Thursday 30 Jan
Wadi Degla Developments Company plans to invest 3 billion Egyptian pounds in construction projects this year, a substantial increase from the 2 billion pounds invested in 2023. This ambitious investment strategy, announced by CEO Remon Ahdy at a company conference today, is underpinned by a target of 10 billion Egyptian pounds in contractual sales.
To achieve this goal, Wadi Degla plans to deliver approximately 1,500 units across its various projects this year. The company is also exploring expansion into new governorates, seeking to capitalize on market momentum by establishing a presence in several promising areas.
Recognizing the evolving market dynamics, Wadi Degla is adapting to changes in purchasing power by offering extended payment terms and enhanced sales incentives. The company attributed its strong sales performance last year to a confluence of factors: increased selling prices, a surge in demand for investment properties, and particularly strong interest in North Coast projects.
