Egyptian Developers marks EGP 1.2bn sales milestone in 18 months

Egyptian Developers has announced record-breaking sales, achieving over EGP 1.2bn in sales between early 2023 and mid-2024. This milestone underscores the company’s rapid emergence as a key player in Egypt’s real estate sector.

Chairman Abdel Rahman Abu Zeid attributed this success to several strategic factors, including innovative approaches to project development in Shorouk City, east Cairo. The company has focused on designing commercial and mixed-use spaces that redefine the concept of traditional malls, creating modern and dynamic hubs that cater to diverse needs.

He highlighted the company’s unwavering commitment to delivering high-quality projects on time, adhering to exceptional standards in design and functionality while consistently meeting or surpassing deadlines. Moreover, Egyptian Developers strives to be a catalyst for growth in emerging cities by introducing innovative commercial centers that create modern urban environments and significantly contribute to the development of these areas.

Abu Zeid emphasized the company’s unique strengths, which have firmly established its leadership in Al-Shorouk City. These strengths include pioneering innovative approaches in commercial real estate by developing multi-purpose malls with contemporary designs that cater to evolving market demands.

He highlighted the company’s strong track record for reliability, consistently delivering projects on or ahead of schedule while upholding superior quality standards.

He noted, “We have succeeded in creating modern designs for our projects by elevating the standard of mall designs with a contemporary approach that aligns with market trends and offers customers a unique shopping experience. Our strategic vision focuses on developing modern cities through innovative malls, with the aim of contributing to the growth of new urban areas in Egypt by providing commercial and mixed-use spaces that enhance urban living and support community development.”

Dr. Makhlouf Abd Rabo, CEO of Egyptian Developers, stated that the company has achieved an exceptional 90% customer satisfaction rate, both before and after sales. This metric allows the company to gauge customer expectations against the final product delivered, revealing that clients were highly satisfied, with no discrepancies between the promised and delivered outcomes.

He added that maintaining high-quality standards remains a core principle in all of the company’s projects pointed out that achieving such strong results in such a short period is primarily due to a clear vision, dream, and strategy that is shared by all employees of the company. Every individual within Egyptian Developers is part of the company’s family, with all departments working together to implement this ambitious strategy.

He concluded that a special celebration was organized to honor all employees for their efforts in achieving this success and their continued hard work throughout the year to maintain these remarkable results in such a short time.