paid Umrah trip, or a monetary equivalent for those unable to attend, reflecting Q Developments’ commitment to employee well-being.
A Vision for Growth
Sherif Helew, board member and main shareholder, shared his 25-year journey in the real estate sector and the creation of Q Developments. He emphasized the company’s focus on providing high-quality real estate at competitive prices to a segment representing 40% of Egypt’s purchasing power.
Helew also revealed that Q Developments is expanding its portfolio with ongoing projects and future plans.
Strategic Expansion & Project Milestones
Eng. Ahmed Thabet, CEO, provided insights into the company’s rapid progress since its founding in April 2023. Notable achievements include the launch of the “Q North” project in July 2023, the groundbreaking of “Q San Stefano” in December 2023, and a partnership with global brands such as Crystal Lagoons and Accor Hotels for “Q North.
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” By January 2025, significant progress at “Q North” included 45% completion of the first phase’s concrete structure and the company is on track to deliver finished units ahead of schedule.
Future Plans: EGP 34 Billion Investment by 2025
Q Developments now holds a 260-acre land portfolio in the North Coast and New Zayed, with EGP 22 billion invested so far.
The company plans an additional EGP 12 billion in investments by 2025. Expansion into Gulf markets is also in the works, with upcoming projects and partnerships set to be unveiled soon.
Key Takeaways:
Q Developments sets investment target of EGP 34 billion by 2025.
Land portfolio spans 260 acres in North Coast and New Zayed.
Ongoing project “Q North” making accelerated progress with 45% of concrete structure completed.
Plans for Gulf market expansion with strategic partnerships and projects.
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