IWG Expands in Egypt to meet growing demand for hybrid working with four new locations in Cairo

IWG, the world leader in hybrid work solutions is expanding its footprint to meet record demand amongst Egyptian businesses.  IWG has signed partnership agreements for the development of four new co-working spaces in Cairo. The new locations are situated in the most sought after areas and are in response to growing demand from businesses of all sizes.

The four upcoming spaces are planned to be launched in 2023 and will be situated in Pioneer Plaza, Maspero Business Tower, and One Kattameya Maadi.

Signature at The View by The Waterway in New Cairo, Egypt

A state of the art building at The View by The Waterway in New Cairo will be the first Signature location in Egypt. It will be the first time, IWG introduces its flagship brand to Africa.

The View by the Waterway is a high end mixed use complex that features retail, residential and office space and is set to be IWG’s third managed partnership deal with Premier Group.

Regus Pioneer Plaza

Regus Pioneer Plaza will be developed in partnership with Global Pioneer Investment and Development and will be IWG’s first workspace in the new Capital of Egypt. The decision to expand to this area of Cairo was due to it being well-connected given the rapid growth and appeal of public and private entities shifting their bases to the new Capital. Pioneer Plaza also implements sustainable and environment friendly practices making it a sought after building for businesses in this sector. IWG is planning to launch its space in Pioneer Place by Q3 of 2023.

Regus Maspero Business Tower

IWG partnered with Premier Group for Regus Maspero Business Tower. Regus Maspero Business Tower is located in a 15 floor building comprised of business, commercial and retail units covering a total space of 1000 sqm. A high quality building with substantial parking available, IWG plans to open Regus Maspero Business Tower space in Q4 of 2023.

Regus One Kattameya, Maadi

In partnership with Memaar Al Morshedy, IWG will be developing Regus One Kattameya, a 616 sqm building comprised of12 floors. The mixed-use building with mainly office units is considered of a high quality ranking with a retail offering on its ground floor and convenient parking. The Regus co-working space is scheduled to open in Q1 of 2023.

Mark Dixon, Founder and CEO of IWG, added: “We are experiencing record levels of demand as businesses of all sizes commit to the hybrid model and rethink their real estate strategies. Partnerships, which bring local market knowledge and expertise to the table, are a crucial part of our growth plans, enabling us to scale up more rapidly to meet demand.

We are proud to be paving the way for today’s hybrid work culture to flourish in Cairo by offering the very best collaborative spaces that support local and international businesses”

Hybrid working today is viewed as a key way of achieving targets, with 82% of CFOs stating that it offers an affordable business model while still meeting the high demand for office space. IWG has a global reputation for being a leader in flexible workspaces with almost 3,500 workspaces available in over 120 countries. With a mission to support millions of people to have productive and enjoyable experiences at work, IWG consistently develops a range of workspace solutions and services that allow for greater flexibility. The demand for hybrid work solutions is at an all-time high in Egypt and this is reflected in the occupancy of IWG centers reaching 90%.

This partnership for four new spaces will successfully address and fulfil the Cairo’s requirements for flexible, local office spaces as companies of all sizes continue to adopt hybrid working.

IWG is seeking to continue to grow its network across Egypt in close partnership with property owners and investors. If you are interested in capitalizing on the growing trend for flexspace, find out more about IWG’s partnership opportunities.