Qatari Diar Development Egypt is a subsidiary of the Qatar Investment Authority (QIA) and one of Egypt’s leading real estate developers. The company has invested billions of dollars in the Egyptian market since 2006, focusing on creating transformative real estate projects that meet the highest international standards. Qatari Diar Development Egypt has significantly contributed to developing Egypt’s infrastructure, housing, and tourism sectors and is committed to continuing its investment in the country’s future.
One of Qatari Diar Development Egypt’s flagship projects is the St. Regis Cairo and Residences, a luxury hotel and residential development in the heart of Cairo. The project is a testament to the company’s commitment to excellence, featuring world-class amenities and services that cater to the needs of the most discerning clientele. The St. Regis Cairo and Residences is just one example of Qatari Diar Development Egypt’s dedication to creating world-class real estate projects that contribute to the growth and development of the Egyptian economy.
Qatari Diar Development Egypt has partnered with local companies to deliver various real estate projects across Egypt. In 2023, the company signed a deal with Organi Group to help deliver three national real estate projects. The partnership promises to bring new investments and jobs to Egypt while contributing to the country’s economic growth. With its extensive experience and expertise in real estate development, Qatari Diar Development Egypt is well-positioned to continue leading the way in Egypt’s real estate industry.
Company Overview
Qatari Diar Real Estate Investment Company
Qatari Diar Development Egypt is a subsidiary of Qatari Diar Real Estate Investment Company wholly owned by the Qatar Investment Authority (QIA). Qatari Diar Real Estate Investment Company is a leading global developer with over 50 projects in more than 20 countries worldwide. The company’s mission is to create sustainable communities that enrich people’s lives while respecting local cultures and traditions.
Strategic Vision and Mission
Qatari Diar Development Egypt’s strategic vision is to become Egypt’s leading real estate developer by delivering world-class projects that meet the highest international standards. The company’s mission is to create sustainable communities that provide long-term economic opportunities for local communities while preserving and enhancing the country’s natural beauty and cultural heritage.
Qatari Diar Development Egypt is led by a team of experienced professionals, including the CEO and Director, committed to delivering the company’s strategic vision and mission. The CEO is responsible for the company’s overall management, while the Director provides strategic guidance and oversees the implementation of the company’s projects.
Qatari Diar Development Egypt’s commitment to sustainability is reflected in its projects, which balance economic growth with environmental and social responsibility. The company’s projects are designed to minimize their environmental impact while providing long-term financial benefits for local communities.
In conclusion, Qatari Diar Development Egypt is a leading real estate developer in Egypt. It is firmly committed to sustainability and focuses on delivering world-class projects that meet the highest international standards. The company’s strategic vision and mission are guided by experienced professionals, including the CEO and Director, committed to creating sustainable communities that enrich people’s lives and respect local cultures and traditions.
Investment Landscape in Egypt
Egypt has been a significant player in the Middle Eastern economy, and its strategic location and large population make it an attractive destination for foreign investment. Qatari Diar Development Egypt has been one of the major investors in the Egyptian market, with an expansive portfolio that comprises various prestigious projects throughout the country, covering more than 40 million sqm of land.
Economic Impact
Qatari Diar Development Egypt’s investments in Egypt have had a significant economic impact on the country. The company’s investments have created jobs, generated revenue, and contributed to the growth of the Egyptian economy. Qatari Diar’s projects have also helped to develop the country’s infrastructure, improving the quality of life for the people of Egypt.
Investment Plans and Strategies
Qatari Diar Development Egypt has a long-term investment plan in Egypt and is committed to investing in the country’s future. The company’s investment strategy is focused on developing high-quality real estate projects that meet the needs of the Egyptian market. Qatari Diar’s projects are designed to be sustainable, environmentally friendly, and socially responsible.
Qatari Diar Development Egypt’s investment plans in Egypt include the development of luxury residential and commercial properties and the construction of hotels and resorts. The company’s projects are located strategically throughout the country, including Cairo, the North Coast, and the Red Sea.
In conclusion, Qatari Diar Development Egypt’s investments in Egypt have significantly impacted the country’s economy. The company’s long-term investment plan and commitment to sustainability make it an essential player in the Egyptian market.
Major Projects
CityGate Project Overview
Qatari Diar Development Egypt has announced the start of implementing the first phase of its CityGate project. The project is expected to provide nearly 200,000 job opportunities during its implementation. The CityGate project is one of the significant real estate projects developed by Qatari Diar in Egypt. The project is located in the heart of Cairo and covers an area of 1,500 acres. The project is expected to be a new landmark for Cairo and include a range of residential, commercial, and entertainment facilities.
The CityGate project is expected to be completed in several phases. The first phase will include constructing several residential units, commercial buildings, and a shopping center. The project is also expected to include several hotels, office buildings, and a convention center.
The New Cairo Development
Qatari Diar Development Egypt has invested heavily in the development of New Cairo. The company has developed several residential projects in New Cairo, including villas and twin houses. The New Cairo Development is one of Qatari Diar’s most important real estate projects in Egypt. The project is located in the eastern part of Cairo and covers an area of 10,000 acres.
The New Cairo Development is expected to be a new residential and commercial hub for Cairo. The project is expected to include a range of residential units, commercial buildings, entertainment facilities, a number of hotels, office buildings, and a convention center.
Administrative Capital Initiatives
Qatari Diar Development Egypt has signed a deal with Egypt’s Organi Group to deliver three real estate projects in the North African country. The projects are part of the Administrative Capital Initiatives, which aim to develop Egypt’s new administrative capital. Qatari Diar is expected to invest heavily in this development.
The Administrative Capital Initiatives are expected to include a range of residential and commercial projects, including villas, twin houses, and apartment buildings. They will likely also include several hotels, office buildings, and a convention center. Qatari Diar is scheduled to play a significant role in developing Egypt’s new administrative capital.
Partnerships and Collaborations
Qatari Diar Development Egypt has established several partnerships and collaborations with various entities to facilitate the implementation of its projects. These strategic partnerships have enabled Qatari Diar to leverage the expertise and resources of its partners to deliver high-quality projects that meet the needs of the local market.
Consolidated Contractors Company (CCC)
One of Qatari Diar’s key partners is the Consolidated Contractors Company (CCC), a leading international construction company with a strong presence in the Middle East. CCC has worked on several Qatari Diar projects in Egypt, including the St. Regis Cairo and Residences, and has provided valuable construction expertise and resources.
Governmental and Local Partnerships
Qatari Diar has also established partnerships with various governmental and local entities to facilitate the implementation of its projects. For example, Qatari Diar has worked closely with the Ambassador of the State of Qatar to Egypt to foster strong bilateral relations and facilitate the implementation of Qatari Diar’s projects in Egypt.
In addition, Qatari Diar has collaborated with local entities such as the Organi Group to deliver several real estate projects in Egypt. This collaboration signifies a vote of confidence in the Egyptian real estate market and highlights Qatari Diar’s commitment to investing in the local economy.
Overall, Qatari Diar’s partnerships and collaborations have played a crucial role in ensuring the successful implementation of its projects in Egypt. By leveraging the expertise and resources of its partners, Qatari Diar has been able to deliver high-quality projects that meet the needs of the local market and contribute to the development of the local economy.
Economic Contributions
Investment in Local Economy
Qatari Diar Development Egypt has significantly contributed to the local economy through real estate projects. The company’s investment in the Egyptian market has dramatically boosted the country’s economy, creating job opportunities and driving growth in the construction and real estate sectors. Qatari Diar has invested over USD 3.1 billion in the real estate industry in Egypt since 2006 and has several ongoing projects there.
The company’s commitment to sustainable development and high-quality construction has helped to improve the standard of living for many Egyptians. Qatari Diar’s projects are designed to provide modern and comfortable living spaces and commercial and retail spaces that meet the needs of local communities. By investing in the local economy, Qatari Diar is helping to create a better future for Egyptians.
Job Creation and Labor Market
Qatari Diar’s projects in Egypt have created numerous job opportunities for Egyptians, helping to address the country’s high unemployment rate. The company is committed to hiring local workers and providing them with the necessary training and support to excel in their roles. Qatari Diar’s projects have created jobs in various fields, including construction, engineering, architecture, and project management.
The company’s investment in the labor market has helped to develop the skills and expertise of local workers, improving their employability and contributing to the growth of the Egyptian workforce. Qatari Diar’s commitment to hiring local workers has also helped to promote social and economic development in the communities where its projects are located.
In conclusion, Qatari Diar Development Egypt’s investment in the local economy and commitment to job creation have significantly impacted Egypt’s economic development. The company’s ongoing projects in the country are helping to drive growth in the construction and real estate sectors while also creating job opportunities and improving the standard of living for many Egyptians.
Sustainability and Community Development
Qatari Diar Development Egypt is committed to sustainability and community development. The company’s projects seek to holistically nurture the growth of local communities and provide long-term sustainable economic opportunities while preserving and enhancing indigenous natural beauty and local traditions with state-of-the-art modern comforts.
Social Responsibility Initiatives
Qatari Diar Development Egypt believes in giving back to the community and has established several social responsibility initiatives. The company has partnered with local organizations to provide education and training programs for young people, empowering them with the skills and knowledge they need to succeed in the workforce. Additionally, the company has supported local sports clubs and events to promote healthy living and community engagement.
Building a Self-Sustaining City
Qatari Diar Development Egypt’s flagship project, CityGate New Cairo, is an autonomous city that aims to provide residents with everything they need within the community. The project features a range of amenities, including a golf course, sports club, and shopping mall, all designed to meet residents’ needs and promote a healthy and active lifestyle. To minimize its environmental impact, the project also includes green spaces and sustainable infrastructure, such as solar panels and water recycling systems.
Overall, Qatari Diar Development Egypt’s commitment to sustainability and community development is evident in its projects. The company’s focus on the social dimension of development and building self-sufficient communities is a testament to its dedication to creating a better future for all.
Financial Insights
Investment Figures and Funding
Qatari Diar Development Egypt has been making significant investments in the real estate market in Egypt. According to reports, Qatari Diar has invested over $3 billion in various prestigious projects throughout the country, covering more than 40 million sqm of land. The company’s portfolio includes CityGate New Cairo, The St. Regis Cairo, and NEWGIZA, some of the most exclusive projects in the capital.
In February last year, Qatari Diar started construction of the new phase of the CityGate development, with total investments of 1.75 billion Egyptian Pounds ($36.3 million). The construction includes 422 residential units of various villas and twin houses. Eng. Abdullah bin Hamad Al Attiyah, CEO of Qatari Diar, has stated that the CityGate project is expected to provide nearly 200,000 job opportunities during its implementation.
Real Estate Market Analysis
Qatari Diar’s investments in the Egyptian real estate market have significantly impacted the market. The company’s investments have helped to boost the real estate market’s growth and development, providing employment opportunities and contributing to the country’s economic growth.
According to reports, the Egyptian real estate market has been growing steadily over the past few years, with the market value reaching over One Billion Egyptian Pounds in 2020. The market’s growth is attributed to various factors, including the government’s efforts to improve the investment climate, the country’s strategic location, and the increasing demand for housing.
Overall, Qatari Diar Development Egypt’s investments in the Egyptian real estate market have been significant, contributing to the market’s growth and development. With a portfolio of prestigious projects and substantial assets, the company is expected to continue playing a crucial role in the market’s growth in the future.
Leadership and Governance
Executive Leadership
Qatari Diar Development Egypt has a strong executive leadership team responsible for the company’s strategic direction and day-to-day operations. The CEO, Eng. Abdullah Bin Hamad Al Attiyah, leads the team and ensures that the company’s goals and objectives are met. Eng. Abdullah Bin Hamad Al Attiyah has extensive experience in the real estate industry and has been instrumental in driving the growth of Qatari Diar Development Egypt.
Board of Directors
The Board of Directors of Qatari Diar Development Egypt is responsible for providing strategic guidance and oversight to the company. The board is chaired by Sheikh Hamad Bin Khalifa Al-Thani, the chairman of the Qatar Investment Authority (QIA). The QI is Qatar’s sovereign wealth fund. It is the majority shareholder of Qatari Diar Development Egypt. Salem Mubarak Al Shafi is also a board member and brings a wealth of experience in the real estate industry.
The board meets regularly to review the company’s performance, approve significant investments and acquisitions, and ensure that it operates by its values and principles. The board is committed to ensuring that Qatari Diar Development Egypt remains a real estate industry leader and delivers value to its shareholders and stakeholders.
Overall, Qatari Diar Development Egypt has a strong leadership team and a committed board of directors that is focused on driving the company’s growth. With their experience and expertise, the company is well-positioned to continue to be a leader in the real estate industry in Egypt and beyond.
Future Prospects
Upcoming Projects and Expansions
Qatari Diar Development Egypt has been actively investing in the real estate industry in Egypt since 2006. The company has already invested USD 3.1 billion in the industry and has planned several upcoming projects and expansions. One of the most prominent projects is the CityGate project, valued at 1 billion Egyptian pounds, which is already underway. The project is expected to provide nearly 200,000 job opportunities during its implementation period.
In addition to the CityGate project, Qatari Diar Development Egypt has partnered with Organi Group to deliver three real estate projects in Egypt. The company’s investment in the Egyptian market has primed it to lead the market with transformative real estate projects that are on par with the highest international standards of all global stakeholders.
Long-Term Development Goals
Qatari Diar Development Egypt has set long-term development goals to continue investing in the Egyptian real estate industry. The company’s development and investment plans are expected to be announced soon. Qatari Diar Development Egypt is committed to providing quality real estate projects that meet international standards while contributing to the growth and development of the Egyptian economy.
The company’s long-term development goals include expanding its presence in the industry and contributing to the growth of the tourism sector in Egypt. Qatari Diar Development Egypt is also committed to maintaining its high-quality standards in its projects. The company’s prospects look bright as it continues to invest in the Egyptian market and contribute to its growth and development.
Frequently Asked Questions
Where is the headquarters of Qatari Diar Development located in Egypt?
Qatari Diar Development Egypt is headquartered in Cairo, Egypt. The company has an extensive portfolio that comprises various prestigious projects throughout the country, covering more than 40 million sqm of land.
What are the reviews for Qatari Diar Development’s projects in Egypt?
Qatari Diar Development has a reputation for delivering high-quality projects in Egypt. The company’s projects have received positive reviews from customers and industry experts. Qatari Diar Development is committed to providing its customers with the best possible service and ensuring that its projects meet the highest quality standards.
What job opportunities are available at Qatari Diar Development in Egypt?
Qatari Diar Development offers various job opportunities in Egypt, including project management, engineering, construction, finance, marketing, and sales positions. The company is committed to providing its employees with a supportive work environment, opportunities for growth and development, and competitive compensation and benefits.
How can one apply for a career with Qatari Diar Development in Egypt?
Interested candidates can visit Qatari Diar Development’s website to view job openings and apply online. The company encourages applicants to submit their resumes and cover letters online and follow up with the recruitment team if they have any questions or concerns.
What is the average salary range for employees working at Qatari Diar?
The salary range for Qatari Diar Development employees varies depending on the position, level of experience, and other factors. The company is committed to providing its employees with competitive compensation and benefits packages commensurate with their skills, experience, and responsibilities.
What are some of the notable projects undertaken by Qatari Diar in recent years?
Qatari Diar Development has undertaken several notable projects in recent years, including the CityGate New Cairo, The St. Regis Cairo, and NEWGIZA projects in the capital. These projects have helped to transform the real estate market in Egypt and have contributed to the country’s economic growth and development.
EGYPT MLS
Egypt MLS, a part of Arab MLS, is an innovative real estate platform catering to licensed agents, realtors, and brokers in Egypt. It features an extensive database of properties, simplifying the process of searching, comparing, and securing real estate purchases. This platform aims to revolutionize the property market in Egypt.
