Tatweer Misr launches 2025 strategy to implement corporate governance and achieve optimal performance
Cairo: With more than a decade since its inception, Tatweer Misr has successfully positioned itself as one of Egypt's leading real estate development companies, establishing smart and sustainable urban communities that cater to both current and future clients' needs. The company has also played a crucial role in driving national economic growth by creating thousands of direct and indirect job opportunities and delivering a return on investment to shareholders.
Entering a new historic phase in 2025, Tatweer Misr is adopting a new strategy focused on implementing corporate governance regulations to achieve maximum growth rates, improve operational efficiency, and enhance performance oversight. The strategy also supports the company's transition towards corporate sustainability, preparing it for an initial public offering (IPO) in the medium term. Additionally, the strategy reinforces Tatweer Misr's commitment to integrating environmental sustainability standards across its projects to ensure the development of smart and sustainable communities.
Dr. Ahmed Shalaby, President & CEO of Tatweer Misr, commented: 'We are proud of what we have accomplished over the past decade in solidifying our leadership in the Egyptian real estate sector. Our strategy has always been driven by a commitment to developing urban communities that clare both sustainable and smart, delivering added value to our clients, partners, and shareholders while supporting the Egyptian economy. Today, we are ahead of a new challenge—transitioning our company towards corporate sustainability through compliance with corporate governance regulations that will propel the company into its next phase. Our strategy aims to expand our projects locally and internationally while setting a benchmark in governance and sustainability that contributes to the growth of the real estate sector and reinforces national GDP. Additionally, we are executing ambitious plans for a new organizational structure to achieve significant sales growth, increase the rate of unit deliveries, and develop financial solutions to achieve corporate and financial goals.'
Tatweer Misr has commenced its new strategy by implementing comprehensive organizational restructuring aligned with its future goals and expansion plans. This restructuring includes the introduction of new senior management positions assigned to prominent industry professionals in Egypt's real estate sector to enhance institutional efficiency and achieve the company's long-term aspirations.
As part of this organizational restructuring, Mr. Ahmed Noureldin has been appointed Chief Financial Officer (CFO), a strategic role responsible for overseeing financial controls, investor relations, and coordination with banking and non-banking financial institutions. His responsibilities also will include developing financial solutions to support project funding and achieving the company's financial goals, ensuring financial stability and sustainable growth.
Furthermore, Mr. Ihab Salama has been appointed Chief Portfolio Officer & CEO of Tatweer Misr Education. In this role, he will oversee non-residential projects and all education-related initiatives, expanding the company's portfolio and reinforcing its commitment to diversification and sustainability.
Additionally, Mr. Mohamed Rashad has assumed the position of Chief Internal Audit Officer, tasked with overseeing internal audit, compliance, and risk management, thereby enhancing corporate transparency and governance.
Tatweer Misr's strategy also emphasizes raising awareness of sustainable development goals by leveraging the role of Dr. Ahmed Shalaby, President & CEO of Tatweer Misr, as a board member of the UN Global Compact Network Egypt and a founding member of Chapter Zero Egypt. The company remains focused on showcasing the economic benefits of environmental and social sustainability practices across various sectors. Tatweer Misr will continue to share its best practices in sustainability at local, regional, and international forums to highlight advancements in the Egyptian real estate sector, support increased real estate exports, and open new markets for Egyptian developers.
As for operational and financial goals for 2025, Tatweer Misr's 2025 strategy targets significant sales growth, aiming to reach EGP 35 billion in total sales. The company is also working on accelerating its construction pace through allocating around EGP 14 billion to facilitate the delivery of over 2,000 residential units across its projects. Furthermore, Tatweer Misr will continue to diversify its investment portfolio and enhance its unique offerings to create vibrant, fully integrated communities. The company is also working on exploring new investment opportunities and increasing its land bank to further enhance its positioning in the real estate sector.
These strategic moves come after a record-breaking performance in 2024, during which Tatweer Misr has succeeded in exceeding its targets. The company achieved contractual sales of over EGP 33 billion, surpassing its goal of EGP 32 billion—the highest sales figure in its history—bringing total accumulated contractual sales to approximately EGP 82 billion. Additionally, the company prepared more than 1,400 units for delivery across projects such as Fouka Bay, D-Bay, IL Monte Galala, and Bloomfields, having invested over EGP 7 billion in construction activities. This brought the total number of ready-for-delivery units across Tatweer Misr's projects to 4,800.
From unit sales perspective, Tatweer Misr sold over 2,350 residential units in 2024, increasing its total client base to more than 16,000 families. The company's 'Salt' project led sales, with 940 units sold, followed by 'D Bay' (410 units), 'Bloomfields' (380 units), and 'IL Monte Galala' (310 units). Additionally, 205 units were sold in 'Fouka Bay' and 105 in 'Rivers,'.
During the last month of 2024, Tatweer Misr has successfully launched a new project entitled 'Scenes' in Mostakbal City, New Cairo. With this addition, the company continues to spread its footprint across Egypt's strategic real estate locations.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fintech News ME
2 days ago
- Fintech News ME
Egypt's MIDBANK Completes Core Banking Overhaul with Temenos
MIDBANK, a long-standing Egyptian financial institution, has completed a full overhaul of its core banking infrastructure, replacing its legacy systems with Temenos ' banking technology platform. The move marks a significant milestone in the bank's broader digital transformation strategy, aimed at modernising operations and enhancing service delivery across the country. Following an extensive evaluation process, MIDBANK chose to implement a suite of Temenos solutions, including its Core Banking system, Payments Hub, Financial Crime Mitigation, and Data Hub. The bank adopted a 'big bang' approach for the transition, decommissioning its previous systems and activating the new platform in a single step. Amr El-Garhy, CEO and Managing Director of MIDBANK, stated: 'We turned off the light on one system, and turned on the light on another. It was a bold decision, but we were well prepared. Temenos was attentive at the moments that really mattered. They stayed close to the project and showed genuine commitment to our success. Powered by Temenos, MIDBANK is well-positioned to shape the future of digital banking in Egypt.' The new system is already delivering tangible results, including shorter transaction processing times, improved internal efficiency, and better customer experiences. Looking ahead, MIDBANK plans to roll out digital banking channels using Temenos Digital and to explore artificial intelligence applications through tools such as the Temenos Product Manager Copilot. Santhosh Rao, Managing Director for the Middle East and Africa at Temenos, commented: 'MIDBANK's successful go-live is a strong example of how Temenos helps financial institutions modernise with confidence. Our proven delivery capability, combined with our innovative and adaptable platform, enabled a smooth and timely transition. MIDBANK is now equipped to deliver modern, efficient, and customer-centric banking services.' Temenos' existing presence in Egypt, its local partnerships, and prior experience in the region were instrumental in supporting the implementation. Key partners included ITSS for the rollout and DXC for testing support.
Campaign ME
4 days ago
- Campaign ME
IMI group picks Hadley Gamble as Chief International Anchor
IMI, the privately owned global media group headquartered in Abu Dhabi, has appointed Hadley Gamble to the newly created role of Chief International Anchor. In this strategic position, Gamble will lead the development of high-profile interviews and original features across IMI's network of premier media brands, including The National, Sky News Arabia, CNN Business Arabic, and Al-Ain News. A seasoned journalist and anchor, Gamble brings extensive expertise in political and economic reporting, having interviewed heads of state, business leaders and cultural figures over a notable career spanning two decades. Some of her interviews are with high-profile leaders such as Russian President Vladimir Putin, King Abdullah II of Jordan, Egyptian President Abdel Fattah el-Sisi, former US Secretary of State Mike Pompeo, and businessman and philanthropist Bill Gates, among many others. Based in London, Gamble will represent IMI internationally and lead a new slate of cross-platform content. Commenting on her appointment, Hadley Gamble, Chief International Anchor at IMI, said, 'I am excited to be joining a media group with global reach and a clear editorial vision across its media outlets. Gamble added, I look forward to working closely alongside The National, Sky News Arabia, CNN Business Arabic, and Al-Ain News to deliver distinctive journalism that informs and engages audiences around the world.' Gamble's appointment aligns with IMI's broader strategy to expand its international content footprint and continue to grow its global audience base. With operations in 15 countries and a team of more than 400 journalists across the UAE, Lebanon, Egypt, the United Kingdom, and the United States, IMI intends to continue investing in original content, world-class talent and impactful journalism.
The National
4 days ago
- The National
How natural gas can energise diplomacy and mutual progress
Recently, Egypt and Turkey signed a significant natural gas and liquefied natural gas agreement to deploy a Turkish floating storage and regasification unit on Egyptian shores for the first time. The deal marks an important step in ensuring the security of Egypt's natural gas supplies and offers clear evidence of its essential role in supporting industries, business and homes around the world. Yet, while the economic benefits of gas and LNG expansion are incontestable, this landmark collaboration should be seen as a testament to the resource's larger potential as a strategic instrument – one which enables cross-border co-operation and helps build bridges towards shared global progress. For nearly 10 years now, natural gas has become increasingly indispensable to the stability and growth of countless economic systems, including in North Africa, Europe and Asia. Its unique combination of reliability, affordability and comparatively low carbon emissions have made it an ideal source of power for both developing and developed countries seeking to balance economic development with environmental responsibility. Today, natural gas and LNG are used to fuel vital sectors such as manufacturing, transportation and emerging technologies, and with demand forecasted to rise by 60 per cent by 2040, there is little doubt that they will continue to be a key part of our energy future. Here in Egypt, leveraging the economic value of natural gas has long been a top priority. During my time as minister of petroleum and mineral resources, the country expanded investments in liquefaction plants, extraction and distribution infrastructure. The results speak for themselves: gas and LNG export revenues reached $8 billion in 2022, up from $0.6 billion in 2014. Meanwhile, further investments in pipeline networks and terminal infrastructure have also unlocked domestic value far beyond the resource itself. In fact, natural gas now generates most of Egypt's electricity, supplies affordable energy to millions of homes and powers a new generation of local enterprises. This reliable foundation has allowed Egypt to sustain growth, create jobs and even set ambitious climate targets. The future of energy will be shaped by those who recognise that shared prosperity is best achieved through collaboration However, as this most recent agreement with Turkey demonstrates, the power of natural gas extends far beyond its use as fuel for industries and homes, as it can often act as a vital platform for building international partnerships and unlocking new opportunities for mutual progress. At the very same meeting where the most recent gas deal was signed, senior government officials from Egypt and Turkey also agreed to wider collaborations to enhance the exchange of technical expertise and specialised knowledge to launch joint projects in strategic fields, including geothermal energy, hydrogen and vital minerals. Such an outcome is not unique, as natural gas deals have often helped foster trust, deepen economic ties and create avenues for dialogue between nations. This was certainly the case just a few short years ago, when Israel, Egypt and the US came to a historic agreement to boost the EU's supply of natural gas. A memorandum of understanding between the three players not only established a strong and mutually beneficial supply chain – where Israeli gas is liquefied in Egyptian plants before being sent by tanker to Europe – it also provided a new platform upon which our nation could revive strained relations with Israel and demonstrate strategic value to the EU. These collaborations yield tangible benefits. Egypt's strategic influence as a regional energy connector is fundamentally reinforced by partnerships with Cyprus, Israel and European partners, alongside active participation in the East Mediterranean Gas Forum, EGYPES and the world-renowned Gastech. These multilateral platforms enhance Egypt's energy capabilities, attract foreign investment and accelerate technology exchange. For partner countries, reliable access to flexible energy supplies remains essential, and Egypt's efforts to modernise and expand key infrastructure – coupled with supportive policies and a wealth of untapped resources – offer a secure and ascending market in which to do business. But maintaining this ecosystem of co-operation takes work, especially when geopolitical developments and economic circumstances put pressure on all. For that reason, gatherings like Gastech 2025 – which will be hosted in Milan this year – are becoming increasingly critical to the health of the international ecosystem, and not just the growth and development of the energy industry. Convening ministers, industry leaders and experts from around the world, the event will offer a unique forum for the international community to align on the key challenges and opportunities that are shaping the global energy landscape. As it champions the role of natural gas in advancing shared energy goals, including security and sustainability of supply, Gastech's line-up of top decisionmakers underscores the resource's profound influence on the political, diplomatic and economic priorities of nearly every country. The convergence of international partnerships, including the recent Egypt-Turkey agreement, and the convening power of global forums like Gastech illustrate how natural gas has evolved into a catalyst for collective progress. Its value now extends well beyond reliable supply and economic gain, serving as a foundation for trust, knowledge-sharing and cross-border innovation. As countries navigate the challenges of energy security and sustainability, natural gas continues to offer a unique platform for building resilient alliances and advancing mutual interests. The future of energy will be shaped by those who recognise that shared prosperity is best achieved through collaboration – leveraging the strengths of natural gas to connect economies, encourage dialogue and support the transition to a more secure and low-carbon world.
