Latest news with #TatweerMisr
Zawya
20-05-2025
- Business
- Zawya
Tatweer Misr launches REACH programme to stimulate real estate demand amid market slowdown
Egypt - In a strategic move to counter Egypt's real estate market slowdown, Tatweer Misr has launched the REACH programme, a flexible financial solution designed to revive consumer demand and address the sector's liquidity challenges amid declining purchasing power. Unlike the market trend of offering blanket long-term payment plans, Tatweer Misr based its approach on a five-month market study focused on evolving buyer behavior and sector-specific needs, according to Ahmed Shalaby, Founder, President, CEO, and Board Member of the company. Karim Radwan, Chief Commercial Officer (CCO) at Tatweer Misr, described REACH as a comprehensive framework that goes beyond payment flexibility. 'REACH is designed to support a healthy cash flow, boost sales, and strengthen collaboration across the real estate value chain—including brokers, contractors, and service providers,' he said. The programme offers customizable payment plans ranging from 5 to 15 years, tailored to various income brackets and buyer profiles, from first-time homeowners to property investors. Backed by this initiative, Tatweer Misr is targeting over EGP 35bn in contracted sales in 2025, supported by EGP 14bn in planned investments across its project portfolio. These investments will support the delivery of more than 2,000 residential units across the company's six developments, Shalaby confirmed. 'We expect to achieve EGP 2bn in net profits by the end of 2025, up from EGP 1.7bn in 2024, marking the first time in a decade that we fully settle accumulated losses from previous years,' he added. Shalaby also noted the ongoing strength of international demand, which accounted for 50% of total sales between January and September 2025. Of this, 40% came from Egyptians living abroad and 10% from foreign nationals—a shift in composition compared to 2023, when sales were split at 39% and 11%, respectively. In the first quarter (Q1) of 2025, Tatweer Misr reported EGP 6bn in contracted sales, with over EGP 3bn invested, 70% of which was allocated to construction. The company also sold more than 500 units, bringing its cumulative sales to 16,500 units out of a total planned 34,000 across its projects.
Daily News Egypt
19-05-2025
- Business
- Daily News Egypt
Tatweer Misr launches REACH programme to stimulate real estate demand amid market slowdown
In a strategic move to counter Egypt's real estate market slowdown, Tatweer Misr has launched the REACH programme, a flexible financial solution designed to revive consumer demand and address the sector's liquidity challenges amid declining purchasing power. Unlike the market trend of offering blanket long-term payment plans, Tatweer Misr based its approach on a five-month market study focused on evolving buyer behavior and sector-specific needs, according to Ahmed Shalaby, Founder, President, CEO, and Board Member of the company. Karim Radwan, Chief Commercial Officer (CCO) at Tatweer Misr, described REACH as a comprehensive framework that goes beyond payment flexibility. 'REACH is designed to support a healthy cash flow, boost sales, and strengthen collaboration across the real estate value chain—including brokers, contractors, and service providers,' he said. The programme offers customizable payment plans ranging from 5 to 15 years, tailored to various income brackets and buyer profiles, from first-time homeowners to property investors. Backed by this initiative, Tatweer Misr is targeting over EGP 35bn in contracted sales in 2025, supported by EGP 14bn in planned investments across its project portfolio. These investments will support the delivery of more than 2,000 residential units across the company's six developments, Shalaby confirmed. 'We expect to achieve EGP 2bn in net profits by the end of 2025, up from EGP 1.7bn in 2024, marking the first time in a decade that we fully settle accumulated losses from previous years,' he added. Shalaby also noted the ongoing strength of international demand, which accounted for 50% of total sales between January and September 2025. Of this, 40% came from Egyptians living abroad and 10% from foreign nationals—a shift in composition compared to 2023, when sales were split at 39% and 11%, respectively. In the first quarter (Q1) of 2025, Tatweer Misr reported EGP 6bn in contracted sales, with over EGP 3bn invested, 70% of which was allocated to construction. The company also sold more than 500 units, bringing its cumulative sales to 16,500 units out of a total planned 34,000 across its projects.
Zawya
19-05-2025
- Business
- Zawya
Egypt's Tatweer Misr announces $280mln investment for 2025, aims to deliver 2,000 units
Egypt's Tatweer Misr will invest 14 billion Egyptian pounds ($280 million) in 2025 as part of its ongoing expansion strategy across the country's key real estate markets, Managing Director Ahmed Shalaby told Zawya Projects. The private developer expects to generate EGP 35 billion ($700 million) in sales revenue by the end of the year, with projected net profits of EGP 2 billion ($40 million), he said on the sidelines of a media roundtable on Sunday. Tatweer Misr recorded EGP 6 billion ($120 million) in revenues during the first quarter of 2025, delivering 500 units and investing EGP 3 billion ($60 million) during the period. The delivery target for 2025 is 2,000 units. Shalaby added that in the first quarter, the company finalised an agreement with the Arab African International Bank and Al Ahly Pharos to launch a securitisation programme valued at EGP 20 billion ($400 million) over five years. The company's first multi-issue issuance will support the acceleration of its real estate projects. In 2024, Tatweer Misr achieved EGP 33 billion ($660 million) in sales revenue, delivered 1,400 units, and invested EGP 4 billion ($80 million). Net profits for the year stood at EGP 1.7 billion ($34 million), with 2,350 units sold. Shalaby said the company is currently studying new investment opportunities in Saudi Arabia and Oman, with plans to announce one new project in 2025 without elaborating. Domestically, Tatweer is exploring potential developments in the North Coast, East Cairo, and West Cairo. Tatweer Misr is presently developing six projects across East and West Cairo, the North Coast, and Ain Sokhna. Shalaby also noted that Tatweer Misr is the first real estate company in Egypt to receive the SmartScore Platinum certification from WiredScore for its headquarters at Arkan Plaza in Sheikh Zayed City. The company also holds four ISO certifications, supporting its integrated approach to smart and sustainable development. Chief Commercial Officer Kareem Radwan introduced the company's newly launched REACH programme, which offers tailored financial solutions and payment plans of up to 15 years. The initiative is aimed at improving customer experience, enhancing project cash flow, and reinforcing the company's network of strategic partners. (1 US Dollar = 50.03 Egyptian Pounds) (Reporting by Eman Hamed; Editing by Anoop Menon) (
CairoScene
05-05-2025
- Entertainment
- CairoScene
Tatweer Misr is Giving Away Tickets to Omar Khairat's ‘The Grand Show'
'The Grand Show' will showcase Omar Khairat at his best, performing under one of Cairo's most storied venues. May 05, 2025 Tatweer Misr is giving two lucky winners — and their plus ones — the chance to see Egyptian pianist and composer Omar Khairat perform live at the historic Qubba Palace on May 9th. 'The Grand Show' promises to showcase Omar Khairat at his best, performing at one of Cairo's most storied venues. Winners will also be photographed during the evening, so consider it your soft launch — framed by flattering lights and iconic surroundings. On top of free tickets to a never-before-seen performance, winners can expect a special surprise coming their way! All you need to do is enter the draw and plan your palace-worthy look. To enter, leave a comment on our Instagram post, and we will choose a winner at random.
CairoScene
30-04-2025
- Entertainment
- CairoScene
Omar Khairat to Perform ‘The Grand Show' at Qubba Palace May 9th
The celebrated composer will hold a one-night-only performance at Qubba Palace, brought to you by Tatweer Misr and organised by RMC. Apr 30, 2025 Legendary Egyptian composer Omar Khairat is set to headline a special concert for the first time at Cairo's historic Qubba Palace on May 9th, 2025. Titled 'The Grand Show', the event will feature Omar Khairat's music performed live with a full orchestra and full choir in a one-of-a-kind performance. Following his widely praised performance at Abdeen Palace last year, Khairat's return to a royal venue continues a tradition of pairing his sweeping compositions with Cairo's grand landmarks. Qasr el Qubbah has been specifically opened for this show, brought to you by Tatweer Misr and organised by RMC as part of their ongoing initiative to revive Egypt's cultural excellence—an effort made by Tatweer Misr that is proudly sponsoring for the third consecutive year. Doors will open at 6:00 PM, with the concert beginning at 8:30 PM. Formal attire is required, and entry is restricted to guests aged 12 and above. Tickets can be booked via the TicketsMarche website.
