Wealth Developments to launch a package of mixed-use projects in east Cairo

Wealth Developments is moving towards implementing a clear investment plan, based on solid experience, and an ambitious vision, that qualifies it to acquire a leading position in the development of commercial and administrative projects in east Cairo.

Eng. Ahmed Shaker, chairperson of Wealth Developments, said that the company has strong experience and a shareholder structure that enjoys experience and competence, which are factors that enhance the company’s ability to develop  flagship commercial and administrative projects. In addition, support its plan to be one of the largest real estate companies specialized in developing commercial and administrative projects in East Cairo.

Shaker added that the company owns a diversified land bank that enhances its ability to implement its ambitious investment plan, which includes 6 projects, 3 of which have been completed and are under construction, as well as,  3 projects the company plans to develop during the coming period.

He elaborated that these projects feature exceptional and unique locations.

He added that the company’s shareholders constitutes leading companies, including Arkan Consulting Group that owns a precedent in designing projects inside and outside Egyptian market, and has a precedent in pioneering projects in Fifth Settlement, New Cairo. Additionally, shareholder structure includes Modern Egypt, a leading contracting company belongs to Class A in the Egyptian Federation for Construction and Building Contractors classification.

He pointed out that Wealth Developments initiated its business since 2019, and during that period it succeeded in acquiring some distinct lands. Moreover, the company has delivered an integrated residential project in New Obour city, according to the specified dates.  Accordingly, commitment is the company’s slogan since its inception in Egypt’s real estate market, and one of the main axes on which its strategy based.

For his part, Chief Commercial Director at Wealth Developments Mostafa Shamandy said that the company always chooses strategic locations to develop its projects to reach leadership and enhances its ability to innovate and at the same time guarantees customer the highest return on his investment.

Shamandy pointed out that the company aims to achieve customer’s interest in all its projects as a partner in its success.

He disclosed that the company has qualified teamwork enjoys strong experience and distinguished competencies that work in full capacity to implement the ambitious vision of the company on current and future projects.

The company relies on integrated market studies that enable it to develop the required product and deliver it to clients, Shamandy concluded.